Showing posts with label credited service. Show all posts
Showing posts with label credited service. Show all posts

How is Final Average Pay Calculated?

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I thought retirement payments were based on last 3 years' salary of employment at the state. I heard over the weekend that retirement payment is actually based on 36 months of your highest paid salary throughout a state employment history. Would appreciate clarification. Thanks.
To calculate your pension benefit, we will use your highest 36 full consecutive months of paywherever that occurs in your individual pay history. Practically speaking, most people earn their highest 36 consecutive months of pay in their last three years of state employment, but not always.

Read below for more information. 

We calculate benefits for general state employees using this formula: 
Final Average Pay (FAP) x Credited Service x Multiplier = Monthly Base Benefit

•         FAP is the average of your highest 36 full consecutive months of gross pay no matter where in your work history that may fall. Practically speaking, for most, it is during their last three years, but not always. (Note: If you become eligible for and elect the BackDROP upon retirement, your FAP will be calculated using your MOSERS-covered work history prior to your BackDROP date. In other words, pay during the BackDROP period is excluded when calculating your monthly benefit amount.) 
•         Credited Service is the amount of time (in years & months) that you have worked in a MOSERS benefit-eligible position (added to any 
service credit that you may have purchased or transferred).
•         Multiplier – The multiplier for
MSEP is 1.6% (0.016); for MSEP 2000 & MSEP 2011 it is 1.7% (0.017).


As an example, let’s use the following assumptions:
•         Final Average Pay - $2,600.00     
•         Credited Service - 25 Years 3 Months      
•         MSEP Multiplier - 1.6% (.016)

$2,600.00 x 25.25 x .016 = $1,050.40 in monthly pension benefits from MOSERS

See Which Plan Am I In? to determine if you are a member of the MSEP, MSEP 2000, or MSEP 2011 and to find summaries of benefits, brochures, handbooks, videos and more. Use the Member Login to access your own individual information, see when you are eligible to retire, print a benefit estimate, and retire online when you are Ready to Retire.
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Increasing Contributions?

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Is it possible to contribute more to your pension, to lower your retirement date and still receive a full pension.
No. The only potential way to move your retirement eligibility date closer is to purchase or transfer qualifying prior public service that you may have and combine it with your MOSERS pension. See our MSEP 2011 Acquiring Service Credit brochure for more information or contact a MOSERS benefit counselor to see if you qualify and if it would be beneficial for you to do so.

In order for any prior public service to qualify, it must have been full-time, nonfederal, public (government) employment that you performed in Missouri. Examples include prior employment with a public school, city, or county in Missouri, or employment covered by the MoDOT & Patrol Employees Retirement System (MPERS). This could potentially make you eligible for retirement sooner if the extra service resulted in you hitting the Rule of 90 prior to age 67. (The Rule of 90 is available only to those still actively employed by the state.)

You may also want to keep in mind that you are not required to keep working for the state until retirement age in order to get your pension. Once you are vested with MOSERS, even if you leave state employment, you will be eligible for a lifetime monthly benefit once you also meet the age and all other legal requirements and retire under a MOSERS defined benefit pension plan. Your benefit is calculated using the formula:
Final Average Pay x Credited Service x Multiplier = Monthly Base Benefit. 
Remember, it is this formula, NOT employee contributions (made by those first employed on or after 1/1/2011), that determines your monthly retirement benefit. The longer you work, the more your benefit will be.

You certainly can contribute more to MO Deferred Comp to increase your supplemental savings for retirement but it won’t make you eligible for retirement any sooner.

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Using Leave After Applying for Retirement

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Once you submit retirement papers with a date for retirement are you allowed to take any annual or sick time?
Check with your agency’s human resources office about your specific guidelines for annual and sick leave accrual and usage before retirement.  However, please be aware that MOSERS converts unused sick leave hours into months of service credit to be used in your retirement benefit calculation.  So, any usage of sick leave near your retirement date may affect previous benefit estimates you have received.  Annual leave has no effect on your MOSERS benefit. You can learn more about how unused leave hours affect your retirement benefit here.    

We have also answered many related questions on sick leave on Rumor Central under the category heading Unused Sick Leave: http://mosersrc.blogspot.com/search/label/unused%20sick%20leave.  

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Credited Service for Army Reserve?

