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  • Monthly Pension Benefit Formula

    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

    Learn more about your benefits in the Summary of Pension Benefit Provisions (All Plans) and by plan on our website: MSEP, MSEP 2000, and MSEP 2011.

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  • Updates to your mailing address

    Nov 1, 2021, 11:52 AM By MOSERS
    My personal information is up to date, but when I pull up a report of my pay, it has my old address on it.

    You can change your mailing address by logging in to myMOSERS. Select Personal Information then click Update Personal Information. You can also make changes to your email address and phone number(s). Updates to email addresses become effective by the next working day. If you wish, you may choose a future date (up to 3 months ) for other changes to become effective. If you are unable to do so online, please contact a MOSERS benefit counselor, who would be happy to assist you.

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  • Authorization to Release Information form

    Oct 21, 2021, 11:47 AM By MOSERS
    What is the purpose of the "Authorization to Release Form" ? 

    The Authorization to Release Information form gives us your permission to share or discuss your benefit information with someone else. You may amend or revoke it at any time. You can also set it up to automatically revoke after 90 days. You may submit it at any time by logging in to myMOSERS. During the retirement process, we encourage you to submit this form but it is optional.

    Common Reasons to Complete this Form

    • Another Person Takes Care of Your Finances - Some members prefer to have a spouse, other family member, advisor, or some other trusted person assume the responsibility for getting information from MOSERS about their benefits either because that person is well versed in such matters or because it is simply easier for that person to understand or get the information in person, over the phone, or via email.
    • Housing - If you move, your new housing provider may require proof of your income.
    • Military Leave or Other Extended Absence - If you will be away from home for an extended period of time, you may wish to authorize another trusted person to be able to get information from MOSERS on your behalf.
    • Change in Marital Status - If you previously completed an Authorization to Release Information form and later get married, divorced, remarried, or have another life event, you may want to consider completing and submitting a new form.
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  • Normal Retirement Eligibility Requirements

    Oct 20, 2021, 2:17 PM By MOSERS
    An employee where I work is 61 and has worked for the state for 12 years.  For whatever reason, they decided to take early retirement November 1.  They are telling everyone they are eligible to retire November 1 with their "80 and out."  How is this possible if their age and years of service only add up to 73?  Wouldn't they be taking a big cut in their retirement benefits by retiring now?

    It is possible this employee may have prior state service or may have purchased or transferred service in order to meet the requirements for “80 and Out” or they may be misstating or misunderstanding the terminology. Also, it is important to remember that, in order to retire, members are not required to have age and service equal 80 (or 90 for MSEP 2011) if they meet another set of age and service requirements first. If you or your co-workers have any additional questions about retirement eligibility, see the requirements and click on the plan information below or contact a MOSERS benefit counselor.  

    NORMAL (UNREDUCED) RETIREMENT ELIGIBILITY  REQUIREMENTS:

    MSEP Members

    • Age 65 + 5 years of service or
    • Age 60 + 15 years of service or
    • “Rule of 80” – (at least age 48) when age + years of service = 80 or more

     

    MSEP 2000 Members

    • Age 62 + 5 years of service or
    • “Rule of 80” – (at least age 48) when age + years of service = 80 or more

     

    MSEP 2011 Members

    • Age 67 + 5 years of service or
    • “Rule of 90” – (at least age 55) when age + years of service = 90 or more at time of termination

     

    EARLY (REDUCED) RETIREMENT ELIGIBILITY  REQUIREMENTS:

    If you elect early retirement, your base benefit will be reduced by one-half of one percent (0.005) for each month your age at early retirement is younger than your normal retirement age.

    MSEP: Age 55 with 10 years of service

    MSEP 2000: Age 57 with 5 years of service

    MSEP 2011: Age 62 with 5 years of service

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  • Changing Your Name After Retirement

    Oct 19, 2021, 1:27 PM By MOSERS
    I got married and need to change my name. How do I go about doing that?

    Any member who is currently receiving a pension benefit of any kind or who is an inactive-vested member must submit proof to change their name or marital status.

