Annual Benefit StatementsJun 17, 2020, 9:33 AM By MOSERS
Please remind employees that all Annual Benefit Statements for active members are now available online. We apologize for the delay. Due to COVID-19, we had postponed sending out statements to some members until May. Members can access their Annual Benefit Statement today by logging in to myMOSERS. Click on Online Documents then on Document Express.
PreRetirement Seminar REMINDER!May 14, 2020, 12:13 PM By MOSERS
Please remind employees that if they are registered to attend an in-person seminar in May or June, be sure to check their email for instructions on how to register for the live online version! Our interactive webinars allow members to ask questions and directly communicate with educators. Closed captioning will be available on certain sessions. If they are interested in attending a session with closed captioning, please advise them to send an email to Education@mosers.org or call (800) 827-1063 for more information.
The safety of our members is a top priority. We will continue to evaluate future PreRetirement seminars and give updates to our members. Follow our website for more information.
We Appreciate You!May 14, 2020, 12:09 PM By MOSERS
May 3-9 was Public Service Recognition Week. We would like to personally thank all of the HR representatives for their hard work and dedication. As a liaison between MOSERS and our members, we sincerely appreciate your diligence and efforts to educate your staff on the benefits we offer. You make a difference in people’s lives every single day. THANK YOU!
MOSERS Office Buildings Remain Closed to VisitorsMay 14, 2020, 12:06 PM By MOSERS
Please advise employees that MOSERS staff members are still available by phone and email to answer any questions they may have about MOSERS benefits.
While we are transitioning from most of our staff working from home to them returning to the office in several waves, the office buildings remain closed to visitors to protect the health of members and staff.
Please watch the COVID-19 page of our website for regular updates.
SPAM ALERT!May 14, 2020, 12:04 PM By MOSERS
There has recently been a circulation of fishy emails that we believe may target some of our members. If you or any of your employees receive an email from an organization titled Public Employee, (Civil Employee) Retirement Assistance, or Pensionrx with a subject line mentioning MOSERS, please be aware that we are NOT affiliated with this organization. They may ask you to schedule an appointment to discuss your MOSERS benefits. Please advise your employees to contact MOSERS directly.
Word on the Street: Early Retirement IncentiveMay 14, 2020, 11:52 AM By MOSERS
True or False: There is currently an early retirement Incentive.
An early retirement incentive and/or another buyout would require legislative authorization. We are not aware of any legislative proposals that have been offered at this time to provide either for general state employees. You can follow any bills affecting MOSERS on our Legislation page. May 15, 2020, is the last day of the current legislative session.
MOSERS' PreRetirement SeminarsApr 17, 2020, 12:52 PM By MOSERS
Due to the COVID-19 pandemic, we have decided to transition ALL May PreRetirement Seminars to Webinars. Please watch our website for updates and remind employees to check their emails if they have already registered for a seminar. Additionally, we have made the difficult decision to cancel ALL Coffee Break seminars for retirees for the remainder of 2020. Thank you for your continued patience and understanding as our scheduling changes due to the pandemic.
*Note that the May 14th Webinar has now been moved to May 15th.
Reminder: Benefit-Eligible PositionsApr 17, 2020, 12:49 PM By MOSERSWe get questions about benefit eligibility, especially related to the reemployment of retirees. See the Benefit Eligibility page on our website (https://www.mosers.org/employers/employer-resources/benefit-eligibility) for information but remember, the decision about whether or not a position is benefit-eligible should be based on an analysis of the position, not based on who will fill the position.
Update on Annual Benefit StatementsApr 17, 2020, 12:48 PM By MOSERS
At this time we have sent Annual Benefit Statements to our college & university members and to Department of Conservation employees only. Due to the COVID-19 state office building closures, including the MOSERS building, we have postponed sending statements to employees of other state agencies. We will resume sending the remainder of Annual Benefit Statements after normal operations resume.
COVID-19 CARES ActApr 17, 2020, 12:36 PM By MOSERS
Did you know that with the Coronavirus Aid, Relief, and Economic Security (CARES) Act, assistance is available for individuals who are diagnosed with COVID-19? Assistance also expands to those whose spouse or dependent is diagnosed with the disease and for those who are negatively affected financially due to quarantine, furlough, layoff, work hour reduction or who can’t work due to lack of child care.
