Showing posts with label felony. Show all posts
Showing posts with label felony. Show all posts

Disqualification for Benefits

Posted on
if an employee gets fired after they are vested do they still get to keep their retirement benefits when they reach the age of 80 and out in my case.
Yes. Once you reach the age and service combination that makes you eligible for retirement (such as “80 and Out” for members of the MSEP or MSEP 2000) and submit all  necessary forms, you will still get your pension benefit.  A termination cannot revoke your vested benefits. Bear in mind that your retirement eligibility date may change if you are no longer accruing service credit, retirement is a two-step process and there are deadlines concerning when forms need to be received by MOSERS and other benefit providers. See the MOSERS Retirement Guide for more information.

While termination does not mean you will lose your retirement benefits, there are other circumstances that could cause disqualification or forfeiture of benefits.

Disqualification

A person who knowingly makes a false statement, or falsifies or permits to be falsified a record of the system, in an attempt to defraud the system shall be subject to fine or imprisonment under the Revised Statutes of Missouri.

The board shall not pay an annuity to any survivor or beneficiary who is charged with the intentional killing of a member, retiree or survivor without legal excuse or justification. A survivor or beneficiary who is convicted of such charge shall no longer be entitled to receive an annuity. If the survivor or beneficiary is not convicted of such charge, the board shall resume annuity payments and shall pay the survivor or beneficiary any annuity payments that were suspended pending resolution of such charge.


Forfeiture of Benefits

(Based on HB1217 which was passed by the General Assembly and signed by the Governor in 2014)

If you are employed in a MOSERS benefit-eligible position and are convicted of certain felony offenses committed in connection with or related to your duties as an employee, on or after August 28, 2014, will not be eligible to receive any retirement benefits from MOSERS based on service rendered on or after August 28, 2014. However, if you are a member of the MSEP 2011, you may still request a refund of contributions from MOSERS, including interest credited to your account.
The finding of guilt for any of the following felony offenses or a substantially similar offense provided under federal law will result in your ineligibility for retirement benefits from MOSERS:
  • Stealing under section 570.030, when such offense involved money, property, or services valued at $5,000 or more as determined by a court;
  • Receiving stolen property under section 570.080 when such offense involved money, property, or services valued at $5,000 or more as determined by a court;
  • Forgery under section 570.090;
  • Counterfeiting under section 570.103;
  • Bribery of a public servant under section 576.010; or
  • Acceding to corruption under section 576.020.

Print Friendly and PDF