Showing posts with label benefit-eligible position. Show all posts
Showing posts with label benefit-eligible position. Show all posts

Part-Time Employment

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My initial State employment was as a part time employee. Do any of those years count towards my years of service when calculating my retirement options?
No, most likely not. The position must be “benefit-eligible”. Part-time positions are usually not benefit-eligible so that service likely does not count for retirement purposes. You will receive service credit only for periods that your employer reports you worked in a benefit-eligible position and for which they made employer contributions to MOSERS.

A position is benefit-eligible if it meets these two criteria:

1. The position must be in the nature of an ongoing (a multi-year position including a position covered by a contract) or permanent position.
2. The position must normally require the performance of duties of not less than 1,040 hours per year.

If the position meets both requirements, the position is eligible for MOSERS benefits. If not, the position is not eligible for MOSERS benefits. You may contact a MOSERS benefit counselor and they can tell you what service we have on record for you and provide you with benefit estimates.

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BackDROP & Reemployment With the State

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If I retire with Backdrop, how long do I have to wait if I want to start back working in a state-paid position?
If you retire and return to work in a benefit-eligible* position, your monthly retirement payment will stop as soon as we are notified that you are re-employed. Once you have worked for at least 12 continuous months in your new benefit-eligible position, you will begin accruing a separate retirement benefit.

Once you re-retire, your previous benefit will restart and your new benefit (based on your new service and salary) will be calculated and your benefit payments (old benefit plus new benefit) will resume. You are not allowed to elect BackDROP after you have first retired. In other words, you will not be eligible for BackDROP if you return to state employment after having already retired from the state.

If you retire and return to work in any position not covered by MOSERS or MPERS (including work for the state in a non-benefit-eligible position), you may continue receiving your MOSERS pension benefits and earn as much as you wish. Such employment will have no effect on your MOSERS benefit.

*A benefit-eligible position is one that normally require at least 1,040 hours of work per year, is permanent in nature, and is covered by MOSERS or the MoDOT and Patrol Employees’ Retirement System (MPERS). Your employer, not MOSERS, determines if you are working in a benefit-eligible position.


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University of Missouri

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With MU in discussions to buy St. Mary's Hospital, will benefited employees (Part-time and full-time) who are retired from the state of Missouri and receiving their retirement benefit have to stop that benefit when they become MU employees and fall under that plan? 
No. MOSERS and the University of Missouri are separate retirement systems. A MOSERS retiree could take a part-time or full-time position with an MU employer and continue receiving their benefits since such employment would not be in a MOSERS or MPERS benefit-eligible position.

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Break in Service

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If I want to take a break from working right after retirement and not do the backdrop at that moment, how long can that break be before I decide to go back to work in a MOSERS-covered position? Or can that be done? And will that be considered backdrop then?
Per MOSERS board rule, a break in service is being off payroll for an entire calendar month. It looks like you have three options.

1. If you retire and return to work in a benefit-eligible* position, your monthly retirement payment will stop as soon as we are notified that you are re-employed. Once you have worked for at least 12 continuous months in your new benefit-eligible position, you will begin accruing additional retirement benefits. Once you re-retire, your benefits will be recalculated and your benefit payments will resume. You are not allowed to elect BackDROP after you have first retired. In other words, you will not be eligible for BackDROP if you return to state employment after having already retired from the state.
2. If you retire and return to work in any position not covered by MOSERS or MPERS (including work for the state in a non-benefit-eligible position), you may continue receiving your MOSERS pension benefits and earn as much as you wish. Such employment will have no effect on your MOSERS benefit.
3. If you leave state employment but don’t retire and then, after a break in service, return to state employment in a benefit-eligible position, you may become eligible for and elect BackDROP.

Visit our website for a list of state agencies who employ workers in MOSERS-benefit-eligible positions. Be sure to discuss your situation with the human resources staff at the agency where you are considering employment. They will be able to tell you whether or not the position is eligible for benefits.

You may contact a MOSERS benefit counselor to get more information about your individual situation and options.