    Proof of name change is required:

    • For any member when applying for retirement or after retirement if the name or information provided on the retirement application or other form differs from our records.
    • For any member when applying for a refund of employee contributions.
    • For any beneficiary applying for survivor or remaining guaranteed payments.

    For proof of name change and marital status, we can accept a divorce decree or a marriage certificate.

    We accept documents of proof in the format of photo or electronic copy. You can mail, e-mail, upload through myMOSERS account, or fax them to us.

    If you have additional questions, please contact a MOSERS benefit counselor at (800) 827-1063 or (573) 632-6100.

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  • Changing Your Name

    Oct 18, 2021, 9:41 AM By MOSERS
    I need to change my name - I got married. How do I do so? Thanks!!

    If you are currently an active state employee, you do not have to provide any documentation for these changes. Just contact a MOSERS benefit counselor at (800) 827-1063 or (573) 632-6100 so that they can verify your identity and update your name in our system.

    However, any member who is currently receiving a pension benefit of any kind or who is an inactive-vested member must submit proof to change their name or marital status.

    Proof of name change is also required:

    • For any member when applying for retirement or after retirement if the name or information provided on the retirement application or other form differs from our records.
    • For any member when applying for a refund of employee contributions.
    • For any beneficiary applying for survivor or remaining guaranteed payments.

    We accept documents of proof in the format of photo or electronic copy. You can mail, e-mail, upload through myMOSERS account, or fax them to us.

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  • View Your Beneficiaries

    Aug 9, 2021, 8:48 AM By MOSERS
    I attempted to locate who my contingent beneficiaries are on my life insurance and could not figure out how to do this. Please tell me what steps I need to take. Thank you.

    To view your beneficiary designations, log in to myMOSERS. Click on Personal Information then Life Insurance. To update beneficiaries, complete and submit the  Designation of Life Insurance Beneficiaries form (“Life Ins Beneficiaries” from the Forms drop-down menu).

    If you are an active member of MSEP 2011 or the Judicial Plan 2011, you should also complete and submit the Contribution Beneficiaries form for your employee contributions.

    If you cannot log in to submit the forms online, contact a MOSERS benefit counselor to request paper forms, which we will mail to your home address.

    If you participate in the state’s deferred compensation program, you may want to update your beneficiaries with MO Deferred Comp, as well. 

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  • Updating Your Mailing Address

    Aug 6, 2021, 2:05 PM By MOSERS
    I HAVE JUST MOVED, WHERE ON WEBSITE TO I CHANGE MY ADDRESS THANK YOU

    You can change your mailing address by logging in to myMOSERS. Select Personal Information then click Update Personal Information. You can also make changes to your email address and phone number(s). Updates to email addresses become effective by the next working day. If you wish, you may choose a future date (up to 3 months ) for other changes to become effective. If you are unable to do so online, please contact a MOSERS benefit counselor, who would be happy to assist you.

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  • Last working day before retirement

    Jul 26, 2021, 10:46 AM By MOSERS

     I'm retiring Aug. 1st. Is there a rule that I have to work one more day, even if your are on annual leave. Thank You. 

    MOSERS has no authority over the policies and procedures of an agency in determining onsite requirements when an employee is ending their service. Therefore, we encourage you to talk with your HR staff and/or your supervisor in advance of your retirement to find out about the policies and procedures at your agency.

    Your last day of work as a MOSERS benefit-eligible employee, as reported by your employer, must be at least one day prior to your retirement date with MOSERS. Your retirement date with MOSERS must be on the first day of a month.

    Please see the Ready to Retire page of our website and contact a MOSERS benefit counselor for more information. 

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  • Email Options

    Jun 21, 2021, 8:24 AM By MOSERS
    My wife and I each receive a copy of "Retiree NEWS". We would appreciate receiving only one copy at this address. Thank you. 

    This is something we are working on improving with our new pension administration system. Currently, in order to only receive one copy per household, one of you will need to opt in to receive all notices electronically. (Note: Doing so will result in that person receiving nearly all of their correspondence from MOSERS online – not just RetireeNews.) Start by logging in to myMOSERS, selecting Personal Information then Email Options. From there you can opt in to electronic notices. 

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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.