Vesting
5 years of service in a benefit-eligible position
Employee Contributions
None
Early Retirement Eligibility
Reduced Benefit
Reduced Benefit
Age 57 with 5 years of service - base benefit reduced 1/2 of 1% (.005) for each month your age is younger than normal retirement
Normal Retirement Eligibility
Full/Unreduced Benefit
Full/Unreduced Benefit
Age 62 with 5 years of service or
At least age 48 with the sum of your age and years of service equaling 80 or more (Rule of 80)
At least age 48 with the sum of your age and years of service equaling 80 or more (Rule of 80)
Base Benefit Formula
Final Average Pay x Multiplier (0.017) x Credited Service = Monthly Base Benefit
Temporary Benefit
Final Average Pay x Multiplier (.008) x Credited Service = Monthly Temporary Benefit. The Temporary Benefit stops at age 62. Temporary benefit is available only to members who elect normal retirement under the Rule of 80.
BackDROP
You must work at least 2 years beyond normal retirement eligibility to be eligible for BackDROP. At retirement, you will make BackDROP elections.
Cost-of-Living Adjustment (COLA)
You will get an annual COLA in retirement based on 80% of the percentage increase in the average CPI (0-5%).
Vesting
3 full biennial assemblies (6 years of service)
Employee Contributions
None
Early Retirement Eligibility
Reduced Benefit
Reduced Benefit
Not available
Normal Retirement Eligibility
Full/Unreduced Benefit
Full/Unreduced Benefit
Age 55 with 3 full biennial assemblies or
At least age 50 with the sum of your age and years of service equaling 80 or more (Rule of 80)
At least age 50 with the sum of your age and years of service equaling 80 or more (Rule of 80)
Base Benefit Formula
(Active Pay ÷ 24) x Service = Monthly Base Benefit
Temporary Benefit
Not available
BackDROP
Not available
Cost-of-Living Adjustment (COLA)
MOSERS will adjust your benefit based on increases in pay for an active legislator. No other COLAs will be applied.
Vesting
1 full term (4 years of service)
Employee Contributions
None
Early Retirement Eligibility
Reduced Benefit
Reduced Benefit
Not available
Normal Retirement Eligibility
Full/Unreduced Benefit
Full/Unreduced Benefit
Age 55 with 4 years of service or
At least age 50 with the sum of your age and years of service equaling 80 or more (Rule of 80)
At least age 50 with the sum of your age and years of service equaling 80 or more (Rule of 80)
Base Benefit Formula
(Active pay ÷ 24) x Service = Monthly Base Benefit
Temporary Benefit
Not available
BackDROP
Not available
Cost-of-Living Adjustment (COLA)
MOSERS will adjust your benefit based on increases in pay for an active member. No other COLAs will be applied.
General Employees' Retirement Handbook (MSEP, MSEP 2000, MSEP 2011)
Legislators & Statewide Elected Officials' Retirement Handbook
BackDROP for General State Employees (MSEP & MSEP 2000)
Summary of Plan Benefits (MSEP & MSEP 2000)
Purchasing and Transferring Service Guide for MSEP 2000 Members
Tax-Free Rollover Certification Form Purchase or Transfer of Service Credit
MOSERS-Covered Employers (most state departments, agencies, regional colleges & universities)
Log in to myMOSERS to retire online or contact a MOSERS benefit counselor to request a personalized retirement application.