*A benefit-eligible position is one that normally require at least 1,040 hours of work per year, is permanent in nature, and is covered by MOSERS or the MoDOT and Patrol Employees’ Retirement System (MPERS). Your employer, not MOSERS, determines if you are working in a benefit-eligible position.

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Merit System & Reemployment

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Since the Merit system has been removed (by the newly signed law), does this mean that someone who retired from a Merit job could go back to work for the State and still collect their pension?
No. SB 1007, which had the “merit system” language does not contain any changes to any MOSERS benefit provisions. SB 1007 modifies and repeals several provisions relating to the State Personnel Law (SPL), commonly referred to as the Merit system.

As a general state employee, your MOSERS retirement benefit will stop if you retire (or are already retired) and later return to work in a benefit-eligible position covered by MOSERS or MPERS (the MoDot & Patrol Employees’ Retirement System).

Your employer determines if the position is benefit-eligible. MOSERS administers pension benefits for most state agencies and regional state universities. See our website for a complete list of employers covered by MOSERS. If you have a question about whether or not accepting a position with the state will affect your MOSERS retirement benefit, we advise you to check with your potential employer.

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Becoming Vested

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When do you become vested? Is the 5 years calculated by your date of hire (to the exact date?) or the end of month in which you were hired? 
Vesting occurs 5 full years from your date of hire in a benefit-eligible position. Therefore, barring any non-creditable leave periods, a member who began employment on February 21, 2018 would become vested on February 21, 2023. Once you are vested with MOSERS, even if you leave state employment, you will be eligible for lifetime monthly benefit payments once you also meet the age requirement (and any other legal requirements) and retire under a MOSERS defined benefit pension plan.

The 5-year vesting for MSEP 2011 members went into effect on 1/1/2018 and MSEP 2011 members must be actively employed on or after 1/1/2018 to be covered by this change.

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Reemployment After Retirement from MOSERS

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Can you retire from a Mosers position and take a position with one of the State universities and still draw your Mosers pension?
As a general state employee, your MOSERS retirement benefit would be stopped if you retire and later return to work in a benefit-eligible position covered by MOSERS or MPERS (MoDot & Patrol Employees’ Retirement System).

Your employer determines if the position is benefit-eligible. MOSERS administers benefits for most state agencies and regional state universities. See our website for a complete list of employers covered by MOSERS. If you have a question about whether or not a position will affect your MOSERS retirement benefit, we advise you to check with your potential employer.

MOSERS DOES administer retirement benefits for the following:
Harris-Stowe State University
Lincoln University
Missouri Southern State University
Missouri State University
Missouri Western State University
Northwest Missouri State University
Southeast Missouri State University
Truman State University
University of Central Missouri
State Technical College of Missouri

 MOSERS does NOT administer retirement benefits for the four campuses in the University of Missouri System – MU, UMKC, UMSL, and Missouri S&T.

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Reemployment After Retirement

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Can you clarify which state retirement systems a Moser's retiree can work for full-time and still draw their retirement?
Besides MU, can a retiree work for Dept of Conservation? A state funded position at local courts, etc.
As a general state employee, your MOSERS retirement benefit would be stopped if you retire and later return to work in a benefit-eligible position covered by MOSERS or MPERS (MoDot & Patrol Employees’ Retirement System).  MOSERS administers benefits for most state agencies. See our website for a complete list. Your employer determines if the position is benefit-eligible, so if you have a question about whether or not a position will affect your MOSERS retirement benefit, we advise you to check with your potential employer.

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Reemployment After I Retire?

