rumor-central-header

Hearing Rumors? Not sure your co-worker has it right?

Rumor Central has the answers! Submit your question or just browse our blog to separate facts from fiction.

Subscribe to Rumor Central

Subscribe to receive a monthly email that includes answers to recent Rumor Central questions.

Log in to myMOSERS. Click on Personal Information, then on Email Options. Check the box next to Rumor Central. 

Average Years of Service

Feb 19, 2020, 00:00 AM by MOSERS
The 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.

Print Friendly and PDF

Topics

Archive

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.