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I just have a question regarding having Served in the Army Reserve. Can a state employee receive any credit for having served as a Reservist? 
Yes, it is possible, depending on when your military service was performed relative to your state employment. There are provisions that allow you to 1.) purchase or 2.) receive automatic credit at no cost* for your eligible active-duty military service. Short duration active-duty military service such as two-week annual trainings in the reserve forces may qualify for service credit. This additional service credit will be used in determining your eligibility for retirement and calculating the amount of your benefit.

We encourage anyone interested in purchasing prior active-duty military service to speak to a MOSERS benefit counselor, who can provide cost estimates. The primary timing issue for you to consider when making a service purchase is that, the longer you wait, the more it will cost. In other words, it is often to your advantage, in terms of cost, to purchase service sooner rather than later to avoid additional interest costs. See the Acquiring Service MSEP/MSEP 2000 brochure (page 6) for more information. Any eligible purchases must be applied for and paid for in full prior to applying for retirement. 

*Note: Members of the MSEP 2011 may get automatic credit if they were employed by the state immediately prior to entering the armed forces and return to state employment within the timeframe specified by USERRA. However, purchase of prior active-duty military service credit is not available to members of MSEP 2011.

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Sick Leave & BackDROP Period

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Questions regarding sick leave. I have around 22 months of employment remaining before I reach the 80 and out. I have around 1900 hours of sick leave currently. Does sick leave still contribute towards your credible service period? If I elect to backdrop, does this apply to the backdrop period if I do not count this towards credible service? Thank you!
 Yes, you will get one month of credited service for each block of 168 hours of unused sick leave you have at retirement. While this will increase the amount of your benefit, unused sick leave cannot count toward eligibility for retirement or as part of the BackDROP period. That is, the months of unused sick leave will not make you eligible for retirement (or BackDROP) sooner, but will increase the amount of your payment once you have retired. Print Friendly and PDF

Unused Sick Leave at Retirement

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I know any sick leave balance you have at retirement can go toward years served. I also know that if you have 26 years of service with the state at retirement, the state will pay 65% of your insurance premium. I have approximately 1700 hours of sick leave. Will that time count toward the years of service for the 65% reduction of my insurance premiums?
Yes. You will get one month of credited service for each 168 hours of unused sick leave you have at retirement. If you have 1700 hours of unused sick leave, you will get 10 additional months of credited service. (This service does not count toward eligibility for retirement but will increase the amount of your pension benefit payments.) MOSERS will report your actual service plus any additional service for unused sick leave to MCHCP. Note below, that their calculation for the subsidy is based on FULL years of service.

Here is additional information from the MCHCP website

The retiree premium is based on years of service with the state at retirement. The state contribution is calculated by using the number of full years of service as reported by MOSERS or another retirement system multiplied by 2.5 percent. The contribution for non-Medicare retirees is based on the PPO 600 Plan premium with the tobacco-free incentive and wellness premium. The contribution for Medicare retirees is based on the PPO 600 Plan total premium. The maximum state contribution cannot exceed 65 percent.

Employees whose premiums are collected pre-tax through the cafeteria plan have the opportunity to pre-pay premiums pre-tax as a retiree. Prepaid premiums may only be paid within the same calendar year*. To prepay, retirees must submit their enrollment request at least 31 days prior to their retirement date. The first month’s premium for retiree coverage will be divided between the last two active paychecks. Additional prepaid premiums may be collected from the retiree’s last two active paychecks and/or lump sum vacation/compensatory time payroll. Verify this payroll amount with the HR/Payroll personnel to determine how many months of retiree premiums can be prepaid.

* Employees with a retirement date of Dec. 1 cannot prepay premiums, since future premiums would be for a different plan year. Employees with a retirement date of Jan. 1 can only prepay premiums using funds from their final active payroll (usually Jan. 15) and/or their vacation and compensatory time payroll.

