How does MOSERS establish COLA dates for retirees? Is there a difference (for example) if I were to retire May first as compared with July first of t

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How does MOSERS establish COLA dates for retirees? Is there a difference (for example) if I were to retire May first as compared with July first of the same year, under the MSEP2000 plan?
 Annual COLA’s (cost of living allowances) under the MSEP 2000 (and the MSEP) occur on the anniversary of your retirement. In other words if you retired in October, your COLA will occur each year during that month. If you elected the BackDROP option, your COLA will occur on the anniversary of your BackDROP date each year. You will be notified during that month with a Retiree Statement indicating just how much your increase will be. The rate is set each year in January and is the same for the entire calendar year regardless of the month in which you retire. 
For more information on MOSERS’ COLAs, please visit the COLA page on the Retired Member section of our website. Print Friendly and PDF

I am of poor health and have been able to 80 and out for a couple of years, is it possible to go on disability and also draw my retirement?

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I am of poor health and have been able to 80 and out for a couple of years, is it possible to go on disability and also draw my retirement?
 No, MOSERS members cannot receive disability and retirement benefits at the same time. Members who are already eligible for normal retirement are no longer eligible to apply for disability benefits. Members who apply and are approved for long-term disability under MOSERS are only eligible for those benefits until they reach normal retirement age. At the time members on disability reach eligibility for normal retirement their disability benefits end. MOSERS notifies members who are receiving disability benefits when they are nearing their normal retirement and helps them with the transition from disability to regular retirement.
If you have further questions about either MOSERS long-term disability or retirement benefits, please visit the corresponding pages on our website (link provided), or contact a benefit counselor at (800) 827-1063.
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Is the state getting another pay increase this year?

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Is the state getting another pay increase this year?
MOSERS does not play a role in decisions regarding state pay raises.
Historically, pay plan recommendations have been initiated in the Governor’s budget message presented to the legislature in connection with the State of the State address by the Governor in mid-January each year. During the legislative session (January – May) the legislature considers all appropriations bills, including those pertaining to salary, and may approve, revise or remove the Governor’s recommendations from the budget approved by the legislature. The Governor must then sign or veto the appropriations bills. Print Friendly and PDF

I have heard a rumor regarding the merger of MODOT Employees’ Retirement System into MOSERS. Is this being considered? Would this be good or bad for

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I have heard a rumor regarding the merger of MODOT Employees’ Retirement System into MOSERS. Is this being considered? Would this be good or bad for MOSERS?
Legislation was filed during the 2006 legislative session regarding a possible merger of the MoDOT and Patrol Employees Retirement System (MPERS) and MOSERS. The legislation did not pass. Several proposals were considered but the one introduced would have required the MOSERS board of trustees to take over the administration of MPERS. Under that proposal, the cost and services to MOSERS members would have remained fairly close to what they are currently (although MOSERS administrative expenses would have increased slightly) and MPERS employees would have benefited from the range of services that MOSERS provides such as mid-career planning, pre-retirement planning, publications, automated systems, etc. The sponsor of the legislation indicated that the bill was introduced to avoid duplication of effort and minimize costs to the taxpayers. The MPERS board opposed this bill. The MOSERS board did not take a position on the consolidation proposal offered last year.
We do not know if consolidation will be proposed again this year. The MOSERS board and staff will review any such proposal to determine whether the proposal would have a positive, negative or neutral effect on MOSERS members. We can’t determine whether a proposal is “good or bad for MOSERS” until we see how the bill is drafted. Print Friendly and PDF

I’m looking at some information that MOSERS sent out under Payment Options.

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I’m looking at some information that MOSERS sent out under Payment Options. It said if you receive a payment before you reach age 59 1/2 and you do not roll it over, you may have to pay an extra 10% of the taxable portion of the payment in addition to regular income tax. It also said the additional: 10% tax does not apply to your payment if it is paid to you because you separate from service after age 55. So does this mean you do not pay the 10% penalty, or does it just mean you don’t hold it out of the payment?
A member who both separates from service and elects the BackDROP cash option during or after the year they turn 55 would not be subject to the 10% penalty. However, MOSERS is not responsible for withholding the extra 10% in cases where it is applicable. Print Friendly and PDF

The following questions pertain to returning to work after retiring under MOSERS.

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The following questions pertain to returning to work after retiring under MOSERS.1. How are the 1,000 hour limits calculated for retired state workers returning for part-time employment?2. Is it calculated on a calendar year, fiscal year, or employee anniversary year?3. What triggers an employee to lose retirement benefits in regards to exceeding the 1,000 hr limit?4. What is the statute number, business rules, or MOSERS policies that pertain to this?
It’s somewhat of an over simplification to simply refer to this as a “1,000 hour limit.” Under sections 104.380 RSMo and 104.1039 RSMo, if a retiree becomes an “employee” once again, the benefit they are receiving is frozen and they earn additional service credit as long as they continue being an “employee.” It’s important to understand that an “employee” is defined in Sections 104.010.1(20) and 104.1003(13) of the Revised Statutes of Missouri as:
“Any person who is employed by a department and is paid a salary or wage by a department in a position normally requiring the performance of duties of not less than 1,000 hours per year…”
Therefore, the 1,000 hour limits are based on the position under which a retiree returns to work. If the position normally requires duties taking at least 1,000 hours per year, then it is deemed to be what we commonly refer to as a “benefit eligible position.” This is determined by each employing agency.
If the position is deemed benefit eligible by the employing agency, then a retiree’s benefits would stop while so reemployed. If the position is deemed non-benefit eligible, then a retiree’s benefits would continue while reemployed.
MOSERS relies on employing agencies to report whether or not reemployed retirees are in benefit eligible positions. The method by which employing agencies make that determination may involve a number of factors but ultimately the 1,000 hours limit is the most important factor that agencies must consider. Any retiree who wants to return to work in a non-benefit eligible position should make sure the agency has made that determination before accepting employment in that particular position.
MOSERS retirees wishing to return to work should refer to the reemployment page on the Retiree portion of our website. Information listed there describes benefit eligible positions, non-benefit eligible positions, and reemployment covered by the Highway and Transportation Employees’ and Highway Patrol Retirement System and the University of Missouri Retirement System. Print Friendly and PDF