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Part-Time Employment
For potential part-time employment to count toward your future pension benefit, it must be in a benefit-eligible position. It is the responsibility of the employer, not MOSERS, to determine if a position is eligible for MOSERS benefits. Generally speaking, an employee must work in a position normally requiring at least 1,040 hours per year to qualify for MOSERS benefits.
Pension benefits for general state employees are calculated using the formula: Final Average Pay (FAP) x Multiplier x Credited Service = Monthly Base Benefit
When we calculate your future pension benefit, we would not “convert it to 50%”. If you worked for three years in a benefit-eligible position, you would accrue an additional three years of service. When you retire, we will look at your entire MOSERS-covered pay history (excluding any time during a BackDROP period) and find your highest 36 consecutive months of pay. For most members, that occurs during their final three years but not in all situations. Your question is a good example of when a member’s “high 36” may not be during their last three years.
Once your potential employer has notified you if it is a benefit-eligible position or not, we encourage you to contact a MOSERS benefit counselor to further discuss your specific situation.
Topics
- 1099-R (10)
- Annual Leave (3)
- BackDrop (10)
- Board of Trustees (1)
- COLA (14)
- Credited Service (9)
- Death (1)
- Deferred Compensation (5)
- Divorce (1)
- Early Retirement (4)
- Education (7)
- Employee Contributions (13)
- Final Average Pay (8)
- Former State Employee (5)
- Funding (5)
- Leaving State Employment (19)
- Legislation (5)
- Life Insurance (12)
- Long-term Disability (1)
- Medical Insurance (6)
- Military Service (5)
- MSEP (6)
- MSEP 2000 (6)
- MSEP 2011 (12)
- Normal Retirement (22)
- Payday (4)
- Re-employment (16)
- Retirement Process (11)
- Rule of 80 (9)
- Sick Leave (6)
- Taxes (27)
- Temporary Benefit (4)
- Termination (4)
- Travel Assistance (2)
- Universities (3)
- 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.