RetireeNews - 2024 Summer Newsletter - July 2024

Total Compensation Calculator - July 2024

MOSERS Strategic Plan - June 2024

Investment Policy Statement - May 2024

New Employer Reference Guide Available

Reminder for Mid-Career Webinars!

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, 2024.

The changes to the employer retirement contribution rates for the respective plans, effective July 1, 2024, are as follows:

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

If you are a SAM II employer, contributions occur automatically as a percentage of payroll, and you do not need to take any additional action.

We have added an Employer Reference Guide to the Employers page of the MOSERS website. In it, you will find information relevant to your reporting duties to MOSERS, such as benefit eligibility, contributions, service and salary credit, employee status changes, and more. We encourage you to use the guide as a resource and to contact employers@mosers.org if you have any questions. We will inform you of additional updates and navigation changes to the Employers page, particularly as we approach deploying the new system, Phoenix.

As liaisons between MOSERS and our members, your diligence and efforts in educating your employees about the benefits we offer are truly valued.

We receive more than 3,000 service-related forms from employers each month, which significantly impacts how MOSERS is able to administer benefits to state employees. By submitting a leave of absence, transfer, or termination form, you ensure that your employees receive the credit they deserve.

You truly make a difference in people’s lives every single day.

Thanks for Joining Us!

Summer Education Opportunities

April Hiring Event Was a Success!

Reminder: Scheduling Appointments in Advance

Our fourth annual MOSERS Month wrapped up at the end of April, and it was a success! We appreciate all the support and feedback we received from our members. During the month of April, our MOSERS Month page had more than 6,100 views, and an additional 6,034 members viewed their Annual Benefit Statement due to our campaign efforts. We received valuable feedback from our members with more than 2,700 survey responses, and we selected 10 random winners for our MOSERS Month Prize Pack giveaway! Winners are being contacted and will receive their prize packs by mail.

Please let your employees know that Annual Benefit Statements are still available online. Employees can access their statements by logging in to myMOSERS, clicking on Online Documents, and then Document Express.

Encourage your staff to enroll in summer education!

As an HR rep, you also have an open invitation to attend any member education session. See the enrollment information below. Just call us at (800) 827-1063 or (573) 632-6100 and ask for Debbie at ext. 1231, or email MOSERSEducation@mosers.org.

We still have seats available at several Ready to Retire in-person seminars and online webinars for this summer. These sessions are designed for general state employees who are within five years of retirement eligibility.

School is always more fun with a friend! Members are welcome to bring a spouse/guest with them!

How do members enroll?

On April 4, our educators, John Wells and Amber Arnold, represented MOSERS at the State of Missouri Hiring Event in Jefferson City. We were excited about the opportunity to tell prospective state employees about all the benefits we administer, including pension, life insurance, and long-term disability.

Representatives from 21 different state agencies attended this hiring event, which allowed over 293 job seekers to engage with recruiters and receive assistance in their job search. Fifty of those job seekers also received resume support. The state recruiters conducted 2,397 conversations and 181 on-site interviews, with 28 conditional job offers made on that day alone!

Agencies in attendance:

• State Auditor’s Office 
• Department of Commerce and Insurance 
• Department of Economic Development 
• Department of Elementary and Secondary Education 
• Department of Higher Education and Workforce Development  
• Department of Health and Senior Services 
• Department of Mental Health  
• Department of Natural Resources  
• Department of Corrections 
• Department of Labor and Industrial Relations 
• Department of Revenue 
• Department of Public Safety 
• Department of Social Services 
• Department of Agriculture 
• Department of Conservation 
• Department of Transportation 
• Missouri State Public Defender 
• Missouri National Guard 
• Office of Administration 
• Office of State Courts Administrator
• Secretary of State

Resource Area Vendors:

• DHEWD with Resume Support 
• DHEWD with Career Skills Program 
• DSS with Workforce & Community Initiatives 
• Dreams to Reality 
• MCHCP 
• MOSERS 
• MO Deferred Comp
• OA with the Office of Equal Opportunity

Thank you to all the employers who were able to attend! This hiring event was a great success because of your efforts to promote employment with the State of Missouri.

