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Rumor Central

Hearing Rumors? Not sure your co-worker has it right?

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  • Deductions From Monthly Benefit Payments

    May 19, 2020, 3:45 PM By MOSERS
    I would like particular deductions currently coming out of my paycheck to keep being deducted from my retirement benefit. Is this allowed? If yes, who do I contact to keep this continuing?

    If applicable, the following deductions may be withheld from your monthly benefit payment:

    • Missouri income tax as specified on your W-4P (tax withholding form)
    • Federal income tax as specified on your W-4P (Without this form, we are required to withhold federal taxes as if you are married claiming three allowances.)
    • MOSERS optional life insurance premium
    • Aflac insurance premium
    • Missouri Consolidated Health Care Plan (MCHCP) premium
    • Department of Conservation’s health and life insurance premium(s)
    • Miscellaneous deductions such as vision and dental insurance and Missouri State Employees Charitable Campaign (MSECC) contributions

    With Aflac and MSECC, you must contact those organizations directly, then they will send us a notice to withhold the appropriate deductions. Otherwise, whether you retire online, or on paper, we will provide you with the required forms for these deductions. Be sure to review our Retirement Guide, which explains why and how to complete various forms at retirement.

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  • MOSERS Covered Employers

    May 19, 2020, 9:50 AM By MOSERS
    Is there a list of employers that use Mosers? I am concerned my position my be eliminated and if it does I would like to find an employer that has Mosers. Thank you
    Thank you for your question, please review the full list of MOSERS covered employers.
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  • Unemployment Eligibility

    May 7, 2020, 4:46 PM By MOSERS
    I receive a small monthly early retirement but am still working. I may soon lose my job for a while due to covid 19. Will I be eligible for unemployment as I am receiving a small benefit. I couldn't find an answer to this question anywhere.

    We are sorry, but we can’t advise you on unemployment information or eligibility. We suggest that you reach out to your current employer or HR department for information and that you contact the Missouri Department of Labor and Industrial Relations with questions and to file for unemployment.

    We can provide you with benefit verification information if you need it for your unemployment claim. You can get it by contacting a MOSERS benefit counselor or by logging in to myMOSERS. Once logged in, click on Personal Information, then go to Benefit Verification. Once you indicate you want the benefit verification letter, go to Online Documents in the main menu, then click on Document Express from the drop-down menu. From there, you can print it or save it as a PDF.

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  • Annual Benefit Statements Delayed

    May 4, 2020, 9:24 AM By MOSERS
    When will the 2020 Annual Benefit Statement be available or did I miss it?
    In early March, we were able to get Annual Benefit Statements sent out to our members who work for the Department of Conservation or for a state university. Unfortunately, due to the pandemic, we had to postpone sending them to other members. However, we plan to start producing statements again late next week. All active members should receive their 2020 Annual Benefit Statements by mid-May. Please watch for an email from us letting you know you have something in your Document Express online mailbox.
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  • Early Retirement Incentive

    May 1, 2020, 1:07 PM By MOSERS

    We have received many questions regarding this topic and have posted them below.

    I am a state employee with nearly 21 years of service with approximately 7 years remaining, with this unprecedented damage to the economy and the likely subsequent budget shortfalls is there currently any consideration for incentives or might there be for current state employees to leave service early? I wasn’t sure whom to direct this question to but thought it might be within your sections purview.

    Due to the COVID-19 pandemic, revenues have fallen and the State Legislature is looking for ways to trim the State budget. One such way is to reduce the number of State employees. Has there been suggestions to incentivize eligible state employees to retire by offering to pay health insurance at the active employee rate until they reach Medicare eligibility?

    I have heard there is going to be another buyout/early retirement package offered like there was a number of years ago to help with the state's budget shortfall due to COVID-19. Any truth to that?

    During the Governor's press conference he mentioned the possibility of offering an early retirement incentive as part of the effort to balance the budget. Is there any information available on this yet?

    An early retirement incentive and/or another buyout would require legislative authorization. We are not aware of any legislative proposals that have been offered at this time to provide either for general state employees. You can follow any bills affecting MOSERS on our Legislation page. May 15, 2020 is the last day of the current legislative session. 

