The General Assembly appropriated more than $864 million to the Office of Administration in House Bill 2005 to pay the required employer contribution payments to MOSERS in State Fiscal Year 2027 to fund the MSEP, the Judicial Plan, life insurance premiums, and long-term disability premiums. The bill also appropriated $11.6 million to fund the deferred compensation employer match of up to $25 per month (with a minimum contribution of $25 per month).

Senate Bill 1572 was truly agreed to and finally passed on the last day of the legislative session. The bill adds additional methods for collecting overpayments and allows the automatic refund of contributions of $1,000 or less for certain former employees who are MSEP 2011 members. The bill also authorizes the MOSERS Board to establish a buyout program for qualifying members on or after January 1, 2027.

Visit our Legislation page to learn more and follow bills potentially affecting MOSERS.