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. 

  • Retirement Application

    Apr 15, 2021, 9:56 AM By MOSERS

    The Retirement Application was recently revised to include an agreement regarding MOSERS’ Board Rule on Separation of Service. Outdated paper versions of the Retirement Application will not be accepted and should be discarded. Please encourage employees to apply for retirement online by logging in to myMOSERS and selecting Retire Online from the menu. If an employee cannot apply online, they should contact a MOSERS benefit counselor who will send them a personalized paper form. 

  • The Importance of Comp Time Pay on Pension Benefits

    Oct 14, 2020, 10:14 AM By MOSERS

    If you have an employee nearing retirement, it is beneficial to pay out any compensatory time balances before or with the employee’s final salary payment. Since this pay may impact the final average pay (FAP) calculation for retirement purposes, a delayed compensatory time payout could result in the employee receiving an incorrect benefit estimate or their first benefit check.

    After receiving information on a compensatory time payout, MOSERS must obtain information from you to allocate the pay to the months earned for the calculation of the FAP. Having this information as early as possible will help to make the retirement process as smooth as possible.

  • Employees Terminating On Their Retirement Date

    Sep 16, 2020, 12:50 PM By MOSERS

    Please note that MOSERS retirement benefits are only payable as monthly installments. A member may not be counted as an employee AND receive a retirement benefit within the same month. Employees who are retiring typically terminate their employment at the end of a month, so that they may be classified as a retiree at the start of the next month. Occasionally, an employee may confuse this scenario and work on the first day of the month that is their intended retirement date. When this happens, the employee may NOT retire until the following month.

    For Example: If an employee plans to retire on October 1 but is still an employee for ANY time in October, they will NOT be permitted to retire until at least November 1.

    To ensure smooth transitions for your outgoing staff, please pay special attention to your employees who are eligible for retirement and plan to leave employment on the first day of any month. It may be helpful to explain that their last day of employment and first day of retirement will always be two separate dates.

    You may contact MOSERS to confirm if an employee has applied for retirement. If you discover an employee who plans to work on the same date their retirement becomes effective, please advise them of the conflict or direct them to contact  MOSERS for more information.

  • Unused Sick and Annual leave

    Jul 15, 2020, 11:10 AM By MOSERS

    We understand that there is often confusion regarding unused leave upon retirement. This is a common concern so we have provided a quick overview below that you can reference when asked by employees.

    Unused Annual Leave:

    Did you know?

    • The amount of your unused annual leave/vacation has no impact on your MOSERS pension benefits.
    • Your employer should pay you for at least some of your unused annual leave. The amount of annual leave that you may get paid for is determined by your agency or university, not by MOSERS.
    • Your agency or university may have a limit on how much they will pay out. Limits may vary from one agency or university to another. Check your employee policies for details well in advance of your retirement date.

    Unused Sick Leave:

    Did you know?

    • Your monthly pension benefit from MOSERS will be based on your final average pay and your credited service. This can include unused sick leave.
    • Each block of 168 hours of unused sick leave is converted into one month of service credit to be used in your pension benefit calculation. (There is no partial credit; any amount less than 168 hours will be equal to zero additional months of credited service.)
    • Unused sick leave does not count as service in determining retirement eligibility but it can increase your benefit amount once you have become eligible for retirement.
    • If you use sick leave near your retirement date, it may affect previous benefit estimates you have received.
    • If you are eligible for BackDROP and elect to take it, you will receive credit for unused sick leave accrued during your BackDROP period.