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  • 2021 COLA

    Jan 13, 2021, 12:00 AM By MOSERS
    When will we know what the cola will be for 2021?

    We expect to have the data by this Friday and we will post it ASAP.

    COLAs are payable on the anniversary of your retirement date except for:

    • Retirees who converted from MSEP to MSEP 2000 during the conversion window in 2000 will have COLAs payable in July.
    • Retirees who elected a BackDROP will have COLAs payable on the anniversary of their BackDROP date.
    • Terminated-vested members of the MSEP 2011 will receive their first COLA on the second anniversary of their retirement (rather than the first anniversary).

    We will send you a notice, either in the mail or in your MOSERS Document Express online mailbox, during the month when you get your COLA.

    *If you retired under the MSEP, and were hired before August 28, 1997, your COLA may be different. See the MSEP/MSEP 2000 Handbook.

    Please see the COLA page on our website for additional information.

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  • 2020 COLA Determined

    Feb 5, 2020, 3:15 PM By MOSERS
    WHEN WILL WE KNOW WHAT THE COLA FOR 2020 WILL BE (RETIREE)

    The cost-of-living adjustment (COLA) for 2020 is 1.450%. This applies to:

    • All retired members of MSEP 2000 and MSEP 2011
    • MSEP retirees who have reached their 65% COLA cap
    • MSEP retirees first employed on or after August 28th, 1997

    Please see the COLA page on our website for additional information.

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  • State Employee Pay Raises & Retiree COLAs

    Feb 20, 2019, 11:46 AM By MOSERS

    (Note - We have edited the question slightly to clarify it.) If all state employees get a raise, for example, a 3% raise from the legislature, will retired state employees also get a raise?

    No. The two are not connected. A change in active state employee pay has no impact on benefit amounts for retired general state employees (or retired judges).

    However, by law, regardless of whether active state employees get a raise or not, MOSERS retirees receive an annual cost-of-living adjustment (COLA) of 0 - 5%. The amount is based on the increase in the Consumer Price Index (CPI). Retired general state employees (and judges) receive a COLA each year on the anniversary of their retirement date, unless one of the following exceptions apply:

    • Retirees who converted from MSEP to MSEP 2000 during the conversion window in 2000 receive COLAs each year in July.
    • Retirees who elected a BackDROP receive COLAs each year on the anniversary of their BackDROP date.
    • MSEP 2011 members first employed after January 1, 2018 who leave state employment prior to retirement eligibility will receive their first COLA on the second anniversary of their retirement.

    We will send you a notice, either in the mail or in your MOSERS Document Express online mailbox, during the month when you get your COLA. You can find more information about retiree COLAs on our website.

    Additional Note: Legislators and statewide elected officials who took office on or after July 1, 2000 (members of MSEP 2000 or MSEP 2011) may have their benefit adjusted according to the percentage increase in pay for an active legislator or statewide elected official but receive no other COLAs.

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  • COLA This Year?

    Dec 11, 2018, 8:09 AM By MOSERS

    Will there be any COLA this year?

    Every year, we calculate and announce the retiree COLAs in mid-January. We won’t have data for the 2019 COLA until mid-January of 2019 because the information necessary to make that calculation is based on a comparison of changes from 2017 to 2018. The rate calculation is based on 80% of the percentage increase in the average CPI from one year to the next with a maximum increase of 5% (minimum 0%).* We will send you a notice, either in the mail or in your MOSERS Document Express online mailbox, during the month when you get your COLA.

    Watch our website in January for more information. Learn more on the COLA pageand in the upcoming issue of RetireeNew coming in late December.

    * If you retired under the MSEP, and were hired before August 28, 1997, your COLA will be determined based on the annual COLA calculation except that you will receive a minimum 4% COLA (maximum 5%) until accumulated COLAs reach 65% of your initial (or original) benefit. This is called your COLA cap. After your benefit has increased to the COLA cap amount, your COLA will be between 0-5% each year.

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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.