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Income Replacement in Retirement

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I was told that if you work for the state for 40 years that your retirement will be roughly the same as your salary. This doesn't make sense to me but need to check it out.
With forty years of service, your retirement benefit from MOSERS would not be the same as your salary; however, your MOSERS benefit plus your Social Security benefit would be closer to replacing most of your pre-retirement salary. Here is more information:

The retirement plan through MOSERS is a defined-benefit pension. That means the benefit is defined by law and based on a formula as shown here:

Final Average Pay (FAP) x Credited Service x Multiplier (1.6% for MSEP; 1.7% for MSEP 2000/MSEP 2011) = Monthly Base Benefit  

Example: Let’s assume that when you retire, your annual salary is $40,000; you have 40 years of service; and you elect MSEP with a  multiplier of 1.6% (0.016)

FAP ($40,000/12 = $3,333.33 monthly) x Credited Service (40 years) x Multiplier (0.016) = Monthly Base Benefit

$3,333.33 x 40 x 0.016 = $2,133.33

With 40 years of service, your monthly base benefit is equal to 64% of your salary at retirement. This does not include the impact of such provisions as the Temporary Benefit which may apply, if eligible, or COLAs in retirement.

As noted in our publication, Key Facts, generally speaking, combined pension and social security benefits should replace approximately 75% of a 30-year employee’s final average pay. Additional personal savings through programs such as MO Deferred Comp can make up the difference. You can get a pension benefit estimate at any time by logging in to your Member Homepage. Click on Estimates, then on Estimate Your Retirement Benefit. You may wish to print several versions based on different dates or other factors. Or, contact a MOSERS benefit counselor to request estimates or to make an appointment for a face-to-face meeting. We encourage you to explore the section of our website called “What Plan Am I In?” to read more about the specific provisions in each plan. Once you meet the age and service requirements and retire under a MOSERS defined benefit plan, you are guaranteed a lifetime pension benefit. When you are Ready to Retire, we are here to help.


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Pension Funding

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If the MOSERS retirement fund is only 69.6% funded currently and that figure does not go up or only goes up a little by the time I am eligible to retire in 5 years then does that mean I will only get
69.6 % of what I am supposed to get on my monthly pension?
No. MOSERS pays 100% of the promised benefits due to members. The funded status (technically the unfunded actuarial accrued liability or UAAL) of the retirement system is separate from the formula that is used to calculate your MOSERS retirement benefit. We are not a “pay-as-you-go” system, rather we are pre-funded through contributions from the state, contributions from members who were first employed on or after January 1, 2011, and from investment earnings. The funded status refers to the value of assets we have currently relative to all present and future liabilities.

MOSERS provides a defined-benefit pension. That means the benefit is defined by law and based on a formula as shown here:

Final Average Pay (FAP) x Credited Service x Multiplier = Monthly Base Benefit

The multiplier is determined by your plan (1.6% for MSEP; 1.7% for MSEP 2000/MSEP 2011). We encourage you to explore the section of our website called “What Plan Am I In?” to read more about the specific provisions in each plan.

We have answered many Rumor Central questions on system funding recently that you may also find helpful.

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Purchasing Military Service

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Can you buy military time at different time such as 2 years now and the remaining 2 years at a later date? Or are you required to buy it all at one time?
You must buy it all at one time, if you elect to purchase your active-duty military service. Additionally, you must purchase all that you served (total months and days) up to a maximum of four years. However, you may make payments for up to two years. Vested members of MSEP and MSEP 2000* are allowed to purchase prior active-duty military service at a subsidized rate.

We encourage anyone interested in purchasing prior active-duty military service to speak to a MOSERS benefit counselor, who can provide cost estimates. The primary timing issue for you to consider when making a service purchase is that, the longer you wait, the more it will cost. In other words, it is often to your advantage, in terms of cost, to purchase service sooner rather than later to avoid additional interest costs. See the Acquiring Service brochure for more information. Any eligible purchases must be applied for and paid for in full prior to applying for retirement. 

*Note: members of the MSEP 2011 may get automatic credit if they were employed by the state immediately prior to entering the armed forces and return to state employment within the timeframe specified by USERRA. However, purchase of prior active-duty military service credit is not available to members of MSEP 2011.

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Refund After Termination?

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What happens to the money in your retirement fund if you start a new career before retiring? Can you still collect it?
Yes, you may still be able to collect it, but your options and the details of how depend on which plan you belong to, if you are vested or not, and if you take a refund of your member contributions or not if you are a member of MSEP 2011.