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If I retire, rollover 2 year backdrop and then find out I can't live on my monthly benefit can I seek employment with state agency again? 
Yes. If you retire and return to work in a benefit-eligible position (normally requiring at least 1,040 hours of work per year and permanent in nature), covered by MOSERS or the MoDOT and Patrol Employees’ Retirement System (MPERS), your monthly payment will be stopped upon official notification of your re-employment. Your employer determines if you are working in a benefit-eligible position.
Once you again terminate and re-retire, your benefits will be recalculated and your benefit payments will resume. You are not allowed to accrue any additional BackDROP payments in connection with such additional service.
Alternatively, you may continue receiving your MOSERS pension benefit while working for any employer not covered by MOSERS or MPERS (including work for the state in a non-benefit-eligible position) and earn as much as you wish.  Such employment will have no effect on your MOSERS benefit.
Remember, MOSERS benefit counselors are available by phone at (800) 827-1063 or in person M-F, 7:30 a.m. - 4:30 p.m., if you would like to discuss your options.  We understand that retirement is a big decision.

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Part-Time Employment & Reemployment

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We received two similar questions about part-time work and reemployment, and below are our answers to both:

How does switching to part time impact my retirement?
How many hours per month can I work without jeopardizing my retirement benefits?
Temporary and part-time positions are not usually benefit-eligible, and are not generally counted as service credit for retirement purposes. You will only receive service credit for periods that your employer reports you worked in a benefit-eligible position.

A position is benefit-eligible if it meets these two criteria:
  1. The position must be in the nature of an ongoing (a multi-year position including a position covered by a contract) or permanent position. 
  2. The position must normally require the performance of duties of not less than 1,040 hours per year. 
If the position meets both requirements, the position is eligible for MOSERS benefits. If not, the position is not eligible for MOSERS benefits.

If you are already retired and return to work in a part-time position, which is ongoing or permanent and normally requires the person to work 1,040 or more hours per year, the position should be reported by your employer as benefit-eligible and MOSERS will stop your retirement benefit. In other words, you would be considered a benefit-eligible employee once again and the retirement benefit would stop for as long as you  continue to work in such a position.

Returning to work in a “position” that is not benefit-eligible will not cause your MOSERS retirement benefit to stop.

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Benefit-Eligible Position

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Hello! I am considering applying for a state job, and I want to vest in retirement with MOSERS. I am 40 years old, so it's time to think ahead. Do all new employees who go to work for the state have the opportunity to vest in MOSERS? If not, which departments do? I appreciate your time. This is a serious consideration.
In order to qualify for state retirement benefits, you must work in a “benefit-eligible position.” This is determined by your Human Resources office. A position is benefit-eligible if it meets these two criteria:
  1. The position must be in the nature of an ongoing (a multi-year position including a position covered by a contract) or permanent position.
  2. The position must normally require the performance of duties of not less than 1,040 hours per year.
To see if a particular state agency is a member of MOSERS, you can check the Are You a Member of  MOSERS? page on our website. Certain colleges and universities as well as the Department of Conservation administer their own life insurance and long-term disability benefits. You can check the Statewide Employee Benefit Enrollment System (SEBES) Brochure to see an overview of all the benefits available to state employees. 

Your vesting period for retirement depends on which plan belong to under MOSERS. See the Which Plan am I In? section of our website so you can view the membership requirements and features of each plan. If you first work in a MOSERS benefit-eligible position on January 1, 2011 or later, you belong to the MSEP 2011, which has a 10-year vesting requirement. MOSERS is a defined benefit plan, meaning that once you are vested, you will receive a set benefit for your lifetime, including cost-of-living-adjustments (COLAs) and potential survivor benefits.

If you have any questions about the retirement, life insurance or long-term disability benefits administered by MOSERS, we invite you to contact us for more information

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Reemployment After Retirement at MOSERS and MPERS

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I am preparing to retire. I am also considering another position that is covered under MPERS. I have been informed that as a MOSERS employee, I can not be employed full time in a MPERS covered position. I know that there has been two MPERS retirees employed by our agency in the last year or so. Why is this so?
Reemployment after retirement is not prohibited, however, whether or not you are entitled to continue receiving your MOSERS benefit is determined by law.  The statute governing such can be found here.  Basically, if you retire and then become employed in a benefit eligible position covered by the MoDOT and Patrol Employees’ Retirement System (MPERS), your MOSERS benefit will be stopped until you retire again.

However, retirees of MPERS do not have the same statute, therefore, it does not prohibit them from being reemployed elsewhere.

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