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Feb 19, 2021, 4:50 PM By MOSERSRegarding the new severed employment rule, is the University of Missouri or State Technical College considered part of "the State of Missouri". When can someone who left a position under MOSERS begin interviewing for positions with the University of Missouri or State Tech? Thank you.
As you consider reemployment after leaving your current position, please review the list of MOSERS-covered employers.
The University of Missouri is not a MOSERS-covered employer, so you could begin interviewing with them at any time.
State Technical College of Missouri is a MOSERS-covered employer so you must have a “bona fide termination” with your current employer before reemployment with State Tech or any other MOSERS-covered employer.
For purposes of MOSERS Board Rules, a "bona fide termination" occurs when:
- You have completely severed employment;
- You have not entered into a prearranged agreement (written or oral), prior to retirement, with the State of Missouri or any MOSERS-covered employer for subsequent employment on any basis (full-time, part-time, or other); and
- You are not subsequently employed with the State of Missouri or any MOSERS-covered employer on any basis (full-time, part-time, or other) within 30 days after your employment with your prior employer has ended.
Practically speaking that means you must wait until after your retirement date (the first day of the month in which you begin receiving retirement benefits) to interview with any MOSERS-covered employer. However, you could not be rehired prior to the expiration of the 30-day separation-of-service period.
Example: Let’s say you plan to retire in May. Your last day at work is April 23rd but you take annual leave for the rest of the month until April 30.
- Your “termination date” would be April 30.
- Your “retirement date” would be May 1.
- Assuming you meet the deadlines and complete all the steps for retirement, we would issue your first monthly pension payment on May 31.
In this scenario, you may begin interviewing with other MOSERS-covered employers on or after May 1. You may begin reemployment with a MOSERS-covered employer on or after May 31. Please note, if your reemployment is in a MOSERS benefit-eligible position, your monthly pension payments from MOSERS will stop.
Jun 9, 2020, 10:17 AM By MOSERSAssuming someone is nearing retirement and their salary is at its highest point to date, would there be any difference between a salary reduction or a furlough in terms of how it impacts FAP or MOSERS benefits? And would it make a difference if furloughed employees were allowed to use FMLA or other accrued leave to cover furloughed days?
The impact of a salary reduction or furlough/layoff without pay on retirement benefits depends on the employee’s individual pay history and their service credit relative to retirement eligibility. FAP refers to final average pay and it is one part of the 3-part formula used in calculating retirement benefits:
FAP x Multiplier x Credited Service = Monthly pension benefit payment.
FAP is calculated from the employee’s highest 36-consecutive months of pay, not necessarily their last 36 months of pay. See some FAP calculation examples that illustrate the impact of a salary reduction or a furlough/layoff without pay on FAP and monthly pension benefits. A furlough/layoff without pay may also delay eligibility for retirement since the employee would not be earning service credit.
You should discuss using annual leave or FMLA leave with your Human Resources staff. If you go on paid leave at your current salary or unpaid FMLA leave due to your own illness, it would have no impact on your pension benefits. Payment for unused annual leave, unused sick leave or any other one-time payouts are not considered pay for retirement purposes and are not included in an employee’s highest 36-consecutive months of pay.
If you are close to retirement, we encourage you to contact a MOSERS benefit counselor to discuss your individual situation and options.
May 19, 2020, 9:50 AM By MOSERSIs there a list of employers that use Mosers? I am concerned my position my be eliminated and if it does I would like to find an employer that has Mosers. Thank youThank you for your question, please review the full list of MOSERS covered employers.
May 7, 2020, 4:46 PM By MOSERSI receive a small monthly early retirement but am still working. I may soon lose my job for a while due to covid 19. Will I be eligible for unemployment as I am receiving a small benefit. I couldn't find an answer to this question anywhere.
We are sorry, but we can’t advise you on unemployment information or eligibility. We suggest that you reach out to your current employer or HR department for information and that you contact the Missouri Department of Labor and Industrial Relations with questions and to file for unemployment.
We can provide you with benefit verification information if you need it for your unemployment claim. You can get it by contacting a MOSERS benefit counselor or by logging in to myMOSERS. Once logged in, click on Personal Information, then go to Benefit Verification. Once you indicate you want the benefit verification letter, go to Online Documents in the main menu, then click on Document Express from the drop-down menu. From there, you can print it or save it as a PDF.
Feb 19, 2020, 12:00 AM By MOSERSThe Director of the Missouri Corrections Department has made a statement in meetings and made the statement nobody will retire from Department of Corrections with more than 20 years experience in the Department, it cost the state to much money. I am beginning to believe this statement is true. There has been high ranking, senior experience staff being terminated without cause. Is this fair? In fact a Division Director within the Department was just recently terminated. Is this legal?
We are not a part of employment decisions at individual departments; therefore, we cannot comment on those decisions. However, you may be interested to know that in FY19, the average amount of service for new retirees from the Department of Corrections was 21.87 years, which is similar to the average service of retirees from most other departments.
MOSERS-covered employers, including the State of Missouri, have demonstrated their commitment to providing pension benefits by consistently paying the full amount of employer contributions as determined by the independent actuary and certified by the MOSERS Board. This commitment to funding is key to the long-term sustainability of the System.
Jan 28, 2019, 1:54 PM By MOSERS
My wife also worked for the state of Missouri for 29 years. Her office closed just before she reached 80 and out. A year later she started collecting her state retirement when she turned 51. Does she still get the $5,000 life insurance like I do. I stayed for 35 years and received full backdrop at age 55.
No. Anyone who does not retire directly from state employment ;(within 60 days from their last day of state employment), does not get the automatic $5,000 in basic life insurance coverage at no cost to them.
The state will continue to pay for $5,000 of basic life insurance coverage for life for retirees who meet the following conditions:
- They had basic life insurance coverage as an active employee and did not terminate coverage at retirement.
- They have a MOSERS retirement date that is within 60 days of when they left state employment.
Apr 3, 2018, 3:59 PM By MOSERS
If you are fired from state government, with or without just cause, do you lose your retirement benefits?
No. 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. In general, your benefits will be based on the laws in effect on the day you leave state employment.
See What’s My Plan? with information about plan membership, retirement eligibility requirements, and other plan provisions. 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).
*An exception is if you were fired because you were convicted of a specified felony committed in connection with your job as a state employee on or after August 28, 2014. See Missouri Revised Statute §105.669.
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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.