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Rule of 80

Jul 21, 2020, 14:00 PM by MOSERS
Since I am in backdrop currently, I am very curious about the possibility of 70 and out and the medical premium being paid for or reduce to entice early retirement. Is there any basis to these rumors. It would save the State a lot of money long tern and make some seasoned employees retire early. Do we know anything but a rumor?

No, we are not aware of any legislative proposals related to these rumors. MOSERS administers retirement benefits but we do not have the authority to change plan provisions. Any retirement incentive, such as paying retiree medical insurance or changing retirement eligibility rules, would require legislative authorization. There were no retirement incentives that passed during the recent legislative session, which ended May 15. Any time the Missouri General Assembly is in session, you can follow any bills affecting MOSERS on our Legislation page. If the Governor were to call a special session of the General Assembly having to do with the state employee benefits that we administer, we will post that information on our website. Otherwise, the General Assembly will meet again in January 2021. 

RETIREMENT ELIGIBLILITY  REQUIREMENTS

MSEP Members

  • Age 65 + 5 years of service
  • Age 60 + 15 years of service
  • “Rule of 80” – (at least age 48) when age + years of service = 80 or more

MSEP 2000 Members

  • Age 62 + 5 years of service
  • “Rule of 80” – (at least age 48) when age + years of service = 80 or more

MSEP 2011 Members

  • Age 67 + 5 years of service
  • “Rule of 90” – (at least age 55) when age + years of service = 90 or more at time of termination
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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.