4% Contribution for MSEP 2011

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My daughter is considering becoming employed for a state agency and is curious if she will be required to put a % of her pay check towards her retirement since she will be hired after the 1/1/2018 and the new rule that is in place.
Yes, anyone who is first employed in a MOSERS or MPERS benefit-eligible position on or after January 1, 2011 must contribute 4% of pay to the retirement system. Your daughter's 4% contribution is used to help pay the cost of her future defined benefit retirement plan and could potentially pay her back far more than she contributes. See a simplified example in The Value of Your Retirement Benefit. When she retires, she will receive a benefit payment every month for as long as she lives. This means she can never outlive her MOSERS retirement benefit.

If she leaves state employment prior to becoming eligible for normal retirement, she may request a refund of her contributions plus credited interest. Or, she may leave her contributions with the system if she thinks she might return to work for the state at some point in the future and would like for those years of service to count toward an eventual retirement benefit. See our Member Contributions brochure for more information.


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MSEP 2000 Retirement Eligibility

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i started working for the state at the age of 51 I started in dec 2010 I want to retire at the age of 62 but I won't have 80 and out, will I still get my state check even if I don't have 80 and out?
Yes, you may be eligible for retirement at age 62 even if your age and service don’t add up to 80. The Rule of 80 (also known as “80 & Out”) is not the only way to meet retirement eligibility. If you first worked in a MOSERS benefit-eligible position in 2010, you are a member of the MSEP 2000.  The other way to meet normal (unreduced) retirement eligibility in the MSEP 2000 is to be at least age 62 with at least 5 years of service. Visit our Ready to Retire page to learn about the 2-step retirement process, which you must complete to begin receiving monthly retirement payments.

For more information:

The “Which Plan am I In?” page on our website has information about MSEP, MSEP 2000, and MSEP 2011 retirement eligibility requirements and other plan provisions.
You can call a MOSERS benefit counselor to discuss your specific situation and they can provide you with a retirement benefit estimate.
When you are within 5 years of retirement eligibility, it is helpful to attend a free PreRetirement Planning Seminar.

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Retirement Due Dates

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I am planning to retire the end of this year, with my retirement date of 1/1/19. How far in advance do I need to submit my retirement forms?
You can submit your retirement application as early as 4 months (120 days) prior to your retirement date.  However, there are specific due dates required—for example, if your retirement date is January 1, your Retirement Application is due no later than November 30 and the Retirement Election Form is due no later than December 31st.

The Ready to Retire page on our website is a one-stop shop for all of our retirement resources. We encourage you to go to our website, log in to your Member Homepage, and retire online as soon as you have gathered information and made your decisions. Before your benefit payments can begin, you must complete the 2-step retirement process. This process, which involves your submission of several important forms, allows MOSERS to provide you with relevant, individualized information needed to make informed decisions regarding your future benefit payment. Use the Retirement Guide to assist you. This summary of the retirement process includes a detailed explanation of each form as well as a Smart Start Checklist of information you should have readily available when you apply. The Retire Online video also has helpful tips to lead you through the process.

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Merit System & Reemployment

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Since the Merit system has been removed (by the newly signed law), does this mean that someone who retired from a Merit job could go back to work for the State and still collect their pension?
No. SB 1007, which had the “merit system” language does not contain any changes to any MOSERS benefit provisions. SB 1007 modifies and repeals several provisions relating to the State Personnel Law (SPL), commonly referred to as the Merit system.

As a general state employee, your MOSERS retirement benefit will stop if you retire (or are already retired) and later return to work in a benefit-eligible position covered by MOSERS or MPERS (the MoDot & Patrol Employees’ Retirement System).

Your employer determines if the position is benefit-eligible. MOSERS administers pension benefits for most state agencies and regional state universities. See our website for a complete list of employers covered by MOSERS. If you have a question about whether or not accepting a position with the state will affect your MOSERS retirement benefit, we advise you to check with your potential employer.

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Using Leave After Applying for Retirement

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Once you submit retirement papers with a date for retirement are you allowed to take any annual or sick time?
Check with your agency’s human resources office about your specific guidelines for annual and sick leave accrual and usage before retirement.  However, please be aware that MOSERS converts unused sick leave hours into months of service credit to be used in your retirement benefit calculation.  So, any usage of sick leave near your retirement date may affect previous benefit estimates you have received.  Annual leave has no effect on your MOSERS benefit. You can learn more about how unused leave hours affect your retirement benefit here.    

We have also answered many related questions on sick leave on Rumor Central under the category heading Unused Sick Leave: http://mosersrc.blogspot.com/search/label/unused%20sick%20leave.  

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Merit System Bill

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How does, if at all, the removal of the Merit program affect my retirement?
SB 1007 does not contain any changes to any MOSERS benefit provisions so it should have no impact on your retirement. It modifies and repeals several provisions relating to the State Personnel Law (SPL), commonly referred to as the Merit system. It is our understanding that it was signed into law today.

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MSEP 2011 Legislative Changes from 2017

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Correction Officers have been hearing that the State of Missiouri Retirement System is bringing back the "80 and out" rule or 80/80 and the Employee is vested after 5 years of service?
For members of MSEP 2011 who are actively employed on or after 1/1/2018, yes, the vesting requirement did change to 5 years, effective 1/1/2018. This change was part of Senate Bill 62, which was passed during the 2017 legislative session. The changes were summarized on our legislative page. You can read more about the vesting change in our news article from 2017, The Change from 10 to 5-Year Vesting for MSEP 2011 Members.

However, requirements for retirement eligibility were not changed. Members of MSEP 2011 reach normal retirement eligibility when they have at least 5 years of service and are age 67 or under the “Rule of 90”. Under the “Rule of 90”, they must be at least age 55 and their age plus years of service equal 90 or more. For example, if someone is age 60 and has 30 years of service, they would meet the Rule of 90.

Not sure if you are in MSEP, MSEP 2000, or MSEP 2011? See Which Plan Am I In?

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