Notice to Employer When Retiring

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Is there a set amount of notice that we need to give our employer when we decide to retire ?
The short answer is:  Customary practice is to notify your employer of your intent to resign at least two weeks prior to your last day of active employment. Contact the human resources staff at your agency for additional information or for answers to specific questions.

This is a question we often get at MOSERS (and understandably so), but the reality is that your resignation (termination of employment) is a process that is between you and your employer. Your retirement is a process between you and MOSERS. Often the two processes overlap, but not always. We contacted staff at OA Personnel to verify the above, which they did, and they also supplied the additional information under the heading, Resigning from State Employment, below. But first, we thought it might also be helpful for you to know a bit about the retirement process with MOSERS.

Retiring With MOSERS
Keep in mind that the retirement process is longer than two weeks. There are specific due dates for submitting both the Retirement Application and Retirement Election form. It will be at least two months between the time you submit your Retirement Application and when you get your first retirement payment, so please plan your resignation (and income) accordingly.

For example, if you are eligible and wish to  have May 1, 2016 as your retirement date, you must:

  • Submit your Retirement Application to MOSERS no later than March 31, 2016. (We encourage you to log in at www.mosers.org to your Member Homepage and apply online.).
  • Terminate your employment (stop working for the state in a benefit-eligible position) and submit your Retirement Election Form to MOSERS no later than April 30, 2016. 
  • With a  retirement date of  May 1, 2016, you will receive your first retirement benefit payment on May 31, 2016.

  Learn more about the two-step retirement process for general state employees in the Retirement Guide which is on our website. You may contact a MOSERS benefit counselors at your convenience to discuss your particular circumstances. You can call or stop by our office at any time during our regular working hours, 7:30 a.m. to 4:30 p.m. Monday-Friday.

Resigning from State Employment (Information provided by OA Personnel)

For employees of Merit agencies and UCP Non-Merit agencies, sufficient notice may allow an employee to be re-employed by a Merit agency without having to pull a certificate and have the employee rank in the top 15 or top 15% of available applicants.  The particular appointing authority has the ability to choose to re-employ an employee that has left in good standing. The standard for “in good standing” is at least 15 days.  The “in good standing” status isn’t generally that important to retiring employees because they don’t anticipate coming back to state service in a Merit (or benefit-eligible) position.

Employers generally appreciate as much notice as they can get, particularly in the case of retirements. When organizations are required to try to replace experienced and knowledgeable staff, it helps to have lead time to try to prepare.

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Is MOSERS Going Away?

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I have heard of a possibility that MOSERS retirement system will be discontinued. Is this a rumor or a fact? A friend of mine is paying some organization $15.00 a month to see that doesn't happen. 
That is just a rumor. You may have heard about the proposed cuts to retirement benefits from the “Central States Pension Fund” in the news. Central States Pension Fund is a private, Taft-Hartley (union) pension fund that is completely unrelated to MOSERS. They administer benefits for various Teamsters unions. At this time, Central States has made no reductions and, if so, they would be separate and distinct from your benefits payable from MOSERS.

Your MOSERS benefits are secure. MOSERS is a public defined benefit pension plan for most Missouri state employees. The benefits provided to retired state employees are obligations of the State of Missouri. Before any change can be made to these retirement benefits, the Missouri General Assembly must pass a bill and have that bill signed by the Governor.  Typically, as was the case in 2010 with the passage of the MSEP 2011,  plan changes made by the General Assembly affect new hires as of a certain date.  For example, the MSEP 2011 affects state employees hired for the first time on or after January 1, 2011. To track pension related proposals, you may be interested in accessing the Legislative Status Report maintained by the Joint Committee on Public Employee Retirement (JCPER) at http://www.jcper.org/legsheet.pdf which is updated daily. We will keep our members informed of any legislation that will impact their retirement, life insurance or long-term disability benefits.

We appreciate the opportunity to respond to this rumor.  Thank you for your question.

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