If you are vested with MOSERS (you have at least 5 years of service in MSEP or MSEP 2000 or at least 10 years in MSEP 2011) and then leave state employment, you will be eligible for a lifetime monthly benefit which will begin once you meet the age and all other legal requirements and retire under a MOSERS defined benefit pension plan. This provides financial security because, with a defined benefit pension plan, you can’t “outlive your money”. Here are more details:

•         If you are a member of MSEP 2011, you pay contributions to help fund the system. Upon termination of employment, you may request a refund of your contributions* or you may leave your contributions with MOSERS.

o   By receiving a refund of contributions, you forfeit all your credited service and any future rights to receive benefits from the system, but you get a check equal to the amount of contributions you made plus any interest.

o   If you leave your contributions with MOSERS and later return to a MOSERS or MPERS benefit-eligible position, after 12 continuous months of service, you will begin adding to your previous service and working toward a possible future pension benefit. (Contributions from a terminated vested member of MSEP 2011 will continue to accrue interest annually until the member is eligible for normal retirement or withdraws the contributions. Contributions from a terminated non-vested member will not accrue interest.)

•         If you are a  member of MSEP or MSEP 2000, your employer pays the necessary contributions into our system so that you may draw a future retirement benefit. Since those members do not pay these contributions, they are not eligible for a refund.

* Please Note - By receiving a refund, terminated MSEP 2011 members forfeit all their credited service and any future rights to receive any retirement and long-term disability benefits, and rights to coverage through Missouri Consolidated Health Care Plan (MCHCP) other than as a dependent under provisions of COBRA.

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Retroactive Vesting for MSEP 2011 Members?

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Assume HB 729 passes. How would that bill affect an employee who was hired after 2011, now has more than 5 years of service, but leaves state employment prior to passage of the bill. Would that person be vested retroactively?
It would have no effect on such a person and, no, as it is currently written, HB 729 does not allow for retroactive vesting. Eligibility for benefits for any MSEP 2011 member who has already or who will terminate employment before the effective date of the bill (currently 1/1/2018) is based on the laws in effect on that person’s termination date*. Non-vested service is considered forfeited.

Assuming they did not take a refund of their member contributions after termination, if such a member returns to work in a MOSERS (or MPERS) benefit-eligible position, their forfeited service will be restored and combined with their new service after they work continuously for one year in a MOSERS (or MPERS) benefit-eligible position.  So, if the vesting requirement was 10 years when they left but they came back in a benefits-eligible position and worked continuously for at least one year, they would then fall under the five-year vesting rule.

Example:  Let’s say Kathy worked in a MOSERS benefit-eligible position from January 1, 2011 until March 31, 2016 (5 years & 3 months). HB 729 passed as currently written. Kathy returns to work in a MOSERS benefit-eligible position on February 1, 2018 and works continuously for one year. On February 1, 2019 (with a total of 6 years & 3 months), her previous service will be restored and she will become vested, which means she is eligible for a future pension benefit from MOSERS. She can begin drawing her pension benefit once she also meets the age requirement and completes the retirement process.  Because the formula for MOSERS pension benefits uses service in the calculation (Final Average Pay x Service x Multiplier = Monthly Base Benefit), the more service she has, the higher her benefit will be.

Please note that this is proposed legislation. It must be passed by the Missouri House and Senate and approved by the Governor. If it is passed, it could change during the process. We do not know what might happen with individual bills during the legislative session but we will monitor all legislation impacting MOSERS and inform our members of any changes that become law. The 2017 legislative session ends on May 12, 2017.

*Termination date is your last day of work in a MOSERS (or MPERS) benefit-eligible position, as reported by your employer.



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Unused Sick Leave

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I know there is no limit on how much unused sick leave can be applied to credited service. And I also understand I will receive one month of credited service for every block of 168 hours of unused sick leave reported to MOSERS by my employer at the time I leave my position. Will I also get paid for my unused sick leave, like I would get paid for all unused annual leave at the time of retirement from the state?
No. Since you are getting credited service and therefore a higher benefit, you will not get paid for any unused sick leave. Print Friendly and PDF

Final Average Pay (FAP)

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Is my retirement high three year average based on my base pay or is it based on my gross pay? (gross pay being base pay plus all overtime pay that was cashed out.)
 Your pension benefit uses your gross pay (before taxes, health insurance, cafeteria plan, etc. and may include overtime pay and holiday pay). Pay is one part of the three-part formula for general state employees:

Final Average Pay (FAP) x Credited Service x Multiplier = Monthly Base Benefit

•         FAP is the average of your highest 36 full consecutive months of gross pay no matter where in your work history that may fall. Practically speaking, for most, it is during their last three years, but not always. (Note: If you become eligible for and elect the BackDROP upon retirement, your FAP will be calculated using your MOSERS-covered work history prior to your BackDROP date.) 
•         Credited Service is the amount of time (in years & months) that you have worked in a MOSERS benefit-eligible position (added to any service credit that you may have purchased or transferred).
•         Multiplier – The multiplier for MSEP is 1.6% (0.016); for MSEP 2000 & MSEP 2011 it is 1.7% (0.017).

