If the health insurance incentive bill is passed this year and you retire during the specified time frame allowed under the bill,

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If the health insurance incentive bill is passed this year and you retire during the specified time frame allowed under the bill, do you HAVE to take the incentive or can you just retire and possibly come back as part-time?
I am eligible to retire under the 80 and Out Rule June 1. If SB748 passes and I do not take the medical incentive, will I be able to work part time for the State?
The Missouri Consolidated Health Care Plan (MCHCP) provided the following response to these two questions.
If you retire during this time, but do NOT take the incentive, you would not be prohibited from returning to work for the state. If you take the incentive, you are prohibited from working for the State for 3 years.
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I have two questions about eligibility under the current bill (SB 748):

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I have two questions about eligibility under the current bill (SB 748):
1. The State Schools have employees that are employed during the school term. Are they considered active employees during June and July under this bill?
As long as employment has not terminated, these qualifying employees would be eligible for the incentive under SB 748.
2. If a State Schools teacher retires under this bill, will they be prohibited from working as a substitute teacher for three years for the state?
Yes, SB 748 prohibits any employment with the state for a period of three years. You would not be prohibited from non-state public employment, such as working as a teacher for a public school system covered by the Public School Retirement System (PSRS) of Missouri. Print Friendly and PDF

I worked for the State of Missouri for 10 years and saved up 6 months of sick time. I now work for Missouri State University

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I worked for the State of Missouri for 10 years and saved up 6 months of sick time. I now work for Missouri State University (for the last 13 years) and my sick leave does not transfer to my current employer. Can I still use that 6 months unused sick leave in my retirement? The handbook states, "unused sick leave reported to MOSERS." Thank you.
As a general rule, only sick leave reported from your last employer will be considered when determining your benefit. There are, however, situations such as yours that don't fit the norm. Those situations are best addressed by contacting a benefit counselor at our office. Print Friendly and PDF

When will SB 748 (the health insurance incentive bill) be voted on? Also, will personnel still need three months to process retirements?

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When will SB 748 (the health insurance incentive bill) be voted on? Also, will personnel still need three months to process retirements?
The SCS (Senate Committee Substitute) for SB 748 has progressed through the Senate. The bill was then sent to the House, but it has not yet been assigned to a committee. You can follow the progress of the bill by using the Joint Bill Tracking system at http://www.moga.mo.gov.
It is not possible to predict when (or if) a bill will progress through the next steps that are required in order for it to become law. A good summary of the steps involved in the legislative process, titled How a Bill Becomes Law, can be found at http://www.senate.mo.gov/bill-law.htm. The last day of session this year is May 12, 2006. SCS for SB 748 would have to be passed by both houses and declared “truly agreed to and finally passed” by that date. As described in How a Bill Becomes Law, all bills that are “truly agreed to and finally passed” are sent to the Governor for consideration.
In response to your second question, MOSERS must receive retirement applications no later than the last day of the second month preceding the month of your intended retirement date. Therefore, if you intend to retire on July 1, your application must be in to MOSERS by May 31. MOSERS’ application process consists of two steps, (1) the application step and (2) the election step. This allows MOSERS to provide you with individualized information that you need to make informed decisions regarding your retirement benefit payment. We suggest that members submit their Application for Retirement 45 to 60 days before their planned retirement date. The procedure just mentioned will not be altered or amended for purposes of the incentive included in SB 748. These are the MOSERS’ retirement application processing procedures. Your personnel office may have additional notification requirements, so please contact your personnel office for further information. Print Friendly and PDF

Please explain the impact that SB 660 would have on insurance premiums paid by active employees and retired employees if the bill should pass.

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Please explain the impact that SB 660 would have on insurance premiums paid by active employees and retired employees if the bill should pass.
SB 660 is not a bill that MOSERS is tracking because it relates to medical insurance, not retirement. Our staff does not have the expertise to analyze medical insurance legislation, but the staff at the Missouri Consolidated Health Care Plan (MCHCP) does track and analyze all health care legislation related to their members. You can find contact information for MCHCP on their website at www.mchcp.org. Print Friendly and PDF

My question pertains to the wording/meaning of HB 1268 (see below).

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My question pertains to the wording/meaning of HB 1268 (see below). If I am reading it correctly, does not this mean that this bill would effectively reduce the amount of time that is credited to us for retirement? Please give an example if a Missouri state employee had 2200 hours of unused sick leave. What would each of the calculations be according to the wording in the bill?
HB 1268 wording:
When calculating years of service, each member shall be entitled to [one-twelfth of a year of creditable service for each one hundred sixty-eight] one day of creditable service for every eight hours of unused accumulated sick leave earned by the member.
If passed as presently written, HB 1268 would reduce the amount of unused sick leave that may be used for retirement credit. This is NOT the sponsor's intent--his objective was to include the excess sick leave that is not presently counted in determining the additional creditable service. At this point, the bill has been assigned to committee but there has been no hearing on the bill.
The way the law is currently written, creditable service for 2,200 hours of unused sick leave would be calculated in the following manner:
2200 / 168 = 13.095 which would add 13 months to a member’s creditable service.
If passed, HB 1268 would require MOSERS to calculate creditable service for 2,200 hours of unused sick leave as follows:
2,200 / 8 = 275 which would then be divided by 30, since MOSERS can only credit service in one month increments, and by law it takes 30 days of creditable service to equal one month 275 / 30 = 9.167. This would add 9 months to a member’s creditable service. Print Friendly and PDF

