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  • 2022 COLA

    Aug 17, 2021, 9:43 AM By MOSERS
    The SSA is anticipating the largest COLA increase of the last 40 years at around 6% for 2022. Does this mean that MOSERS retirees can anticipate something close to the maximum COLA increase for MOSERS members for 2022 of 5%?

    We are unable to provide the 2022 COLA at this time, typically you can expect to see it by the end of January. For general state employees, COLAs are based on 80% of the percentage increase in the average Consumer Price Index (CPI) from one year to the next. The maximum increase is 5% (minimum 0%).

    We calculate COLAs based on the CPI-U, the Consumer Price Index for Urban Consumers. To learn more, review the Consumer Price Index Frequently Asked Questions on the Bureau of Labor Statistics website.

    See the History of COLAs and the COLA page on our website for more information.

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  • Pre-Pay Insurance Premiums with Annual Leave

    Aug 11, 2021, 3:51 PM By MOSERS
    I have been told that you are able to use unused vacation time to purchase health insurance through the end of the year of the year you retire. For example, you retire September first you may use unused AL time to pay for health insurance for October, November and December. My last day worked is December 31 with a retirement date of January 1. Since my retirement date is January 1 am I able to purchase health insurance through December?

    There is an option to pre-pay health insurance premiums in retirement with a payout of unused annual leave. However, this is outside of the scope of benefits that MOSERS administers. You can find the following information on MCHCP’s website:

    • “Employees whose premiums are collected pre-tax through the cafeteria plan have the opportunity to pre-pay premiums pre-tax as a retiree. Prepaid premiums may only be paid within the same calendar year*. To prepay, retirees must submit their enrollment request at least 31 days prior to their retirement date. The first month’s premium for retiree coverage will be divided between the last two active paychecks. Additional prepaid premiums may be collected from the retiree’s last two active paychecks and/or lump sum vacation/compensatory time payroll. Verify this payroll amount with the HR/Payroll personnel to determine how many months of retiree premiums can be prepaid.
    • If a retiring employee transfers coverage under a retired spouse, the prepaid premium will include the premium for both the retiree and spouse. MCHCP suspends deductions from the spouse’s retirement benefit during the prepaid months.
    • Retirees who cancel or fail to elect coverage may not enroll at a later date. Retirees who return to state employment and become eligible for benefits through MCHCP will be treated as a new employee.
    •  
    • *Employees with a retirement date of Dec. 1 cannot prepay premiums, since future premiums would be for a different plan year. Employees with a retirement date of Jan. 1 can only prepay premiums using funds from their final active payroll (usually Jan. 15) and/or their vacation and compensatory time payroll.”  Source: Enrollment (mchcp.org)

    Please note that the amount of your unused annual leave has no impact on your MOSERS retirement benefits.

    Please contact your HR office, MCHCP, and ASI Flex for details on the forms you need to complete and associated deadlines. Additionally, we encourage you to check with your human resources office about policies on annual and sick leave accrual and usage before retirement. 

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  • View Your Beneficiaries

    Aug 9, 2021, 8:48 AM By MOSERS
    I attempted to locate who my contingent beneficiaries are on my life insurance and could not figure out how to do this. Please tell me what steps I need to take. Thank you.

    To view your beneficiary designations, log in to myMOSERS. Click on Personal Information then Life Insurance. To update beneficiaries, complete and submit the  Designation of Life Insurance Beneficiaries form (“Life Ins Beneficiaries” from the Forms drop-down menu).

    If you are an active member of 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 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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  • Updating Your Mailing Address

    Aug 6, 2021, 2:05 PM By MOSERS
    I HAVE JUST MOVED, WHERE ON WEBSITE TO I CHANGE MY ADDRESS THANK YOU

    You can change your mailing address by logging in to myMOSERS. Select Personal Information then click Update Personal Information. You can also make changes to your email address and phone number(s). Updates to email addresses become effective by the next working day. If you wish, you may choose a future date (up to 3 months ) for other changes to become effective. If you are unable to do so online, please contact a MOSERS benefit counselor, who would be happy to assist you.

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  • Last working day before retirement

    Jul 26, 2021, 10:46 AM By MOSERS

     I'm retiring Aug. 1st. Is there a rule that I have to work one more day, even if your are on annual leave. Thank You. 

