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  • myMOSERS Account Security

    Oct 25, 2024, 11:35 AM By MOSERS
    Is there a way to enable two-factor authentication (2FA) on the MOSERS website?
    We don’t currently utilize two-factor authentication on the MOSERS website. Members can log in to access their benefit information through myMOSERS, our secure online portal. This portal utilizes enhanced user authentication and helps protect against unauthorized access to your pension information.

    To improve the security of your personal information, our new pension administration system will require multi-factor authentication (MFA) when you log in to myMOSERS. This means you will need to provide your password and an additional layer of verification, such as using an authenticator app or confirming your identity through a text message or email. We will provide members with more information as we get closer to rolling this out.

    See the Keep Your Account Secure article and visit the myMOSERS Help Center to learn more about how we protect your personal information.
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  • How is the Benefit Formula Calculated?

    Oct 24, 2024, 3:27 PM By MOSERS
    Can you please send information on how the retirement is calculated?

    For general state employees, MOSERS uses a three-part formula to calculate your monthly base benefit. This formula, as defined by law, includes the following factors:

    • Final Average Pay (FAP) – The average of your highest 36 consecutive months of compensation.
    • Multiplier – A number 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).
     

    Examples - Using the multiplier for MSEP 2000 or MSEP 2011 retirees:

    $3,000 (FAP) x 0.017 (Multiplier) x 15 years (Credited Service) = $765 monthly base benefit

    $3,500 (FAP) x 0.017 (Multiplier) x 17.5 years (Credited Service) = $1,041.25 monthly base benefit

    $4,000 (FAP) x 0.017 (Multiplier) x 30 years (Credited Service) = $2,040 monthly base benefit

    $_____ (FAP)   x   ____ (Multiplier)   x    ____ years (Credited Service)   =   $_______ monthly base benefit

    *Base benefit is the amount before any reductions, taxes, or other deductions.

    Learn more about the benefit formula breakdown in the Summary of Plan Benefits and by plan on our website: MSEP, MSEP 2000, and MSEP 2011.

    You can also generate a benefit estimate by logging in to myMOSERS or contacting a MOSERS benefit counselor.

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  • Which retirement plan do I fall under?

    Sep 24, 2024, 8:53 AM By MOSERS

    I hired on in March of 2000. I cannot remember which retirement plan I fall under. 

    In general, if you were employed in a benefit-eligible position with the state of Missouri prior to July 1, 2000, and remained employed until vested in MSEP, then you are a member of MSEP. At retirement, you may elect to retire under MSEP or MSEP 2000.

    See the What’s My Plan? tool for information about plan membership, retirement eligibility requirements, and more!

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  • Annual Benefit Statements

    Feb 8, 2023, 7:56 AM By MOSERS

    When will the 2022 Annual Benefit Statements be available?

    We send Annual Benefit Statements in March to all active members. You can access last year’s statement by logging in to myMOSERS, clicking on Online Documents, and selecting Document Express. It is available to print or save as a PDF. Once all 2023 statements are sent, we will send you an email and you will be able to access this year’s statement by logging in to myMOSERS. If you have opted to receive paper notifications, we will mail your statement to you. Please be sure your email address and mailing address is up to date with us!

    Retirees get their Annual Benefit Statement each year on the anniversary of their retirement date or BackDROP date. We send benefit statements to elected officials and members on LTD in July, and we send statements to vested former state employees once every 5 years. 

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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.