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Re-employment with the State
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.
For additional information, please see: Ready to Retire and Working After Retirement on our website or contact us to speak with a MOSERS benefit counselor about your particular situation.
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1099-R Replacement
Feb 19, 2021, 9:17 AM By MOSERSI have not received my W-2 and would like it emailed to the email address above.
A W-2 form comes from an employer, not from MOSERS.
MOSERS provides you with a 1099-R tax form. We mailed your 1099-R form on January 21. You can also access it online by logging into myMOSERS You will find it under Personal Information and available for you to print. This form lists your 2020 retirement benefit income from MOSERS. You will need this form to file your income tax return. If you receive more than one benefit from MOSERS, you may receive more than one 1099-R from us. If you are unable to log in to myMOSERS, call us at (800) 827-1063 or (573) 632-6100 and we can mail you a replacement. For security reasons, we cannot email it to you.
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Rule of 90
Feb 10, 2021, 9:21 AM By MOSERSI have had several other state employees tell me the state did away with "90 and out" and have gone back to "80 and out". When I was hired I am under the 90 and out because of my start date. Can you confirm or deny?We are unaware of any legislative proposals related to changing MSEP 2011 normal retirement eligibility from “90 and out” to “80 and out”. 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 must equal 90 or more at the time of termination of employment. For example, if someone leaves employment at age 60 and has 30 years of service, they would meet the Rule of 90.
RETIREMENT ELIGIBILITY REQUIREMENTS:
- Age 65 + 5 years of service or
- Age 60 + 15 years of service or
- “Rule of 80” – (at least age 48) when age + years of service = 80 or more
- Age 62 + 5 years of service or
- “Rule of 80” – (at least age 48) when age + years of service = 80 or more at time of termination.
- Age 67 + 5 years of service or
- “Rule of 90” – (at least age 55) when age + years of service = 90 or more at time of termination
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.
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W-2 Tax Forms
Feb 5, 2021, 12:03 PM By MOSERSI just retired end of August 2020. I have not seen a 2020 W-2. Do you know who I should reach out to in order to get this? thank you.Your W-2 form comes from your employer, not from MOSERS. You will need to reach out to your employer for your W-2.
MOSERS does provide you with a 1099-R tax form. We mailed your 1099-R form on January 21. You can also access it online by logging into myMOSERS You will find it under Personal Information and available for you to print. This form lists your 2020 retirement benefit income from MOSERS. You will need this form to file your income tax return. If you receive more than one benefit from MOSERS, you may receive more than one 1099-R from us
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Pre-tax Insurance Premiums
Jan 29, 2021, 1:06 PM By MOSERSIn retirement MOSERS can make direct payment to MCHCP to pay for insurance premiums for retired members. Can those payments be pre tax from my pension check?If applicable, all of the following deductions may be withheld from your MOSERS monthly pension benefit payment but they are all post-tax:
• 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
However, information from ASI/MO Café indicates that in the year that you retire, you are entitled to pre-pay for health, dental, and vision coverage through the end of that calendar year. If you can afford to have money deducted from your paycheck before you retire or from any payout for unused annual leave, you can authorize a pre-tax lump-sum insurance deduction. There is also some information about it on MCHCP’s Retirement – State Members page.
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The 2021 COLA Rate
Jan 27, 2021, 1:34 PM By MOSERSWhen are we going to know what the cola rate going to be for 2021 ??The COLA rate for 2021 is 0.987%. We calculate it every year in mid-January. This COLA rate applies to:
- All retired members of MSEP 2000 and MSEP 2011
- MSEP retirees who have reached their 65% COLA cap
- MSEP retirees first employed on or after August 28, 1997
If you were employed before August 28, 1997, and retired under the MSEP, you will get a COLA of at least 4% each year (maximum 5%) until you reach your COLA cap. You reach the COLA cap when the sum of your COLAs equals 65% of your initial base benefit amount. After reaching your COLA cap, your annual COLA will be equal to 80% of the percentage increase in the average Consumer Price Index (CPI) from one year to the next, which, as noted above, is 0.987% for 2021.
The purpose of a COLA for any type of pay or retirement benefit is to help you cope with inflation. COLAs help you maintain your purchasing power as inflation increases the cost of various items you buy. See the article, The 2021 COLA is Here, and the COLA page on our website for more information.
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70 & Out Rumor
Jan 21, 2021, 4:42 PM By MOSERSI continue to hear rumors about a proposal for "70 and out" retirement. Is there any validity to this? And how would it affect someone who was separated from employment but had not yet filed for retirement? Thank you.No, we are not aware of any legislative proposals related to a “70 and out” retirement. 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. Anytime the Missouri General Assembly is in session, you can follow any bills affecting MOSERS on our Legislation page.
RETIREMENT ELIGIBILITY REQUIREMENTS
- 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
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Understanding Available Retirement Dates
Jan 20, 2021, 9:32 AM By MOSERSI 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 MOSERSI 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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1099-Rs are Coming Soon
Jan 15, 2021, 10:24 AM By MOSERSi would like to know when i can possibly print out the 1099r for 2020 , when are they coming outWe will mail your 1099-R tax form to you by the end of January. After we have mailed it, it will also be available for you to view and print or save from your Document Express online mailbox after you log in to myMOSERS.
This form lists your 2020 retirement benefit income from MOSERS. You will need this form to file your income tax return. If you receive more than one benefit from MOSERS, you may receive more than one 1099-R from us. For more information please see our latest news item regarding 1099-Rs.
Topics
- 1099-R (10)
- Annual Leave (3)
- BackDrop (10)
- Board of Trustees (1)
- COLA (14)
- Credited Service (9)
- Death (1)
- Deferred Compensation (5)
- Divorce (1)
- Early Retirement (4)
- Education (7)
- Employee Contributions (13)
- Final Average Pay (8)
- Former State Employee (5)
- Funding (5)
- Leaving State Employment (18)
- Legislation (5)
- Life Insurance (11)
- Long-term Disability (1)
- Medical Insurance (6)
- Military Service (5)
- MSEP (5)
- MSEP 2000 (5)
- MSEP 2011 (11)
- Normal Retirement (22)
- Payday (4)
- Re-employment (15)
- Retirement Process (10)
- Rule of 80 (9)
- Sick Leave (6)
- Taxes (27)
- Temporary Benefit (4)
- Termination (4)
- Travel Assistance (2)
- Universities (3)
- Vesting (4)
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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.