Hearing Rumors? Not sure your co-worker has it right?
Rumor Central has the answers! Submit your question or just browse our blog to separate facts from fiction.
Subscribe to Rumor Central
Subscribe to receive a monthly email that includes answers to recent Rumor Central questions.
Log in to myMOSERS. Click on Personal Information, then on Email Options. Check the box next to Rumor Central.
Mar 18, 2022, 4:07 PM By MOSERSI will be going to work for a different state agency on March 24. Will I still be able to get on this system to check my things? Do all the contributions I've selected previously stay the same?
It depends on where you transfer to. MOSERS defined benefit pension plan covers most, but not all, state agencies. If you are transferring from a benefit-eligible position with one MOSERS-covered employer to a benefit-eligible position with another MOSERS-covered employer, then yes, you can continue to find the information you need on our website and your personal information by logging in to myMOSERS. This is a nice advantage of working for the state since it gives you so many options.
If you move to an employer not covered by MOSERS, you should contact that retirement system. For example, employees of the Missouri Department of Transportation and the Missouri Highway Patrol are covered by the MODot and Patrol Employees’ Retirement System (MPERS).
If you are referring to your MO Deferred Comp contributions, when transferring to another state agency, your contribution to your deferred compensation account will not be interrupted. However, we recommend that you confirm with your human resources or payroll representative to ensure that all deductions are accurate. To view your deferred comp account for balance and contribution activity, you can either access through the ESS portal or by logging in at www.modeferredcomp.org.
Dec 16, 2021, 10:16 AM By MOSERSI have a new supervisor and she is curious on how to give staff the correct information about how Moser's comes up with retirement amounts to be paid. Could you send me the information on how this is figured out like a step-by-step so she will be able to answer some of the questions she will be getting? Also, would you send me an e-mail of what & when I need to do as far as my retirement? I believe I can retire Nov. 1, 2023.
This is a great question. Below is a breakdown of the benefit formula.
If you are a general state employee (including college and university employees), when you apply for retirement, your monthly base benefit* is calculated using a formula, as defined by law, that takes into account the following factors:
- Final Average Pay (FAP) – The average of your highest 36 consecutive months of compensation
- Multiplier – The multiplier established by the legislature (1.6% or 0.016 for MSEP; 1.7% or 0.017 for MSEP 2000 and MSEP 2011)
- Credited Service – Your years and months of credited service earned, purchased, or transferred, and unused sick leave (if applicable)
* Base benefit is the amount before any reductions, taxes, or other deductions.
Examples - Using the multiplier for MSEP 2000 or MSEP 2011 retirees:
$3,000 (FAP) x 0.017 (Multiplier) 15 years (Credited Service) = $765 monthly base benefit
$3,500 (FAP) x 0.017 (Multiplier) 17.5 years (Credited Service) = $1,041.25 monthly base benefit
$4,000 (FAP) x 0.017 (Multiplier) 30 years (Credited Service) = $2,040 monthly base benefit
$_____ (FAP) x ____ (Multiplier) x ____ years (Credited Service) = $_______ monthly base benefit
There is also the Temporary Benefit, which is available if you retire under the "Rule of 80" (MSEP 2000) or the "Rule of 90" (MSEP 2011), and it provides you with an additional benefit until age 62 along with your base benefit. The formula for the Temporary Benefit is: Final Average Pay (FAP) x .008 (Multiplier) x Credited Service. At age 62, it ends but your base benefit continues.
Since you are only two years from retirement, we encourage you to attend a Ready to Retire session to learn about the process. Registration is now open for 2022 sessions. Log in to myMOSERS to sign up. You can also contact a MOSERS benefit counselor to make a 1-on-1 appointment. Check out our Ready to Retire page and the Retirement Guide for more information.
Nov 2, 2021, 3:06 PM By MOSERS
I would like to ask a question about how re-employment with the State of MO would effect my current retirement plan/pension. I have been away from employment since 2008. If I would be able to attain employment within the next 3-6 months, or so, basically, how does it effect my retirement if I would be employed again with the State of MO, and any other pertinent information for "re-hire" after 13 years?
Retirement benefits for general state employees (including university employees) are calculated using a three-part formula: FAP x Multiplier x Credited Service = Monthly pension benefit payment.