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  • State Revenues Affecting BackDROP?

    Apr 24, 2020, 4:40 PM By MOSERS
    The rumor is that MOSERS will cut my backdrop and possibly even monthly payments because the State of Missouri will go bankrupt by 1 July 2020. Therefore, I should retire before 1 July 2020 to get my full backdrop. If I wait until my planned retirement in May 2021, the backdrop will surely be gone. Is this rumor true in whole or part? Should I retire before 1 July 2020 to play it safe?

    First, thank you for your many years of service. Your MOSERS pension benefits, including both your monthly benefit and the BackDROP lump-sum option, are all based on state law. The amount of your monthly benefit is calculated using a formula based on your salary and service. It will not go up or down with the financial markets. Any changes to state employee benefits would require a legislative change by the General Assembly and would be vetted through that process. We are not aware of efforts by lawmakers to make such changes. When any changes are made to benefits, they typically affect future employees, not existing employees.

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  • Updating Your Preferences

    Apr 23, 2020, 10:52 AM By MOSERS
    I would like to receive paper versions of my Mosers materials  

    You can verify or update your mailing preferences, address, email, and phone number while logged in. Go to www.mosers.org and click on myMOSERS. Under Personal Information, click on Email Options to change your preferences.

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  • COVID-19's Effect On MOSER'S Investments

    Apr 7, 2020, 9:13 AM By MOSERS
    Will the serious losses in the stock market & all the job losses (lay-offs) due to the Coronavirus CVID – 19 pandemic cause eventual cuts in pension benefits? MOSERS is well diversified, but EVERY company’s stock has lost big money so diversification would not matter. High unemployment means the state is $millions short in tax revenue to pay their bills. If the state is forced to make a smaller annual contribution to MOSERS + MOSERS stock market losses = cuts in retiree monthly benefits? Thank U

    No, as a retiree or survivor, your MOSERS retirement benefit will not be cut due to financial market losses or decreased state revenue. Your benefit does not go up or down based on economic factors. For general state employees, it is calculated using this formula:

    Final Average Pay x Multiplier x Credited Service = Monthly Base Benefit.

    These are difficult times and we can certainly understand your concerns. Ultimately, your benefits are an obligation of the state and they are secure. We encourage you to see the question about MOSERS’ Investments on March 17 on Rumor Central for more information on MOSERS’ funding. We will also be sending out a special edition of A Moment With MOSERS with executive director Ronda Stegmann also addressing some of your questions. You can view this video update on our COVID-19 update page

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  • 2020 Annual Benefit Statements

    Apr 7, 2020, 9:03 AM By MOSERS
    Have the 2020 Annual Benefit Statements been mailed out yet?  How do I look the 2020 statement up online?  Thank you.

    It is not currently in your Document Express online mailbox because at this time we have sent Annual Benefit Statements to our college & university members and to Department of Conservation employees only. Due to the COVID-19 state office building closures, including the MOSERS building, we have postponed sending statements to employees of other state agencies. We will resume sending the remainder of Annual Benefit Statements after normal operations resume. Please do not hesitate to contact us with any other questions or concerns.

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  • Updating Personal Information

    Mar 31, 2020, 12:01 PM By MOSERS
    I am retiring effective 04-01-20.  How do I change my Mosers contact information to my home email? 

    You can change your email address by logging into myMOSERS. Select Personal Information then click Update your Personal Information. Please note that updates to email addresses become effective by the next working day. You are also able to make changes to your mailing address and phone number(s). If you wish, you may choose a future date (up to 3 months ) for other changes to become effective. If you are unable to do so online, please contact one of our benefit counselors who would be happy to assist you.

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Disclaimer

We strive to provide the most accurate information possible in our answers to Rumor Central questions. However, occasionally, laws, policies or provisions change and individual circumstances may vary. Please contact a MOSERS benefit counselor or see the handbooks in our website Library for more detailed information. If there is any difference between the information provided in this blog or on the MOSERS website and the law or policies that govern MOSERS, the law and policies will prevail. See our Privacy, Security & Legal Notices for more information.