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Mar 17, 2020, 10:06 AM By MOSERS
Hi, In light of the of the fact that funding for our pension plan ( retired faculty 2005) is 58% tied to investments, I am confident that many of us are deeply concerned about the free-fall of the stock market. Do you folks have any action plans to address this and do you folks plan to put out any statement addressing this crisis?
The MOSERS Board, our leaders, and our professional investments staff are committed to managing MOSERS’ assets in a prudent manner to ensure the security of your benefits and the sustainability of the system.
MOSERS’ investments have been negatively impacted during the first quarter of CY 2020. However, unlike individual retirees, MOSERS invests over a very long-term time horizon. Our portfolio is well-diversified and designed to weather the volatility of the financial markets. Our assumed rate of return is 7.1%. Over the long term (since 1981- first available data) our return average is 9.5%, which includes other major downturns in the market such as in 1987, 2000-2002, and 2008. Each year, an independent actuary evaluates what our funding needs are and our Board certifies an employer contribution rate. The state of Missouri has consistently contributed the full amount that the actuary has determined is needed, which is key to MOSERS’ long-term sustainability.
Ultimately, your benefits are an obligation of the state and they are secure. We encourage you to visit our Funding page to learn more.
Mar 12, 2020, 8:17 AM By MOSERSIs there a way to update information online for beneficiaries w/o having to go through the whole data entry process for all of them?
To update your beneficiary designations, you must first log in to myMOSERS. Complete and submit the Designation/Change of Beneficiaries form (“Life Ins Beneficiaries” from the Forms drop-down menu) for basic and optional life insurance. If you are a member of the MSEP 2011 or the Judicial Plan 2011, you should also complete and submit the Contribution Beneficiaries form for your employee contributions.
We are working on a new system that will allow you to make a simple update without re-entering all information for your beneficiaries, but right now, with our current system, you must start over and re-enter all information about your beneficiaries if you want to update one of them.Visit our Life Events page for more information.
Feb 7, 2020, 8:26 AM By MOSERS
When will 2020 Tax Forms come out or I can get it online?
1099-R forms have been mailed! For immediate access to your 1099-R, or if you find you need a replacement copy of it, log in to myMOSERS. You will find your 1099-R under Personal Information and available for you to print.
Jan 14, 2020, 9:16 AM By MOSERS
Is Rumor Central still an active site? There are no current questions or answers on the site, unless I'm looking in the wrong place.
Thanks for your question – after a brief hiatus for redesign, Rumor Central is back! We just moved Rumor Central to the new MOSERS website. There is now a handy list of topics making it easier to find the information you are seeking. If you don’t find it there, submit your own question. Just click on the orange box in the upper right corner on the Rumor Central page (right above the list of topics). Now that we have gone live with it and the legislative session has started, I’m sure we’ll have many new questions soon.
Also, remember to check our Legislation page during the legislative session for weekly updates, starting at the end of this week.
Jan 14, 2020, 8:40 AM By MOSERS
When will our tax forms be ready to view on website?
We will mail 1099-R tax forms to all benefit recipients by January 31 and will post information to the News section of our website once they have all been mailed. You will be able to access your 1099-R through myMOSERS after they have been mailed.
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- BackDrop (14)
- Board of Trustees (1)
- COLA (13)
- Credited Service (7)
- Death (1)
- Deferred Compensation (1)
- Divorce (1)
- Early Retirement (5)
- Education (5)
- Employee Contributions (10)
- Final Average Pay (7)
- Former State Employee (5)
- Funding (6)
- Leaving State Employment (17)
- Legislation (5)
- Life Insurance (12)
- Long-term Disability (1)
- Medical Insurance (5)
- Military Service (4)
- MSEP (6)
- MSEP 2000 (6)
- MSEP 2011 (10)
- Normal Retirement (23)
- Payday (4)
- Re-employment (13)
- Retirement Process (8)
- Rule of 80 (9)
- Sick Leave (5)
- Taxes (29)
- Temporary Benefit (3)
- Termination (4)
- Travel Assistance (1)
- Universities (1)
- Vesting (4)
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.