Additionally, the CARES Act may offer tax relief if a terminated employee takes a lump-sum payment in cash for a Coronavirus-related reason. This provision affects the taxability a refund of employee contributions, BackDROP payments, and Cash Out payments. We encourage you to share this with your affected employees and direct them to our COVID-19 CARES Act page for further information.
Our staff is continuing to work diligently to keep our members up to date on the latest information regarding their benefits through this pandemic. Please continue to follow our COVID-19 updates page for the latest information.
For additional information on the law’s impact on employee benefit plans. See the International Foundation on Employee Benefit Plans (IFEBP) article, More COVID-19 Relief via the Coronavirus Aid, Relief, and Economic Security Act (CARES Act)
Potential Survivor BenefitsApr 17, 2020, 12:17 PM By MOSERS
Spring is the perfect time to update your employees about their potential survivor benefits. We understand that this can be a difficult topic for our members and their loved ones, but we would like to encourage them to educate themselves and contact MOSERS with any concerns or questions.
The first steps survivors should take when a member dies are as follows:
- Contact us as soon as possible when anyone receiving (or eligible for) a MOSERS benefit dies.
- MOSERS will send you a letter explaining any benefits available to you.
- Apply. You must complete and return the forms we send to you. We can’t pay benefits to survivors and beneficiaries without the required documents.
- Submit the death certificate and an acceptable proof-of-age-and-lawful-presence document.
- If you want to have insurance proceeds pay funeral expenses, send us the assignment paperwork and an itemized statement of expenses from the funeral home.
- Contact other benefit providers such as MO Deferred Comp, MCHCP, and Social Security.
Please direct them to our Death page for more important information.
COVID-19 UpdateMar 17, 2020, 3:42 PM By MOSERS
We take the spread of COVID-19 very seriously and want to provide you with an update on the measures we are taking to protect our members, MOSERS employees, stakeholders, and the public. Below is a list of important points to mention to your employees if they have inquires regarding their retirement or benefits during this time.
1. Pension payments will continue as usual.
2. March 19 – April 23 all PreRetirement Seminars will be online.
3. April Coffee Break Seminars are cancelled.
4. Please consider phone meetings rather than office visits to MOSERS.
As always, we are here for your benefit and we sincerely appreciate your patience as we navigate this pandemic. Please encourage your employees to follow our website for updates.
New Pension Administration SystemMar 17, 2020, 3:42 PM By MOSERS
What & Why:
We are building a new pension administration system (PAS)! MOSERS Integrated Benefits System (MIBS), our current PAS, was built in the late 1980s and has served us well for more than 30 years, but it is nearing the end of its life expectancy.
This system is analogous to the central nervous system of MOSERS. Replacement is a significant undertaking. The PAS contains all demographic data (name, address, SSN, Member ID, DOB, bank account numbers, etc.), individual service dates, salary history, employment status, contribution balances and payment history for all members.
It is the central hub for tracking and processing nearly everything MOSERS does related to benefit administration. Staff rely on it for accurately producing everything from routine correspondence, to Annual Benefit Statements, to pension inceptions, to member payments.
Employers interact with the PAS to submit member payroll and service credit information, including the submission of changes such as terminations or leaves of absence.
It is the source of information, which MOSERS uses to interact with members from their date of hire until the final payment has been made to their last living beneficiary — a relationship that often spans many decades.
We began serious discussion, analysis, and information gathering in 2015. In 2017-2018, we issued various requests for proposals and ultimately selected a team of vendors to help us build the new system. It is a multi-year project, which we have dubbed Phoenix. We expect to provide members, staff, and employers with a modernized system on an updated platform in Spring 2023*.
Who Will Be Involved?
We have identified a group of 25 HR staff representing each of our different employers. We have been communicating via email with this group for several months. The HR reps in this group have been engaged, responsive, and provided a lot of valuable feedback. As the project progresses, there will be opportunities for involvement by other payroll/HR staff.
How Can You Help?
We will let you know when there are opportunities to provide input. Some examples include:
- Staying informed – please watch for updates in HR Update and in emails from MOSERS
- Providing input such as responding to surveys and providing information to MOSERS when requested
- Testing and providing feedback as the new PAS is developed
- Potentially incorporating new processes and procedures regarding employer reporting
- Participating in training when the new PAS is ready for implementation
*This article was updated on February 2, 2022
Big Demand for Mid-Career WebinarsMar 17, 2020, 3:42 PM By MOSERS
Registration for the Mid-Career Webinars is going great! Registration for the March 12 and May 14 webinars reached capacity early with 100 enrollees in each. The remaining dates are filling quickly as well.
