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Pension Plan Funding
What percent is the pension plan currently funded at for new employees. Is there a concern to be had that it's not fully funded?
MOSERS is 62.9% funded, as of June 30, 2019, with regard to pension plan benefits for members of MSEP, MSEP 2000, and MSEP 2011. That means MOSERS currently has 62.9% of the assets needed to pay all current and future pension benefits for members in these plans.
The state of Missouri, as the employer, has demonstrated its 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. See our funding pages and Key Facts flyer for more information.
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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.