As an example, let’s use the following assumptions:
•         Final Average Pay - $2,600.00    
•         Credited Service - 25 Years 3 Months      
•         MSEP 2000 Multiplier - 1.7% (.017)

$2,600.00 x 25.25 x .017 = $1,116.05 in monthly pension benefits from MOSERS

See Which Plan Am I In? to determine if you are a member of the MSEP, MSEP 2000, or MSEP 2011 and to find summaries of benefits, brochures, handbooks, videos and more. Use the Member Login to access your own individual information, see when you are eligible to retire, print a benefit estimate, and retire online when you are Ready to Retire.

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Sick Leave Limit?

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Is there a limit on how much sick leave time can be applied/added to years of service? Also how is it figured.
 No, there is no limit on how much unused sick leave can be applied to credited service (except that it cannot exceed the amount possible to accrue during your time of state employment and employees of colleges and universities should discuss maximum accrual levels and procedures with their HR office).
You will receive one month of credited service for every block of 168 hours of unused sick leave reported to MOSERS by your employer at the time you leave your position. For example, if you have 400 hours of unused sick leave, you will receive credit for an additional two months of service when your retirement benefit is calculated (400/168=2.38).
Your sick leave is used in calculating the amount of your retirement benefit, but cannot be used to determine eligibility for retirement. That is, the two months of unused sick leave will not make you eligible for retirement two months sooner but will increase the amount of your payment.

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Final Average Pay

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Is our retirement benefit based on the 3 highest years of wages?
or the 3 highest years of wages before you hit 80 and out?
I keep hearing both, so not sure which is right.
The answer depends on if you elect BackDROP (if eligible); not when you hit “80 & Out”. 

If you are a general state employee, your retirement benefit is calculated using a three-part formula:

Final Average Pay (FAP)        x            credited service         x             a multiplier

FAP is determined using your highest 36 full consecutive months of pay when looking at your entire work history covered under MOSERS. Practically speaking, for most, that is their last three years, but not always.

The exception to this would occur under the BackDROP (if eligible). If you become eligible for and elect the BackDROP upon retirement, your highest 36 consecutive months would be determined from your MOSERS-covered work history prior to your BackDROP date. (Some people find BackDROP easier to understand if they think of the BackDROP period as being “cashed in” because salary and service during that period don’t count in the calculation of your monthly benefit amount.)

So, to reiterate, if you don’t elect BackDROP, your monthly benefit will be based on your highest 36 full consecutive months of pay, regardless of whether that is before or after you might hit “80 & Out”.  See page 20 of the MSEP/MSEP 2000 General Employees Retirement Handbook for an example and more detailed information. Also, keep in mind that “80 & Out” is not the only way to become eligible for retirement. For example, as a general state employee in MSEP 2000, you might become eligible for normal retirement at age 62 with 5 years of service before you would become eligible for “80 & Out”.  See Which plan am I in? with a list of plan provisions including criteria for normal retirement eligibility in each plan. 

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Retiree Health Care Premiums

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Is it true that if I have 30 years of service with the state of Missouri when I retired I would only need to pay half of my health insurance coverage?
The state’s contribution toward retiree health care premiums is based on years of service. The state’s contribution (also referred to as a subsidy) is 2.5% for each FULL year of service. The maximum subsidy is 65% (up to 26 years). It is based on the PPO 600 Plan.

Keep in mind that retiree health care premiums are higher than those of active state employees. For example, if your retiree health care premium is $800 and you received the maximum subsidy (65%), your portion of your premium would be $280 (35%). Specific questions regarding health care benefits should be directed to your health care provider, which, for most state employees, is Missouri Consolidated Health Care Plan (MCHCP).

