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  • Submitting Proof-of-Age

    Mar 14, 2022, 2:50 PM By MOSERS
    How do I submit my proof of age? I uploaded a copy of my passport but the proof of age status is still shown as incomplete. Thanks.

    To establish your eligibility for retirement, you must submit an acceptable proof-of-age and lawful presence document with your retirement application. You can submit one of the following documents:

    • U.S. Birth Certificate (certified with embossed or raised seal issued by state or local government)

    OR a photocopy of one of the following:

    • Valid Missouri Driver’s License or Missouri Nondriver ID

    • U.S. Passport (current or expired)

    • U.S. Certificate of Citizenship

    • U.S. Certificate of Naturalization

    • U.S. Certificate of Birth Abroad

    You can mail in or drop off your birth certificate and we will return it.

    To upload any of the other documents, log in to myMOSERS. Once you are logged in, click Online Documents and then Document Upload.

    Once you upload a document, our staff must process it. Please allow 1-2 business days for it to show as complete in our system.

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  • Retirement Application Due Date

    Jan 21, 2022, 10:04 AM By MOSERS
     How far in advance of retirement do you need to turn in your paperwork?

    There must be one entire month between the date we receive your application and your retirement date. For example, if your retirement date is March 1, your Retirement Application is due no later than January 31 and your Retirement Election Form is due no later than February 28. You can submit your retirement application as early as 4 months (120 days) prior to your retirement date.

    Visit our Ready to Retire page to view the table showing all due dates. You can also find the due dates on p. 6 of the Retirement Guide along with step-by-step instructions for the retirement process. We also encourage you to participate in a Ready to Retire Webinar or Seminar

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  • Benefit Formula Breakdown

    Dec 16, 2021, 10:16 AM By MOSERS
    I have a new supervisor and she is curious on how to give staff the correct information about how Moser's comes up with retirement amounts to be paid. Could you send me the information on how this is figured out like a step-by-step so she will be able to answer some of the questions she will be getting? Also, would you send me an e-mail of what & when I need to do as far as my retirement? I believe I can retire Nov. 1, 2023.

    This is a great question. Below is a breakdown of the benefit formula.

    If you are a general state employee (including college and university employees), when you apply for retirement, your monthly base benefit* is calculated using a formula, as defined by law, that takes into account the following factors:

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

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

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

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

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

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

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

    There is also the Temporary Benefit, which is available if you retire under the "Rule of 80" (MSEP 2000) or the "Rule of 90" (MSEP 2011), and it provides you with an additional benefit until age 62 along with your base benefit. The formula for the Temporary Benefit is: Final Average Pay (FAP) x .008 (Multiplier) x Credited Service. At age 62, it ends but your base benefit continues.

    You can log in to myMOSERS to generate a benefit estimate or contact a MOSERS benefit counselor. 

    Since you are only two years from retirement, we encourage you to attend a Ready to Retire session to learn about the process. Registration is now open for 2022 sessions. Log in to myMOSERS to sign up. You can also contact a MOSERS benefit counselor to make a 1-on-1 appointment. Check out our Ready to Retire page and the Retirement Guide for more information.  

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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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  • 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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  • PreRetirement Enrollment

    Feb 19, 2020, 12:00 AM By MOSERS
    When will the enrollment for the April 2021 and May 2021 pre-retirement seminars become available?

    The 2021 schedule for MSEP & MSEP 2000 seminars as well as MSEP 2011 seminars and webinars will be available online in mid-December of  2020. 

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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.