Jun 7, 2021, 8:00 AM By MOSERSSo my husband currently work at MoDot but is thinking about applying for MDOC. Would his retirement, time of service, and 80 and out still apply if he came to work for DOC. He is currently on MPERS. Thank you.
To apply for the transfer of service, if he is a vested member of MSEP, MSEP 2000 or MSEP 2011, once he is hired by the Department of Corrections, he must simply notify MOSERS in writing. He should include his name, Social Security number, and his dates of service under MPERS. We will verify his previous service with MPERS. MPERS will send MOSERS the equivalent amount of employer (state) contributions made for this service. We will send him a notice confirming the transfer when the process is complete. This is a free transfer of service; there is no cost to the member.
If he is not vested, he can transfer his service after one complete year of service under MOSERS. Also, for members of MSEP 2011, the retirement eligibility requirements are different.
If he is looking at other options, you can review the complete list of MOSERS covered Employers on our website. See our Purchasing and Transferring Service Guide for MSEP (Closed Plan) Members or Purchasing and Transferring Service Guide for MSEP 2000 Member for additional service transfer and purchase options.
May 17, 2021, 2:26 PM By MOSERSI would like to buy military time and I would like the forms can you help me. Thank you
As a member of MSEP or MSEP 2000, you may purchase up to four years of active-duty military service credit for service performed prior to last becoming a member of MOSERS. This may include active-duty military training. If you are eligible, please submit the Application to Purchase Active-Duty Military Service. View our Purchasing and Transferring Service Guide for MSEP (Closed Plan) Members or Purchasing and Transferring Service Guide for MSEP 2000 Members for more information. Any purchase of service must be completed prior to when you apply for retirement.
If you have money in your MO Deferred Comp account, as a member of MSEP or MSEP 2000, you can use those funds to purchase prior military service (exception: Roth 457 assets cannot be used to purchase service credit). If you have additional questions about purchasing service, contact a MOSERS benefit counselor. If you have questions about accessing your funds, contact MO Deferred Comp.
May 14, 2021, 8:21 AM By MOSERS
I was wondering what other occupations may qualify towards my retirement?
You can review the full list of MOSERS covered employers to see what state agencies receive our benefits. Generally speaking, an employee must work in a position normally requiring at least 1,040 hours per year to qualify for MOSERS benefits. It is important to note that it is the responsibility of the employer, not MOSERS, to determine if a position is eligible for MOSERS benefits. If you were to go to work for any other MOSERS covered employer in a benefit-eligible position, it would add to your existing state service.
- Service with MODOT or the Missouri Highway Patrol
- Service with a city, county, or public school in Missouri
- Prior military service
Purchasing or transferring service may increase your pension benefit and may make you eligible for retirement sooner. For more information contact a MOSERS benefit counselor and see
Dec 11, 2018, 8:03 AM By MOSERS
My initial State employment was as a part time employee. Do any of those years count towards my years of service when calculating my retirement options?
No, most likely not. The position must be “benefit-eligible”. Part-time positions are usually not benefit-eligible so that service likely does not count for retirement purposes. You will receive service credit only for periods that your employer reports you worked in a benefit-eligible position and for which they made employer contributions to MOSERS.
A position is benefit-eligible if it normally requires the employee to work at least 1,040 hours per year.
If the position meets both requirements, the position is eligible for MOSERS benefits. If not, the position is not eligible for MOSERS benefits. You may contact a MOSERS benefit counselor and they can tell you what service we have on record for you and provide you with benefit estimates.
- 1099-R (12)
- Annual Leave (3)
- BackDrop (16)
- Board of Trustees (1)
- Buyout (3)
- COLA (15)
- Credited Service (7)
- Death (5)
- Deferred Compensation (2)
- Divorce (2)
- Early Retirement (10)
- Education (5)
- Employee Contributions (14)
- Final Average Pay (9)
- Former State Employee (5)
- Funding (9)
- Leaving State Employment (15)
- Legislation (5)
- Life Insurance (12)
- Long-term Disability (2)
- Medical Insurance (5)
- Military Service (4)
- MSEP (4)
- MSEP 2000 (5)
- MSEP 2011 (9)
- Normal Retirement (23)
- Payday (5)
- Re-employment (9)
- Retirement Process (8)
- Rule of 80 (11)
- Sick Leave (7)
- Taxes (30)
- Temporary Benefit (2)
- Termination (8)
- Travel Assistance (2)
- Universities (1)
- Vesting (5)
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.