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. 

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. 

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.

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

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? 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.

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? with information about plan membership, retirement eligibility requirements, and other plan provisions.

No, this is not true. MOSERS administers retirement benefits but we do not have the authority to change plan provisions. Any change to the Rule of 80/”80 & Out” (or any other state employee pension provisions) would require a change in the law. The 2018 regular legislative session ended on May 18th and there were no such proposed changes. Keep in mind that the Rule of 80/”80 & Out” is not the only way to reach normal retirement eligibility.

General state employees become eligible for normal retirement once they meet one of the following sets of age and service criteria:

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

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

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

See What’s My Plan? with information about plan membership, retirement eligibility requirements, and other plan provisions.

If you are vested with MOSERS (you have at least 5 years of service*) and then leave state employment, you will be eligible for a lifetime monthly benefit, which will begin once you meet the age requirement (and all other legal requirements) and retire under a MOSERS defined benefit pension plan.

If you are a general state employee, your retirement benefit is calculated using a three-part formula:

Final Average Pay (FAP)        x            Credited Service         x             Multiplier       =               Monthly Base Benefit  

(The multiplier is determined by your plan; 1.6% for MSEP; 1.7% for MSEP 2000/MSEP 2011.)

General state employees who are in the MSEP are eligible for normal retirement once they meet one of the following sets of age and service criteria:

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

See What’s My Plan? with information about plan membership, retirement eligibility requirements, and other plan provisions.

If you are a member of MSEP and you leave state employment before reaching normal retirement eligibility, you may still retire under “80 & Out” (the Rule of 80). Plan provisions in MSEP allow members who terminate employment to “age into” the Rule of 80. (This does NOT apply to members of MSEP 2000 or MSEP 2011**.) However, keep in mind that leaving state employment before reaching eligibility will likely delay when you reach “80 & Out” and reduce your benefit because you will no longer be accruing service. So, you may have to wait longer to begin receiving a smaller benefit if you leave state employment prior to reaching the Rule of 80.

Keep in mind any of the following may affect your retirement eligibility: your retirement plan (MSEP, MSEP 2011, etc.), age, service, and if you retire directly from active employment versus leaving state government and waiting to retire. Contact a MOSERS benefit counselor to discuss your specific situation. You may also contact a MOSERS benefit counselor to request benefit estimates for various scenarios (including a scenario of leaving employment prior to retirement eligibility).

*The 5-year vesting for MSEP 2011 member went into effect on 1/1/2018, and MSEP 2011 members must be actively employed on or after 1/1/2018 to be covered by this change.

**Plan provisions for MSEP 2000 do not allow members to “age into” the Rule of 80/80 & Out. Plan provisions for MSEP 2011, do not allow members to “age into” the Rule of 90/90 & Out.