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Budget Restriction Information
The budget restriction has no impact on MOSERS or on member benefits. We were able to reduce employer premiums for the long-term disability program administered by MOSERS, which resulted in a savings of $754,952 for the state.
The Missouri legislature has historically appropriated the full amount needed from MOSERS-covered employers for pension benefits. Each year, the MOSERS Board certifies this employer contribution rate. Our external actuary calculates the rate based on various economic and demographic assumptions. All the calculations go into our annual actuarial valuation. The actuary also conducts an experience study at least once every five years, which compares current assumptions with the most recent actual data. You can read our Employer Contribution Rate infographic for more information.
Topics
- 1099-R (13)
- Annual Leave (3)
- BackDrop (14)
- Board of Trustees (1)
- Buyout (2)
- COLA (12)
- Credited Service (6)
- Death (2)
- Deferred Compensation (2)
- Divorce (2)
- Early Retirement (9)
- Education (4)
- Employee Contributions (14)
- Final Average Pay (7)
- Former State Employee (5)
- Funding (6)
- Leaving State Employment (17)
- Legislation (5)
- Life Insurance (12)
- Long-term Disability (2)
- Medical Insurance (5)
- Military Service (4)
- MSEP (6)
- MSEP 2000 (6)
- MSEP 2011 (10)
- Normal Retirement (26)
- Payday (5)
- Re-employment (11)
- Retirement Process (8)
- Rule of 80 (10)
- Sick Leave (6)
- Taxes (30)
- Temporary Benefit (2)
- Termination (6)
- Travel Assistance (1)
- Universities (1)
- Vesting (4)
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.