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  • Understanding Available Retirement Dates

    Jan 20, 2021, 9:32 AM By MOSERS

    I am in a MOSERS eligible position actively employed. When I do my retirement calculator to analyze my options, the retirement dates "default" to the next month. Out of curiosity, why does this occur? Thanks for providing the opportunity to ask and appreciate any input you may be able to provide.

    When you log in to myMOSERS to generate a benefit estimate or to retire online, our system will display your “Next Available Retirement Date(s)”. This may be a future date, even if you were already eligible for retirement. This is because there is a deadline for getting your retirement application in. If you don’t submit an application by the deadline for a given month, the system automatically rolls forward to your NEXT available retirement date.

    For example, if you were initially eligible to retire on January 1 but didn’t apply, then you logged in to myMOSERS, in February, you would see a retirement date of April 1. Again, the reason for this is to retire on April 1, you need to apply by February 28. See the chart showing deadlines on our Ready to Retire page. You may apply for retirement up to 120 days prior to your retirement date. Please see the Retirement Guide or contact us if you have any questions about the retirement process. 

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  • Retiring Online

    Jan 15, 2021, 2:29 PM By MOSERS
    I need to fill out a Retirement application form.  How do I do that?  I read that there is no form, that each on is individualized.  So, where do I begin?  Thank you!

    The easiest and most convenient way to apply for retirement is online. Complete both steps in the two-step retirement process all at once or leave and come back later. Log in to myMOSERS. From there, select Retire Online. The step-by-step instructions will guide you through the online retirement process. For more information, please see our quick video, Retire Online, or our Applying for Retirement web page.

    If you choose not to retire online, please contact a MOSERS benefit counselor to request a personalized paper Retirement Application.

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  • Annual Benefit Statement

    Nov 24, 2020, 4:01 PM By MOSERS
    I was wondering if MOSERS had some type of packet where we could put all of our MOSER info (retirement, deferred comp and life insurance) all in one packet so that if we die our family would know everything they need to get the benefits. 

    This is a great question! We would encourage you to see your Annual Benefit Statement, as it displays all of your current benefit information in one document.

    We send this annually in March to all active members but you can access it anytime by logging into myMOSERS. Here, it is available to print out or save as a PDF, which you can share with trusted loved ones or family members.

    Retirees get their Annual Benefit Statement each year on the anniversary of their retirement date or BackDROP date. We send benefit statements to vested former state employees once every 5 years. 

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  • Virtual Benefit Counseling

    Aug 7, 2020, 3:35 PM By MOSERS
    My friend found it very beneficial to meet with a MOSERS representative before she retired. I trying to decide when to retire and which plan to use. Are you still making in-person appointments? Can an appointment be done in zoom?
    Yes, we offer online counseling sessions. Check out our article on how to schedule a Virtual Benefit Counseling session! 
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  • Annual Benefit Statements Delayed

    May 4, 2020, 9:24 AM By MOSERS
    When will the 2020 Annual Benefit Statement be available or did I miss it?
    In early March, we were able to get Annual Benefit Statements sent out to our members who work for the Department of Conservation or for a state university. Unfortunately, due to the pandemic, we had to postpone sending them to other members. However, we plan to start producing statements again late next week. All active members should receive their 2020 Annual Benefit Statements by mid-May. Please watch for an email from us letting you know you have something in your Document Express online mailbox.
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  • Early Retirement Incentive

    May 1, 2020, 1:07 PM By MOSERS

    We have received many questions regarding this topic and have posted them below.

    I am a state employee with nearly 21 years of service with approximately 7 years remaining, with this unprecedented damage to the economy and the likely subsequent budget shortfalls is there currently any consideration for incentives or might there be for current state employees to leave service early? I wasn’t sure whom to direct this question to but thought it might be within your sections purview.

    Due to the COVID-19 pandemic, revenues have fallen and the State Legislature is looking for ways to trim the State budget. One such way is to reduce the number of State employees. Has there been suggestions to incentivize eligible state employees to retire by offering to pay health insurance at the active employee rate until they reach Medicare eligibility?

    I have heard there is going to be another buyout/early retirement package offered like there was a number of years ago to help with the state's budget shortfall due to COVID-19. Any truth to that?

