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  • Deleting Beneficiaries

    May 4, 2021, 8:19 AM By MOSERS
    I am attempting to delete one of my beneficiaries for my life insurance. It appears that the online form only allows you to add a beneficiary. Perhaps I am just not understanding the form. Please advise how I need to proceed. Thank you in advance

    We are working on a new system that will allow you to make a simple update without re-entering all information for your beneficiaries, but right now, with our current system, you must start over and re-enter all information about your beneficiaries if you want to update one of them.

    To update your beneficiary designations, you must first log in to myMOSERS. Complete and submit the Designation/Change of Beneficiaries form (“Life Ins Beneficiaries” from the Forms drop-down menu) for basic and optional life insurance. This form also applies to deleting a beneficiary. You will need to enter the information of your new beneficiaries and submit the form. If you are a member of the MSEP 2011 or the Judicial Plan 2011, you should also complete and submit the Contribution Beneficiaries form for your employee contributions.

    Visit our Life Events page for more information.

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  • BackDROP Lump-Sum Payment Explained

    Apr 28, 2021, 4:08 PM By MOSERS
    I am planning to retire in 2024 and at that time, I would receive my full backdrop. I need a better understanding of the "backdrop". After retiring, can I draw from my back drop as needed or is there a set amount of money that I will get monthly? 

    With BackDROP, you will get a lump-sum payment at retirement in addition to your monthly pension payments from MOSERS. Choosing BackDROP will, most likely, reduce the amount of your ongoing monthly benefit payments. We will provide you with Benefit Estimates at the time of retirement to show your BackDROP options and the impact of taking BackDROP on your monthly benefit payments. You can get estimates at any time by logging in to myMOSERS or by contacting a MOSERS benefit counselor.

    At retirement, we will ask you if you want to elect BackDROP or not and, if so, how you want to take your BackDROP lump-sum payment. Your choices are to take it as a cash payment, as a direct rollover to an individual retirement account or eligible employer plan such as MO Deferred Comp, or as a combination of cash and rollover

    Along with your first monthly pension benefit payment, we will issue your BackDROP payment (as either cash, rollover, or a combination) on the last working day of the month in which you retire.

    Your question about how much you can draw from your BackDROP is really about taxes and possible IRS penalties.

    • Cash Option: This is either one lump-sum payment at retirement or three annual installments. From any amounts paid in cash, we will deduct 20% for federal income tax (as required by the IRS) and any Missouri state income tax withholding you choose. You will be responsible for any IRS early withdrawal penalties that may apply.
    • Rollover Option: We will send your tax-deferred distribution directly to a qualified employer plan. See the MO Deferred Comp flyer, Thinking About the BackDROP?, for more information.
    • Combination Cash & Rollover Option: You can take a portion of the lump sum in cash (less 20% for federal income tax, as required by the IRS, and any Missouri state income tax you choose to have withheld) and roll the rest over to a qualified employer plan. You will be responsible for any IRS early withdrawal penalties that may apply.  

    Visit the BackDROP page on our website for additional information.

    Note: BackDROP is available only to general state employees in MSEP and MSEP 2000 who work at least two years beyond normal retirement eligibility.

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  • Overtime Pay and Your Pension Benefit

    Apr 27, 2021, 1:37 PM By MOSERS
    Is overtime included when figuring for an employee's retirement, or is their regular salary for the highest 36 consecutive months used in the calculation?

    Yes, overtime can increase a member’s pension benefits.

    Retirement benefits for general state employees are calculated using a three-part formula: Final Average Pay (FAP)  x credited service  x  a multiplier =  Monthly Base Benefit

    To calculate your pension benefit, we will use your highest 36 full consecutive months of pay – wherever that occurs in your individual pay history

    In identifying your “high 36” months, overtime pay is included in the pay period for which it was earned. 

    The multiplier for general state employees in MSEP is 1.6%; it is 1.7% for general state employees in MSEP 2000 and MSEP 2011.

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  • Filing Taxes and Living Out of State

    Apr 19, 2021, 8:27 AM By MOSERS
    I receive pension but i live in Michigan. How do i file taxes if any?

    You will need your 1099-R form from MOSERS to file your federal income tax return. You may have already received yours in the mail back in early February. If you prefer an electronic copy of your 1099-R or if you find you need a replacement copy of it, simply log in to  myMOSERS  and you will find it listed under Personal Information. It is available to print.

    If you lived in Missouri at any point during the tax year, you may owe Missouri state taxes, but you may also qualify for the Missouri State Public Pension Exemption. Contact the Missouri Department of Revenue and state tax agency in Michigan for additional information about and to inquire if you will need to file a state tax return in either or both states. 

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  • Public Pension

    Mar 25, 2021, 10:12 AM By MOSERS
    Is MOSER retirement considered a public pension for tax purposes?

    Yes, that is correct. The benefit you receive through MOSERS is considered a public pension for tax reporting purposes. If you are a Missouri resident, you may qualify for the Public Pension Exemption. Visit the Missouri Department of Revenue's Public Pension Exemption page or read our Missouri Public Pension Exemption flyer for more information. Additionally, you can visit the Taxes page on our website.

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  • MSEP 2000 Normal Retirement Eligibility

    Mar 22, 2021, 12:03 PM By MOSERS
    In reading your newsletter today regarding the different requirements to retire, for the MSEP 2000, wasn't there an early retirement option at age 57 with 5 years of service also?

     Yes, there is an early retirement option for members who are members of the MSEP 2000. What we referenced in the previous Rumor Central post was just normal retirement eligibility, not early retirement eligibility. You can find more information on our MSEP 2000 web page.

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  • How to Update Beneficiaries

    Mar 4, 2021, 3:26 PM By MOSERS
    Both my daughters are now married. They are two of my beneficiaries. How do I change just their last names?

    To update your beneficiary designations, log in to myMOSERS. Complete and submit the Designation/Change of Beneficiaries form (“Life Ins Beneficiaries” from the Forms drop-down menu) for basic and optional life insurance. If you are a member of the MSEP 2011 or the Judicial Plan 2011, you should also complete and submit the Contribution Beneficiaries form for your employee contributions.

    If you cannot log in to submit the forms online, contact a MOSERS benefit counselor at, (800) 827-1063 or (573) 632-6100 to request paper forms, which we will mail to your home address.

    If you participate in the state’s deferred compensation program, you may want to update your beneficiaries with MO Deferred Comp, as well.

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  • MSEP 2011 & The Rule of 90

    Feb 24, 2021, 8:50 AM By MOSERS
    I heard that all state employees under the 2011 are being moved to an 80 and out model. Is that true?

    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.


    MSEP Members

    • 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

    MSEP 2000 Members

    • 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. 

    MSEP 2011 Members

    • 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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  • Updating Your Tax Withholdings

    Feb 23, 2021, 2:28 PM By MOSERS
    I am changing my Income Tax filing status from Head of Household to Single; do I need to send in a W-4 to MOSERS for my retirement benefit? If so, where do I send that? I am assuming I need to do both a federal and state form. Thank you!

    You can update both your Missouri state and your federal tax withholdings on the Substitute W-4P form and submit it to MOSERS. The fastest, easiest way to submit it is by logging in to myMOSERS. Or, you may send it to us via mail, email, or fax (see our Contact page for details). Please note that the amount of withholdings you elect does not change your tax liability. For additional information, contact the Missouri Department of Revenue.

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  • Re-employment with the State

    Feb 19, 2021, 4:50 PM By MOSERS
    Regarding 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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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.