BackDROP Going Away?

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This morning I was told by a state employee that the backdrop benefit would be going away in January. If true, does this apply to new hires and state employees who are already vested will not be effected? 
We are not aware of any proposals to change or stop the BackDROP for members (general state employees) of the MSEP or MSEP 2000. However, members of MSEP 2011 (those first employed in a MOSERS benefit-eligible position on or after January 1, 2011) are not eligible for the BackDROP.
Any change to the BackDROP would require a change in the law, and the 2016 legislative session ends on May 13th.  As always, we will keep our members up to date through our website, newsletters and social media if there is any news on retirement-related legislation.

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Four-Day Work Week?

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A few years back I had asked about a bill relating to a four day 10 hour work week. Where is this now and is it still active?
There was proposed legislation (Senate Bill 316) during the 2011 legislative session to create a four day work week for state employees. It did not pass at that time, so it would have to be reintroduced. We are not aware of any such proposed legislation in the 2016 legislative session, which ends on May 13th. 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. Print Friendly and PDF

Rule of 80 ("80 & Out")

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Is the 80 and out plan still available to employees, that when their age and years service total 80 they can retire, or has that been raised or changed? And does it apply if you had been an employee, left state employment and then go back into it?
Yes , the Rule of 80 is available to eligible general state employees in MSEP and MSEP 2000. The age and service requirement for existing employees hired prior to 01/01/2011 remain the same at age 48 or older and their age and years of service must equal at least 80. It was changed to Rule of 90 for members of MSEP 2011 only and affects only those hired for the first time on or after 01/01/2011.

A vested member of MSEP or MSEP 2000 who leaves state employment prior to retirement but then returns may still reach retirement eligibility through the Rule of 80.

Keep in mind any of the following may affect your retirement eligibility: your retirement plan (MSEP, MSEP 2011, etc.), age, service, and if you retire directly from active employment versus leaving state government and waiting to retire. Contact a MOSERS benefit counselor to discuss your specific situation.

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