Tax Withholding Form Question

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I have a question about the Tax Withholding form in the retirement application. If I would only type in Married, and 2 allowances, Is this all that is needed? Is the additional federal amount, only if you want more taken out of your check? Should the 2 allowances be entered if a person is married?
If you elect "Married" with 2 allowances, you do not need to choose an additional withholding amount unless you would like more to be withheld. 
There is a federal tax calculator located on our website that will help estimate your tax withholding amount based on difference scenarios.
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Purchasing Active Duty Military Service

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I heard that at one time the state was thinking about letting vets add up to 4 years of their military service to their state time, is there anything in that way still going on?
In 2008 and 2009 legislation was filed that would have provided two years of MOSERS’ service to state employees with certain military service if they had been employed by the state for more than 10 years.  Since the additional service was at no cost to the employee it did have a substantial fiscal note cost.  Those bills did not pass and there was no bill like this last year.
The only option available now is purchasing up to four years of service at a subsidized rate. You can read more about that at this link. Look for the “Application to Purchase Active Duty Military Service” under “Service Credit.” Print Friendly and PDF

Transferring from CURP to MOSERS

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When I transfer from CURP to MOSERS next year, after my 6 wasted years, I will become automatically vested. The question I have is will I be considered as a "new hire" and hence be forced to pay the extra 4%? OR will my service be counted from my start date in 2006?
Since you were first hired in a CURP eligible position in 2006, you will be a member of the MSEP2000 plan after you elect to become a member of MOSERS and you will not be required to contribute 4% of your salary toward your retirement.  You are correct that you will become immediately vested in MOSERS, however, you will not receive any retirement service credit in MOSERS based on your service covered under CURP.

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Re-employment After Retirement: Elected to the Legislature

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If a former state employee, who is receiving a retirement check for their years of service is elected to the legislature, do their retirement checks stop while serving in the legislature?
Yes, if a former state employee is retired and subsequently is elected to the legislature, their retirement benefit would be stopped while they are serving their term. The details of reemployment after retirement by plan are below:
MSEP
MOSERS members reemployed in a MOSERS benefit eligible position will receive additional service credit and retirement benefits from MOSERS for periods of reemployment greater than 12 months.
MSEP2000
Members reemployed in a MOSERS benefit eligible position will receive service credit and retirement benefits from the system that covers that position for periods of reemployment greater than 12 months.
MSEP2011
Members reemployed in a MOSERS benefit eligible position will receive service credit and retirement benefits from the system that covers that position for periods of reemployment greater than 12 months.

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BackDROP in 2012

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Is the Backdrop still in place for 2012?
BackDROP remains unchanged for members who are members of either the MSEP or the MSEP2000 plan. For members in the MSEP2011 plan, who were hired for the first time in a benefit eligible position on or after January 1, 2011, BackDROP is no longer an option at retirement. You can see a summary of benefits chart for each of the three plans at this link.
We encourage you to contact one of our benefit counselors to discuss individual circumstances. You don’t need an appointment, so you can call or come in anytime during our normal business hours, M-F 7:30 a.m. – 4:30 p.m. or call 800.827.1063, option 4.

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2012 COLA for Retirees Unknown Until Mid-January

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Are retirees going to get a COLA raise in 2012 and if so, how much?
At this point, we don't know if there will be a cost of living adjustment (COLA) in 2012. We will not be able to make a determination until mid-January at which time we will have the complete picture of the Consumer Price Index for all of 2011. COLA rates are determined in January, and we will inform members of the COLA rate at that time.    
Here's a link to a September, 2010 post indicating statutory language that governs COLAs.
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