    During the Governor's press conference he mentioned the possibility of offering an early retirement incentive as part of the effort to balance the budget. Is there any information available on this yet?

    An early retirement incentive and/or another buyout would require legislative authorization. We are not aware of any legislative proposals that have been offered at this time to provide either for general state employees. You can follow any bills affecting MOSERS on our Legislation page. May 15, 2020 is the last day of the current legislative session. 

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  • Updating Personal Information

    Mar 31, 2020, 12:01 PM By MOSERS
    I am retiring effective 04-01-20.  How do I change my Mosers contact information to my home email? 

    You can change your email address by logging into myMOSERS. Select Personal Information then click Update your Personal Information. Please note that updates to email addresses become effective by the next working day. You are also able to make changes to your mailing address and phone number(s). 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 one of our benefit counselors who would be happy to assist you.

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  • Reduced Benefit

    Mar 17, 2020, 4:16 PM By MOSERS

    I am in MSEP11 and have vested.  I may leave service at 65, but not retire until my normal retire age of 67.  Will I still receive a reduced benefit?

    No, your benefit will not be subject to reduction if you are vested, leave service, then retire at age 67. (The reduction you are referring to is for “early retirement” and is a reduction of ½ of 1% (.005) off your base benefit for each month your age is younger than normal retirement.)

    However, if you continue working until you are 67, then your benefit would ultimately be higher because you would have more service. When you apply for retirement, your base benefit will be calculated using a formula that takes into account your final average pay and your credited service. For a more in-depth look at which option may be best for you, we encourage you to use our Comparison Calculator to compare various scenarios over time or contact one of our benefit counselors.

    Benefit counselors are available:

    Monday - Friday
    8:00 am - 12:00 pm
    1:00 pm - 4:30 pm

    Contact Us:

    (800) 827-1063 toll-free
    (573) 632-6100 in Jefferson City

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  • MSEP 2000 Retirement Eligibility

    Jun 12, 2018, 8:14 AM By MOSERS

    i started working for the state at the age of 51 I started in dec 2010 I want to retire at the age of 62 but I won't have 80 and out, will I still get my state check even if I don't have 80 and out?

    Yes, you may be eligible for retirement at age 62 even if your age and service don’t add up to 80. The Rule of 80 (also known as “80 & Out”) is not the only way to meet retirement eligibility. If you first worked in a MOSERS benefit-eligible position in 2010, you are a member of the MSEP 2000. The other way to meet normal (unreduced) retirement eligibility in the MSEP 2000 is to be at least age 62 with at least 5 years of service. Visit our Ready to Retire page to learn about the 2-step retirement process, which you must complete to begin receiving monthly retirement payments.

    For more information:

    • See What’s My Plan? (bottom of the MOSERS website homepage) with information about plan membership, retirement eligibility requirements, and other plan provisions.
    • You can contact a MOSERS benefit counselor to discuss your specific situation and they can provide you with a retirement benefit estimate.
    • When you are within 5 years of retirement eligibility, it is helpful to attend a free Ready to Retire/PreRetirement Seminar.
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  • MSEP 2011 Legislative Changes from 2017

    May 31, 2018, 11:33 AM By MOSERS

    Correction Officers have been hearing that the State of Missiouri Retirement System is bringing back the "80 and out" rule or 80/80 and the Employee is vested after 5 years of service?

    For members of MSEP 2011 who are actively employed on or after 1/1/2018, yes, the vesting requirement did change to 5 years, effective 1/1/2018. This change was part of Senate Bill 62, which was passed during the 2017 legislative session. The changes were summarized on our legislative page.

    However, requirements for retirement eligibility were not changed. Members of MSEP 2011 reach normal retirement eligibility when they have at least 5 years of service and are age 67 or under the “Rule of 90”. Under the “Rule of 90”, they must be at least age 55 and their age plus years of service equal 90 or more. For example, if someone is age 60 and has 30 years of service, they would meet the Rule of 90.

    Not sure if you are in MSEP, MSEP 2000, or MSEP 2011? See What’s My Plan? (bottom of the MOSERS website homepage) with information about plan membership, retirement eligibility requirements, and other plan provisions.

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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.