Your employees can always schedule an appointment in advance to meet with a benefit counselor in our office. This will result in a much shorter wait time and allow us to answer all their questions about retirement, life insurance, and long-term disability benefits.

Counselors are available to assist members from 8 a.m. to noon and from 1 p.m. to 4:30 p.m., Monday through Friday. Our office is open during the noon hour for members who would like to drop off forms, but we also have a drop box outside our office available 24/7.

Our benefit counselors can:

• Print off benefit estimates during an appointment. 
• Discuss retirement options. 
• Demonstrate how to retire online. 
• Provide personal assistance when submitting a claim for life insurance or long-term disability benefits.

Please encourage your employees to make an appointment in advance to meet with a benefit counselor, as our staff is limited in availability. They can contact us by calling (800) 827-1063 or (573) 632-6100.

Phoenix Update

Spring Cleaning Reminder

Encourage Your Employees to Sign Up for a Webinar Today!

Annual Benefit Statements are Available!

Recently Updated Resources

If you attended Benefits U last fall, you may have heard about MOSERS' upcoming transition to a new pension administration system called Phoenix. The new system will store your employees' demographic, service, salary, and contribution records so we can administer benefits for your employees.

As an employer representative who works closely with MOSERS, you will interact with Phoenix each pay period to ensure the accurate exchange of information from your agency to MOSERS. We have been working closely with our vendor to test the system and remain on track for deployment in the second half of 2024.

Once we have identified a deployment date, we will begin sharing important information with you to help us complete the transition, including how you will receive access to the new system and attend a training session.

In the meantime, please continue to send timely termination, transfer, and leave of absence forms to MOSERS for your employees and work monthly Aged Accounts Receivable (AAR) reports. Carrying past-due AAR errors can lead to inaccurate records for your employees and cause a potential backlog of work when we transition to Phoenix.

We have designed our educational programs to help state employees learn information about their benefits as they progress through their careers and experience different life events along the way.

Newer Employees & MOSERS Webinars – Employees can start learning about the state benefits administered by MOSERS, including pension plan features, life insurance, long-term disability, and their personal retirement savings plan options with MO Deferred Comp.

• For employees who are newer to the state with at least six months but less than five years of service (not yet vested).
• Speakers include MOSERS and MO Deferred Comp.
• Sessions last approximately 2 hours.
• Daytime sessions run from 9:30 a.m. to 11:30 a.m.
• Evening sessions run from 5:30 p.m. to 7:30 p.m.

• For employees with at least five years of service (vested) and ten or more years until retirement eligibility.
• Speakers include MOSERS and MO Deferred Comp.
• Sessions last approximately 2.5 hours.
• Daytime sessions are held from 9:30 a.m. to noon.
• Evening sessions are held from 5:30 p.m. to 8:00 p.m.

Stay up to date and visit our Education page frequently for more information, including schedules and how to register.

Annual Benefit Statements for active members are available online. Employees can access their statements by logging in to myMOSERS, clicking on Online Documents, and then Document Express. From there, they can download and save or print it.

Now is a good time to encourage your employees to review their Annual Benefit Statement. A significant part of their total compensation is represented through the value of the benefits they receive as a state employee, including:

• Their MOSERS defined benefit pension plan
• Healthcare benefits
• Life insurance
• Long-term disability insurance
• The MO Deferred Comp Plan contribution match
• Paid time off such as annual leave, sick leave, and holidays

Employees who work in a retirement-eligible position and become vested will be eligible for a lifetime monthly benefit once they meet retirement eligibility. Their MOSERS defined benefit pension is guaranteed income in retirement for the rest of their life! The estimated monthly benefit highlighted on their Annual Benefit Statement is calculated based on a formula, which includes their years of service and final average pay. The longer they work, the higher their benefit!

CURP Overview - March 2024

CURP Transfers to MOSERS flyer - March 2024

Your Guide to the Colleges & Universities Retirement Plan - March 2024

General Employees' Retirement Handbook (MSEP, MSEP 2000, MSEP 2011) - March 2024

April is MOSERS Month!

Updates Coming Soon to the Employer Web Pages!

Hour Tracking for Non-Benefit-Eligible Employees

Stay Up to Date with Status Change Form Submissions

Important Reminders About Terminations