Pension Payments Have a Significant, Positive Economic Impact
Each year, we share the Economic Impact Reports with our members to highlight the consistent, positive economic impact that state employee pay and pensions have in our state and local communities. These reports include a count of members, as well as the total amount of active payroll and benefit payments distributed to active and retired members of MOSERS (or their survivors) by legislative districts.
For the fiscal year ending June 30, 2023, MOSERS distributed more than $1 billion in total retirement and survivor benefit payments. Most of that money remains in Missouri and goes towards things like basic goods and services in our local communities.
Nearly 90% of retirement and survivor benefits paid by MOSERS remain in Missouri.
The annual pension benefits paid to state retirees provide a steady, continuous, and significant stimulus to Missouri’s state and local economies.