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.


HB 1467

Jul 17, 2020, 15:48 PM by MOSERS
What impact, if any, does HB 1467 have on employees that are still on the old plan and do not have to contribute to their retirement fund. Thank you.

HB 1467 has NO impact on employee contributions to MOSERS.

As it relates to employee contributions, this bill affects members of the Missouri Local Government Employees’ Retirement System (LAGERS), NOT state employees.

(House Bill 1467, which the Governor signed on July 13, extends LAGERS employers' options for the employee contribution election from the current 0% or 4% employee contribution to a 0%, 2%, 4%, or 6% employee contribution election.)

Currently, members of MSEP 2011 and the Judicial Plan 2011 contribute 4% of their pay toward their future retirement benefit with MOSERS. We are not aware of any proposals to require other state employees (members of MSEP and MSEP 2000) to contribute.

See our Legislation page for more information and to follow any bills affecting MOSERS.

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.