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  • Will Proposed Legislation Affect My Benefit?

    Feb 6, 2024, 3:30 PM By MOSERS
    Based on the Governor's State of the State address, he proposed an increase of wages for state workers. Does that include retirees also? If not, what is MOSERS doing to be included in that increase?
    Any proposed legislation would have to be passed by the House of Representatives and the Senate then signed by the Governor to become effective. We're not currently aware of any proposed legislation that would increase retiree benefits. However, it's important to note that all general state employees receive cost-of-living-adjustments (COLAs) each year as part of the existing plan provisions.
    You can follow bills potentially affecting MOSERS through the legislative process on our website by viewing the 2024 Weekly Legislative Tracking sheet.
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  • Pay Raise and the COLA

    Mar 3, 2023, 4:56 PM By MOSERS

    will we get the gov.parson wage increase for state employees if we are in retirement (retired)

    On Monday, February 27, 2023, Governor, Mike Parson signed supplemental spending bill, HB 14. This bill will implement a cost-of-living adjustment for all active state employees, but it does not apply to retirees. However, all retired general state employees will receive a 5% COLA in 2023.

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  • Extraordinary Payment

    Jul 5, 2022, 2:13 PM By MOSERS
    What is the extraordinary payment approved by the legislature?

    As part of the Fiscal Year 2023 state operating budget, which began July 1, 2022, the General Assembly and Governor Parson approved an extraordinary payment of $500 million to the Missouri State Employees’ Retirement System (MOSERS). This one-time payment will not be used to reduce future employer contributions to MOSERS but, rather, will be used to strengthen the System and increase the funded status of the System over time. This extraordinary payment is in addition to the $610 million annual employer contribution for Fiscal Year 2023 approved by the General Assembly and Governor Parson. The state of Missouri, as the largest MOSERS-covered employer, has consistently contributed 100% of the required annual employer contribution as recommended by the System’s actuarial professionals and certified by the MOSERS Board of Trustees.

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  • Recent Appropriation Bills

    Jun 30, 2022, 3:38 PM By MOSERS

    following up on this rumor:

    Did the version of the bill submitted to the governor include the $25 matching incentive? I'm reading through the text of the bill and it's difficult to tell.

    The General Assembly passed the FY23 appropriation bills on May 6, 2022. This included $34 million to fund a deferred compensation employer match of up to $75 per month (with a minimum contribution of $25 per month). If signed by the Governor, this incentive will go into effect July 1, 2022. To stay up to date on recent legislation, check out our Legislation page. 

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  • Recent Legislation

    May 23, 2022, 4:32 PM By MOSERS

    Did the 2023-24 budget bill sent to the governor contain the amount that the MOSERS board requested for the MOSERS pension fund?

    The General Assembly passed the FY23 state budget on Friday, May 6. This budget will be effective beginning July 1, 2022. Within the FY23 budget, the General Assembly appropriated and fully funded the amount requested by the Office of Administration of $610 million to fund the State’s annual employer contribution to MOSERS. 

    In addition, the General Assembly passed a $500 million one-time extraordinary payment to MOSERS. For more information, visit our Legislation page or view HB 3005. 

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