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Sick Leave & Retirement

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Is it true that I can retire sooner if I have sick time and vacation time that I don't want to cash in. I am retiring on April 1, 2016. But if I could retire sooner by using the time I have on the books I would. 
No. While your unused sick leave can* increase the amount of your monthly benefit, it cannot be used to determine eligibility for retirement or BackDROP (if eligible). You will receive one month of credited service for every 168 hours of unused sick leave reported to MOSERS by your employer once you have terminated your employment with the state. Since credited service is one part of the formula used to calculate your benefit, the more service you have; the higher your monthly payment will be.
Your unused vacation/annual leave has no impact on your MOSERS benefits. You should discuss your employer’s policy regarding payment to you for any unused annual leave with a knowledgeable person in your HR office.
We receive many questions about sick leave on Rumor Central, so you may want to read our previous answers for more information: http://mosersrc.blogspot.com/search/label/unused%20sick%20leave

*For sick leave to count as credited service:

MSEP
–– You must be eligible to retire on date of termination.
MSEP 2000
–– You do not have to be eligible to retire on date of termination.

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What Does Vesting Mean?

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I am just interested in getting a clear understanding of benefits as far as retirement and full investment if that is what it's called. I will be here at the courts for 5 years at the end of this month, and just wanted to know as far as benefits what does that mean?
To be “vested” means you have worked long enough for the state that you are eligible for a future retirement benefit through MOSERS. (The vesting requirement for MSEP and MSEP 2000 is five years of credited service; for MSEP 2011 it is ten years of credited service.) Once you meet the age and service requirements and retire under a MOSERS defined benefit (DB) plan, you are guaranteed a lifetime pension benefit. The longer you work for the state and the higher your pay; the higher your monthly retirement benefit will be.

The formula for calculating a retirement benefit for members of MSEP 2000 is: Final Average Pay x Credited Service x .017 = monthly retirement benefits. For example, we would calculate the monthly retirement benefits for an MSEP 2000 member who has a final average pay of $2,500 per month and has 25 years of service with the state like this: $2,500 x 25 x .017 = $1,062.

More detailed information and an example of how your benefit adds up over time is available on our website in our member handbooks and you might find this video about vesting helpful also. Most state employees also receive their life insurance and long-term disability insurance through MOSERS. Benefits are a significant part of your total compensation package.

We suggest you register for a password to access your secure Member Homepage on the MOSERS website, if you haven’t already done so. With a password, you can create your own benefit estimates, view your annual benefit statements, complete and submit many forms, register for a PreRetirement seminar, and, when it’s time, even retire online!


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Does Home Daycare Count Toward Credited Service?

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I was told that if you had a Missouri licensed child daycare home that this would count towards your credit hours worked. Is this true? Thanks for your assistance.
No this is not true. We record your service as it is reported to us by your employing agency. You will only receive service credit for periods that your employer reports you worked in a benefit-eligible position.
Temporary and part-time positions are not usually benefit-eligible, and are not generally counted as service credit for retirement purposes.

A self-employed day care would not be considered state employment as you will not be paid by the state or employed by a state department. Rather, you will be paid by the parent of the children for whom you provide care.

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Rule of 80 and BackDROP

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After 25 years I hit "80 and out." Does the additional time I spend in Backdrop count as years of service? Will my retirement benefit be based on 25 or 30 years if I do 5 full years Backdrop?
Your question about how service “counts” is a good one. In a defined benefit plan, such as the one MOSERS administers, your benefit is calculated based on a formula that multiplies together three factors, including your service. MOSERS counts service in years and months and can include time that you have worked, purchased, or transferred, as well as sick leave in full month increments of 168 hours.

First, without BackDROP, since 30 years is a larger number than 25 years of service, your monthly benefit amount would be higher.

If you choose BackDROP, you receive a smaller monthly benefit for life (based on 25 years in your example) plus a lump sum payment at your retirement. You would still receive a monthly benefit for your lifetime, but generally the amount would be less because fewer years of service are used in the formula. Then the lump sum amount is based on 90% of the benefit you would have received had you been retired during the BackDROP period (plus possible COLAs).

You can find a good example on page 30 of the General Employees’ Handbook or use the Rumor Central Search feature to find previous questions related to BackDROP and service that may be helpful to you.

Additionally, if you are covered by the Missouri Consolidated Health Care Plan (MCHCP) and intend to keep this health insurance in retirement MOSERS will report your “total” years of service (30 in your example) to MCHCP for purposes of calculating your retiree health premium (whether you choose any BackDROP or not).

As always, please contact MOSERS for individual information about your retirement benefits and direct questions about your health insurance to MCHCP.


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