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  • Deductions From Monthly Benefit Payments

    May 19, 2020, 3:45 PM By MOSERS
    I would like particular deductions currently coming out of my paycheck to keep being deducted from my retirement benefit. Is this allowed? If yes, who do I contact to keep this continuing?

    If applicable, the following deductions may be withheld from your monthly benefit payment:

    • Missouri income tax as specified on your W-4P (tax withholding form)
    • Federal income tax as specified on your W-4P (Without this form, we are required to withhold federal taxes as if you are married claiming three allowances.)
    • MOSERS optional life insurance premium
    • Aflac insurance premium
    • Missouri Consolidated Health Care Plan (MCHCP) premium
    • Department of Conservation’s health and life insurance premium(s)
    • Miscellaneous deductions such as vision and dental insurance and Missouri State Employees Charitable Campaign (MSECC) contributions

    With Aflac and MSECC, you must contact those organizations directly, then they will send us a notice to withhold the appropriate deductions. Otherwise, whether you retire online, or on paper, we will provide you with the required forms for these deductions. Be sure to review our Retirement Guide, which explains why and how to complete various forms at retirement.

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  • Retiree Payment Schedule

    Dec 17, 2018, 8:33 AM By MOSERS

    After a person retires and receive their first retirement check, I am curious to know how will it will be paid out? Will it be monthly, or bi-weekly?

    Retirees are paid once a month, on the last working day of each month. If you enroll in direct deposit during the retirement process, your payment will be transferred electronically on that day. If you receive a paper check, it will be mailed on the last working day of the month. We encourage retirees to participate in direct deposit, since it is faster and more secure than a paper check.

    You can view the Pension Payments page on our website, which we will be updating for 2019 soon.

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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.