I am eligible for both public service time and veterans time. I know if I purchase 4 years of public service time I have to purchase it all at one ti

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I am eligible for both public service time and veterans time. I know if I purchase 4 years of public service time I have to purchase it all at one time, but where I have both public service and veteran time can I purchase one this year and the other in another year or so. Thanks.
Yes. You may purchase your active-duty military service now and your prior public service later (or vice-versa). It’s important to remember that the purchase or transfer of service credit must be completed before you apply for retirement.
If you elect to purchase your active-duty military service, you must purchase all that you had up to 4 years. Using a copy of your DD214, we will verify your active-duty dates of service and that you were honorably discharged.
There are different provisions available for acquiring prior public service. In general, the service must have been full time, public service (i.e. city, county, school district), rendered in Missouri.
Forms and detailed information regarding the purchase or transfer of service credit may be found in our
Acquiring Service Credit brochure. The brochure is available on our website, through your HR representative, and by contacting MOSERS. Print Friendly and PDF

I was using the benefits calculator on the web page and found a discrepancy between how the backdrop is calculated for MSEP vs. MSEP 2000.

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I was using the benefits calculator on the web page and found a discrepancy between how the backdrop is calculated for MSEP vs. MSEP 2000. In planning to retire in 2009 or 2010 with 29 or 30 years of service, my backdrop date was 2006 (rule of 80). The backdrop calculation for MSEP 2000 seemed to include the temporary benefit (.008 multiplier) provided by MSEP 2000 for retirees under 62. This gave as much as a $60,000 difference between the backdrops for the two systems. Can this be right? All the literature I have from MOSERS says the backrop is calculated the same way under both programs.
If you elect the BackDROP, you will receive a lump sum payment equal to 90% of the Life Income Annuity amount you would have received during the BackDROP period. This is the same in the MSEP and MSEP 2000.
The difference, in the two plans, is the multiplier used in the formula for calculating your monthly base benefit (MSEP multiplier – 1.6%; MSEP 2000 multiplier – 1.7%). Also, the temporary benefit will increase your benefit amount in the MSEP 2000 (temporary benefit multiplier -0.8%) until age 62, for a total of 2.5% up to age 62. It is possible for the BackDROP amount in the MSEP 2000 to be significantly more than the BackDROP amount in the MSEP.
MSEP Formula:Final Average Pay x .016 x Credited Service = Monthly Base Benefit
MSEP 2000 Formula:Final Average Pay x .017 x Credited Service = Monthly Base Benefit
Temporary Benefit Formula (if eligible under the MSEP 2000 plan):Final Average Pay x .008 x Credited Service = Temporary Base Benefit

It is a good idea to contact a Benefit Counselor at (800) 827-1063 prior to your retirement. The Benefit Counselor can explain the benefit calculations, as well as provide you with other information you will need before making your final retirement elections. Print Friendly and PDF

I want to be able to figure out when I can be eligible to retire through the 80 & out formula.

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I want to be able to figure out when I can be eligible to retire through the 80 & out formula. What is the formula and how do I use it? I'm 52 (7-18-54) and have 20 years of service as of April 2008 (started April 1988). When would be the earliest I'm able to retire?
The easiest way to find out when you will be eligible to retire is to use the Member Login feature on our website. Under the Personal Information heading, click on Select a Date Estimate. We’ve already done the work for you and your first eligible retirement date will be listed there.
If you need additional assistance, please contact a MOSERS Benefit Counselor at (573) 632-6100 or (800) 827-1063.
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How much sick leave can a person apply to years of service towards retirement?

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How much sick leave can a person apply to years of service towards retirement?
At retirement, you can earn one additional month of service credit for every 168 hours of unused sick leave you have remaining. Sick leave accrual is limited to 10 hours per month. Consequently, the maximum sick leave accrual is the number of months of actual service rendered multiplied by 10. Bear in mind that unused sick leave does not affect your eligibility for retirement so it will not allow you to retire any sooner; it can only increase the amount of your benefit.
We have received quite a number of questions about unused sick leave and retirement credit. We recently changed the Rumor Central site and you can now search by topic to see if your question has been answered previously. You can find all questions and answers related to unused sick leave here.
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I have heard from co-workers there is a rule removing the penalty if a cash payment is taken when retiring upon reaching age 58.

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I have heard from co-workers there is a rule removing the penalty if a cash payment is taken when retiring upon reaching age 58. In reviewing Rumor Central, I did not find a Q/A relating to age 58. I'm 55 with 5 years BackDROP. If I take a cash payment, what percentage of state or federal tax penalty is applied at retirement age 55 up to age 59 1/2? Also, thanks for all the great work MOSERS staff does in providing valuable information toward the decision process of retirement.
That depends on your age when you separate from service. If you are at least age 55 when you separate from service you may take the BackDROP payment at any time without it being subject to the 10% early distribution penalty. However, if you are younger than age 55 when you separate from service, a BackDROP payment taken before age 59 ½ would be subject to the 10% early distribution penalty unless rolled over to an IRA or another tax qualified plan. The withholding rate for federal income tax on BackDROP payments that are not directly rolled over is 20% of the payment You will be responsible for any state income taxes that may be due. For more information, check out the BackDROP and Special Tax Notice brochures. Print Friendly and PDF

Is there any plan to have reciprocity between MOSERS and PSRS / NTRS retirement systems

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Is there any plan to have reciprocity between MOSERS and PSRS / NTRS retirement systems in the foreseeable future?
In the context in which we would guess you are asking, whereby service credit with one system could be directly transferred to the other, we are not aware of any plans that would allow for such. However, there are several provisions already in the law that govern the transfer or purchase of creditable service. If you have non-vested service with PSRS or PEERS (formerly NTRS), you may purchase up to four years of creditable service to be added to your MOSERS service credit. If you are already vested in PSRS or PEERS, there is a separate provision to handle the transfer or purchase of that credit. You can find more information in our Acquiring Service Credit brochure. Print Friendly and PDF