Watch the mail in your office! We will soon mail posters featuring the 2020 Mid-Career Webinar schedule. Please hang these posters in a common area, such as a breakroom, so that your employees will be aware of the remaining dates:
- July 23, 2020
- September 23, 2020
- November 5, 2020
All HR representatives are encouraged to attend as well. Register at: https://register.gotowebinar.com/rt/2533457713669314818!
Encourage Employees to Examine Their Annual Benefit StatementMar 17, 2020, 3:42 PM By MOSERS
We will send Annual Benefit Statements to all active members by the end of March. This document conveniently shows a significant part of the total compensation members receive as a state employee (pension, deferred compensation, healthcare, life and long-term disability insurance, employer contributions to Social Security, etc.) plus the value of time off (annual leave, sick leave, and holidays).
We will send each member an email once we have posted their statement to Document Express, their online MOSERS mailbox. We will mail a hard copy of their statement to their home address for any members who have opted out of electronic delivery (7.5% of active employees).
Please encourage employees to go to myMOSERS (then to, Online Documents > Document Express) to view their statement. They can watch our myMOSERS login video tutorial if this will be their first time logging in.
If you are interested in estimating the state’s investment in employee compensation for a new employee or at a certain rate of pay, you can do so using our Total Compensation Calculator.
Word on the Street: Attending a PreRetirement SeminarMar 17, 2020, 3:41 PM By MOSERS
True or False: Members must attend a MOSERS PreRetirement Seminar before they can retire.
While we do highly encourage members to attend at least one Ready to Retire/PreRetirement Seminar before they retire, it is not required. Ready to Retire/PreRetirement Seminars provide members within 5 years of retirement eligibility with valuable information about their pension benefit, including the decisions they will have to make during the retirement process.
These seminars fill fast! If employees want to attend in 2020, they should enroll now by logging in to myMOSERS and going to Seminar Enrollment.
Registration for Mid-Career Webinars is Now OPEN!Feb 14, 2020, 8:49 AM By MOSERS
Do you have at least five years of service (vested) and are more than ten years from your first normal retirement eligibility date? If so, then this webinar is for you!
Join us to learn information about the employee benefits administered by MOSERS, including pension plan features, how different career and life events may affect your pension benefit and about your retirement savings plan options with MO Deferred Comp.
Online webinars for 2020 are scheduled for March 12, May 14, July 23, September 23 and November 5 The webinar is from 9:30 am until 11:00 am and will be followed by an open Q & A session until 11:15 am. During the registration process, select the date of the webinar you wish to attend and provide all the information requested. Confirmation and reminder emails will be sent to the email address provided during the registration process.
Register today at https://register.gotowebinar.com/rt/2533457713669314818!
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.
- 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)
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.
- 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.
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.
- Presently, no one is eligible for the Buyout program as the eligibility window has closed.
Seminar CancellationsFeb 14, 2020, 8:48 AM By MOSERS
Our Ready to Retire (PreRetirement) Seminars have been filling quickly and we’ve added more sessions and increased enrollment in certain venues, but we need your help as well!
Please remind your employees, that if they (and/or their registered guest) are unable to attend, to contact MOSERS at (800) 827-1063, as soon as possible, to cancel their registration and/or reschedule.
Once a member enrolls in a seminar, we reserve a seat for them (and any registered guests) in the seminar and include them in the meal count for that day. We confirm our seminar numbers to the caterer and venue one week prior to the seminar. So, as much advance notice of a cancellation as possible is greatly appreciated! This will allow MOSERS to reduce waste (food and materials) by providing a more accurate headcount AND to contact any members who may be on the waiting list.
In 2019, there were 335 no-shows, which resulted in many open seats and unused resources!
Disabled Adult Children Life Insurance CoverageFeb 14, 2020, 8:48 AM By MOSERS
The Standard Insurance Company has reviewed our life insurance contract and has determined that members can enroll their adult (over 26 years old) disabled child(ren) in life insurance coverage at any time while actively employed. To enroll, the member should go to myMOSERS, click on Forms, and select the Enroll/Change Optional Life Insurance form. Note that at the time of claim, The Standard will require you to provide proof that the child is disabled and dependent on the member.
Annual Benefit Statement
Separation of Service