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Proposed Board Rule on Separation of Service and Other Revisions
Nov 24, 2020, 08:41 AM by MOSERS
At their November 19, 2020 meeting, the MOSERS Board of Trustees adopted:
- Board Rule 9-2, "Termination of Employment and Reemployment of MSEP/MSEP2000/MSEP 2011 Retiree"
- Board Rule 4-9, "Termination of Employment and Reemployment of ALJLAP Retiree"
- Board Rule 4-10, "Termination of Employment and Reemployment of Judicial Plan or Judicial Plan 2011 Retiree"
- Revisions to various other MOSERS Board Rules.
Before receiving a benefit payment from MOSERS, IRS rules require a “bona fide termination” of the member’s employment. For purposes of these new rules, a "bona fide termination" occurs when:
- a member has completely severed the member’s employment;
- the member has not entered into a prearranged agreement, prior to retirement, with any employer for subsequent employment on any basis (full-time, part-time, or other); and
- the member is not subsequently employed by any employer on any basis (full-time, part-time, or other) within 30 days after the member’s employment with the member’s prior employer has ended.
For purposes of these rules “employer” means the State of Missouri or any other employer covered by MOSERS.
All board rule changes will take effect on December 21, 2020.
Topics
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Annual Benefit Statement
(2)
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Benefit-Eligible Position
(3)
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Employee Education
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Employer Education
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Forms
(4)
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Leave
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Life Insurance
(12)
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Long-Term Disability
(12)
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MOSERS Month
(5)
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Pension Benefits
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Pension Plans
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Phoenix
(16)
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Reemployment
(6)
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Reports
(18)
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Retirement Process
(8)
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SEBES
(3)
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Separation of Service
(6)
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Termination
(11)
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Transfers
(6)