    MOSERS has no authority over the policies and procedures of an agency in determining onsite requirements when an employee is ending their service. Therefore, we encourage you to talk with your HR staff and/or your supervisor in advance of your retirement to find out about the policies and procedures at your agency.

    Your last day of work as a MOSERS benefit-eligible employee, as reported by your employer, must be at least one day prior to your retirement date with MOSERS. Your retirement date with MOSERS must be on the first day of a month.

    Please see the Ready to Retire page of our website and contact a MOSERS benefit counselor for more information. 

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  • Refund of Employee Contributions

    Jul 21, 2021, 8:27 AM By MOSERS
    An employee in our circuit is leaving employment without being vested. Will her contributions automatically be returned to her or does she need to submit the Member Request for Refund of Employee Contributions?

    Refunds of employee contributions are NOT automatic. A former state employee who wishes to request a refund, will need to complete the Member Request for Refund of Employee Contributions form. They must get it notarized and submit it to MOSERS.

    Members of MSEP 2011 or the Judicial Plan 2011 who leave state employment may choose to either request a refund (if they don’t anticipate returning to state employment) or leave their contributions with MOSERS (if they do anticipate returning to state employment).

    There is a 90-day waiting period from the date of termination or the request (whichever is later) before MOSERS can issue a refund. To learn more, please visit our Refund of Employee Contributions page. 

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  • How to make changes to your optional life insurance

    Jul 16, 2021, 3:32 PM By MOSERS
    Where can I find the application to submit for optional Life Insurance coverage for myself.?

    You can find it online by logging into myMOSERS. After logging in, click Forms, select Enroll/Chg Opt Life Ins and then submit your information from there. Or, you can contact a benefit counselor and ask them to mail you an application. If you would like more information on optional life coverage, please see our Life Insurance page. 

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  • Early vs. Normal Retirement

    Jul 9, 2021, 11:20 AM By MOSERS
    I am a member of MSEP 20011. I am currently 60 years old with 9 years of service time. If I leave state employment this year at what age would I be able to start my pension payments? 62? 65? or 67?

    If you leave state employment this year at age 60 years, 9 months, you will be required to wait and draw your benefit at age 67.  In order to be eligible for early retirement, you must reach age 62 prior to leaving state employment. Please note that taking early retirement will reduce your base benefit by ½ of 1% (.005) for each month your age is younger than normal retirement age. Your normal retirement age would be at 67. You can find more information in the MSEP 2011 Handbook.

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  • Returning to state employment under the same plan

    Jul 7, 2021, 10:47 AM By MOSERS

    Confidentially, please provide the outcome for these scenarios:
    An employee started in 2002, MSEP 2000, left in 2021, returned in 2023.  Would they be able to return to the MSEP 2000 plan or would they have to go to the MSEP 2011 plan?  80 and out or 90 and out? 0 or 4% withheld?

    Previously, under MSEP 2000, 80 and out, retire at 52 with 28 years of service. But let's say they don't return to state work, they have 19 years of service, when is there new normal retirement date, born 1977, 62?

    In the scenario you describe, the answer is yes, a vested member of MSEP 2000 who leaves state employment and returns to state employment will still be in MSEP 2000. Their prior service would immediately be reinstated upon reemployment. They would be eligible for normal retirement under the Rule of 80/”80 and Out” or age 62, whichever came first. As a member of MSEP 2000, they would not be required to make the 4% employee contributions.  

    In the scenario you describe, if the employee did not return to work, they would be considered an inactive vested member of MSEP 2000 and would become eligible for normal retirement at age 62.

    Note: If an inactive vested member of MSEP or MSEP 2000 elected a buyout in 2017 or 2018 then returned to state employment, they would be a member of MSEP 2011, would be required to make the 4% employee contributions and would have to meet the retirement eligibility for MSEP 2011.

    We encourage members to contact a MOSERS benefit counselor to discuss their individual situation and learn how various scenarios would impact their benefits. 

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  • Unsubscribing from Rumor Central

    Jun 21, 2021, 4:25 PM By MOSERS
    I would like to unsubscribe from the Rumor Central emails because I am no longer a state employee.

    If you would like to unsubscribe from this list, log in to myMOSERS and change your email preferences. After logging in, select Personal Information then Email Options. From there you can opt out of receiving Rumor Central Updates. 

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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.