I currently can retire under the Rule of 80 with over 3 yrs. BackDROP. If SB 748

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I currently can retire under the Rule of 80 with over 3 yrs. BackDROP. If SB 748 passes, can I still receive my BackDROP along with the 3 year active medical insurance rate, if I choose to retire some time during the May 1 - Aug. 1 window?
Yes, if the SCS for SB 748 passes and you are eligible to retire under the incentive, you may retire during the incentive window and you may also elect the BackDROP. (The start date for the window period would not necessarily be May 1 – it cannot begin until the first day of the month following the day the governor would approve the bill if it passes.) Print Friendly and PDF

It appears that your answer to a question posted 1/27/06 was that only those persons eligible for 80 & Out

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It appears that your answer to a question posted 1/27/06 was that only those persons eligible for 80 & Out would be eligible for the medical incentives. I am eligible for retirement under MSEP 2000 but not for 80 & Out. Will the incentive apply only to those qualifying under 80 & Out?
The Senate committee Substitute for SB 748 was adopted and perfected by the Senate on January 31st. If it passes in its current form, it would only apply to those eligible to retire under the “Rule of 80.” Print Friendly and PDF

How is "creditable service" defined as stated in the perfected version of SB 748? For eligibility, does this include months of accumulated sick leave?

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How is "creditable service" defined as stated in the perfected version of SB 748? For eligibility, does this include months of accumulated sick leave?
Yes. The SCS for SB 748 would allow members to use their accumulated unused sick leave to become eligible for the Rule of 80. For every 168 hours of unused sick leave, the member would receive 1 month of creditable service to be used towards qualifying for eligibility under the Rule of 80. Print Friendly and PDF

If my memory serves correctly, there has been only one medical insurance retirement incentive bill passed.

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If my memory serves correctly, there has been only one medical insurance retirement incentive bill passed. Each time a bill is introduced there has been a time frame of eligibility, i.e. May - Aug. Also, each introduction has included five year coverage at the employee rate which, with one exception, was lowered to three years. Is it possible that bill introduction is being used to entice eligible employees to not retire?
You are correct that only one medical insurance retirement incentive bill passed and was signed into law. However, we have heard nothing to suggest that the intent of the current incentive proposal might be to keep eligible employees from retiring. The sponsor of the current bill, Sen. Carl Vogel, issued a press release in December 2005 regarding SB 748. The following quote from that press release provides his announced intention in filing the bill:
“Although there is no talk of layoffs reaching the magnitude of this time last year, it is no secret state departments have been asked to continue to search for ways to do more with less. The state currently has many employees who are eligible to retire under the provisions of 80 and out…but have chosen to remain on the state payroll. An often mentioned reason for continuing to work is the need for health insurance.” Print Friendly and PDF

Your latest 2006 Legislative Update states that the use of sick leave in order to use the incentive in SB748 is still in there.

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Your latest 2006 Legislative Update states that the use of sick leave in order to use the incentive in SB748 is still in there. What I have read on the Senate Committee Substitute and the Perfected documents on the General Assembly website for SB748, no longer mentions the use of sick leave to meet the requirement for the incentive. Which is correct?
The current SCS for SB 748, which was adopted and perfected by the Senate on January 31st, still includes the language allowing members to use their sick leave towards eligibility for Rule of 80 for purposes of retiring with the incentive. Print Friendly and PDF

How does this bill create an unfunded mandate to MOSERS? If it does, how much would it be?

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How does this bill create an unfunded mandate to MOSERS? If it does, how much would it be?
This bill does not create an unfunded mandate. However, it would cause our unfunded liability to increase. An unfunded liability is created whenever a benefit increase occurs. In the cost valuation of this bill that the actuary performed, they estimated the unfunded liability would increase by approximately $60 million as the result of people retiring earlier than would have otherwise been the case. That additional liability would be paid off over a thirty year period using a combination of monthly contributions made by the state and investment returns. This process is similar to a mortgage payment and is not unusual in the financing of retirement benefits. Print Friendly and PDF

A new rumor is circulating that the BackDROP is going to be eliminated by the Governor with little or no notice.

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A new rumor is circulating that the BackDROP is going to be eliminated by the Governor with little or no notice. Does this change have to be made by legislation or can it be done by executive order? Usually legislation has and effective date in the future. Can an executive order make it effective immediately? Can BackDROP time beyond two years be lost if it is made effective immediately without the ability to retire before it becomes effective?
The elimination of the BackDROP provision would have to be made by the legislature. The Governor cannot change any law, including the BackDROP provision, by executive order. That being said, there has been no indication that any member of the legislature is proposing legislation to remove the BackDROP as a retirement option for MOSERS members. If MOSERS becomes aware of any such proposal, we will notify members who would potentially be affected. Print Friendly and PDF