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  • 2020 Annual Benefit Statements

    Apr 7, 2020, 9:03 AM By MOSERS
    Have the 2020 Annual Benefit Statements been mailed out yet?  How do I look the 2020 statement up online?  Thank you.

    It is not currently in your Document Express online mailbox because at this time we have sent Annual Benefit Statements to our college & university members and to Department of Conservation employees only. Due to the COVID-19 state office building closures, including the MOSERS building, we have postponed sending statements to employees of other state agencies. We will resume sending the remainder of Annual Benefit Statements after normal operations resume. Please do not hesitate to contact us with any other questions or concerns.

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  • Replacement 1099-R

    Mar 30, 2020, 4:10 PM By MOSERS
    I am needing a copy of form for my taxes to give to my accountant.  What do I do? It came in the mail but I can not find it at this time.  Is there a place I can get a copy?
    You can find a replacement copy of your 1099-R form by logging into myMOSERS. You will find it under Personal Information and available for you to print.
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  • 1099-R Forms Have Been Mailed

    Feb 7, 2020, 8:26 AM By MOSERS

    When will 2020 Tax Forms come out or I can get it online?

    1099-R forms have been mailed! For immediate access to your 1099-R, or if you find you need a replacement copy of it, log in to myMOSERS. You will find your 1099-R under Personal Information and available for you to print.

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  • 2019 Tax Forms

    Jan 14, 2020, 8:40 AM By MOSERS

    When will our tax forms be ready to view on website?

    We will mail 1099-R tax forms to all benefit recipients by January 31 and will post information to the News section of our website once they have all been mailed. You will be able to access your 1099-R through myMOSERS after they have been mailed.

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  • Public Plan?

    Mar 19, 2019, 4:03 PM By MOSERS

    Is MOSERS a public or private pension plan?

    MOSERS is a public defined benefit (DB) pension plan so the benefit you receive through MOSERS is considered a public pension. As long as you reside in Missouri, your retirement benefits are subject to Missouri state income tax and federal tax. You may also be interested in information we have posted about the Missouri state tax Public Pension Exemption.

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  • Tax Information for Retirees

    Jan 28, 2019, 2:26 PM By MOSERS

    If you are receiving a retirement check from the state of Missouri are you required to claim it on your state tax income tax return as income?

    Yes, you are required to claim your MOSERS benefits on your state taxes if you are a Missouri resident. (If you are not a Missouri resident, contact your state department of revenue or a qualified tax advisor for the answer to this question.) Below is some additional information that MOSERS retirees often need when filing their taxes:

    1. MOSERS is a public defined benefit (DB) pension plan and the benefit you receive through MOSERS is considered a “public pension”.
    2. MOSERS withholds state taxes only for Missouri residents.
    3. As long as you reside in Missouri, your retirement benefits are subject to Missouri state income tax and federal tax. However, you may qualify for the Missouri state tax Public Pension Exemption on your Missouri state tax return.
    4. We have mailed 1099-R tax forms to all retirees/benefit recipients.
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  • BackDROP & State Taxes

    Jan 25, 2019, 4:05 PM By MOSERS

    Does my backdrop withdrawals add to my state pension income which adds to my state taxable income that effects my state tax exemption?

    Yes, the BackDROP distribution is considered taxable income for the year in which you receive the payment unless you roll it over to a traditional IRA or another eligible employer plan, such as MO Deferred Comp. A popular reason to roll the lump-sum payment into the deferred compensation plan is that it allows employees to defer taxes on the payment until those assets are distributed in retirement. There is a helpful publication on MO Deferred Comp’s website called Thinking About the BackDROP?

    Any withdrawal after retirement is taxable in the year of the withdrawal.

    We suggest you speak to a tax professional or financial advisor for advice specific to your situation . For more information about state taxes, or the Missouri State Tax Public Pension Exemption, please contact the Missouri Department of Revenue or go to: www.dor.mo.gov/personal/ptc/pension.php.

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  • Public Pension Exemption

    Jan 23, 2019, 8:57 AM By MOSERS

    Will state pension still be tax exempt for 2018 pension?

    If you are referring to the Public Pension Exemption, we are unaware of any changes to it compared to the previous year. This means that you may not have to pay Missouri state taxes on some or all of your MOSERS pension. See the Missouri State Tax Public Pension Exemption flyer. For more information about taxes, please contact the Missouri Department of Revenue or go to: www.dor.mo.gov/personal/ptc/pension.php.

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  • 1099-R Tax Form

    Jan 23, 2019, 8:44 AM By MOSERS

    We received two questions about 1099-Rs recently:

    1. When will 2018 1099-R be on-line?
    2. Why can I not receive/access my 1099R online? It would seem to me that it would save thousands of dollars.

    You can access an electronic copy of your 1099-R after we have mailed it, which will be by the end of January. Simply log in through myMOSERS to your MOSERS Member Homepage and you will find it listed under Personal Information. Watch our website for more information.

    We appreciate your comment indicating you would be ok getting it online only and that it would save money. We have taken that approach with our other publications and correspondence - based on individual member preference. The 1099-R is one document that we still make available to all retirees both in hard copy and online. The decision to do so is based on our experience with retiree preference and needs. However, we will certainly take your suggestion into consideration for future planning.

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  • Taxes on MOSERS Pension?

    Dec 19, 2018, 10:02 AM By MOSERS

    Your RetireeNews, Fall Winter 2017 states if a retiree lives in Missouri, then Missouri state income tax may be due on the pension. Does this imply that if a retiree is a resident of another state (even one without a state income tax) that the Missouri pension is not taxed by the State of Missouri?

    Each person’s situation may be different and we cannot advise you on your tax liability as it pertains to your MOSERS pension. We suggest you contact the Missouri Department of Revenue and/or a qualified tax advisor about your tax liability.

    MOSERS withholds state taxes only for Missouri residents. If you aren’t a Missouri resident in retirement, contact the appropriate state and local tax authorities to determine the taxability of your MOSERS benefit there. We will mail 1099-R tax forms to all retirees by January 31.

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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.