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Comparison of MSEP & MSEP 2000

Feb 26, 2018, 16:09 PM by MOSERS

What are the major differences between MSEP & MSEP 2000?

The MSEP and the MSEP 2000 have various differences including different multipliers in the formula used to calculate your monthly payment, different benefit payment options, different cost-of-living adjustments (COLA), and different eligibility criteria. See the pages linked above or What’s My Plan? with information about plan membership, retirement eligibility requirements, and other plan provisions. 

We have a helpful Comparison Calculator on our website where you can compare the long-term impact of electing MSEP versus MSEP 2000, different BackDROP* periods under the different plans, and various other options. The Comparison Calculator videos are helpful in demonstrating how to use this tool. Or, you can contact a MOSERS benefit counselor to ask that they provide you with various benefit estimates and Comparison Calculator results.

We also encourage you to attend a MSEP/MSEP 2000 Ready to Retire/PreRetirement Planning Seminar when you are within 5 years of eligibility. This free full-day seminar includes information on differences in the plans, benefit payment options, and BackDROP, among other topics.

Your defined benefit retirement plan through MOSERS includes a lifetime benefit, regardless of the plan or payment option you elect at retirement.
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