HR Update is a way for MOSERS to communicate benefit news and updates with human resource and payroll representatives. Check back often and sign up to receive our emails. 

  • Employer Retirement Contribution Rates

    Jun 15, 2021, 8:32 AM By MOSERS

    The employer retirement contribution rate is calculated by MOSERS’ external actuary and is certified by the MOSERS Board of Trustees every year. As a reminder, the employer retirement contribution rates for MSEP, MSEP 2000, and MSEP 2011, as well as for the Judicial Plan and Judicial Plan 2011, are changing effective July 1, 2021. 

    The changes to the employer retirement contribution rates for the respective plans effective July 1, 2021 are as follows: 

     

    Fiscal Year Effective DateMSEP, MSEP 2000, MSEP 2011Judicial Plan, Judicial Plan 2011
    FY2207/01/202123.51%61.94%
    FY2107/01/202022.88%63.38%

     

    There are no changes to the employer contribution rates for CURP, basic life insurance, and long-term disability benefits.   

    If you are a Non-SAM II employer, please take note and adjust retirement contributions effective July 1, 2021 as needed.

    If you are a SAM II employer, contributions occur automatically as a percentage of payroll, and no additional action is required of you.

    For more information about Employer Contributions, please visit our website.  


  • Employer Contributions Reminder

    Jun 17, 2020, 9:34 AM By MOSERS

    The FY21 employer contribution rate for pensions will begin on July 1, 2020. Please remind payroll staff to update their systems to reflect the MOSERS contribution rate change effective July 1. For more information, please see our Contribution Rates page.


  • Refund / Cash Out / Buyout – What’s the Difference?

    Feb 14, 2020, 8:49 AM By MOSERS

    Former Missouri state employees may be eligible to receive a distribution of their retirement benefits or employee contributions. But who’s eligible for what? The following guide breaks down the difference between the options.

    Refund of Employee Contributions

    What is it?

    - Upon request, MOSERS will issue a refund of employee contributions plus any interest, if applicable to members of the MSEP 2011 or Judicial Plan 2011 who are not currently employed in a benefits-eligible position.

    Who’s eligible?

    - Former employees first employed in a MOSERS benefits-eligible position on or after January 1, 2011, are eligible if they:

    • Are not currently eligible for normal retirement.
    • Are not applying for long-term disability benefits through the MOSERS policy with The Standard Insurance Company.
    • Have submitted a completed Request for Refund of Contributions form.

    For more information, please see our Employee Contributions brochure (2011 Plan)

    Cash Out

    What is it?

    - The Cash Out provision allows certain vested members who left state employment prior to retirement to take the present value of their future retirement benefit in a lump sum, rather than a monthly benefit at retirement age.

    Who’s eligible?

    - Vested former members of MSEP who left state employment between 10/1/1984 and 9/1/2002 are eligible if they:

    • Have less than 10 years of creditable service.
    • Are not within five years of normal retirement eligibility
    • The present value of their future retirement benefit does not exceed $10,000. 

    - Fewer than 500 terminated vested members are eligible.

    For more information, terminated-vested members should contact a MOSERS benefit counselor and request a Cash Out Brochure and application.

      Buyout

      What is it?

      - The Buyout was a one-time program for certain eligible terminated-vested members. Senate Bill 62, passed in 2017, provided the MOSERS Board of Trustees with the authority to establish a buyout program for terminated-vested members. The Board’s authority to offer the program expired on May 31, 2018. (Note: This one-time buyout program was offered in two stages. The first buyout deadline was November 30, 2017. The second stage, known as the second chance buyout, was offered by the Board at the end of April 2018 with a deadline of May 31, 2018.) Any terminated-vested member who elected the lump-sum buyout and then returns to state employment will be considered a new employee and a member of the MSEP 2011.

      Who’s eligible?

      - Presently, no one is eligible for the Buyout program as the eligibility window has closed.



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