Retirement eligibility depends on your plan and is based on a combination of your age and service. Here’s a simple breakdown. Normal Retirement Eligibility Requirements: MSEP Members Age 65 + 5 years of service or Age 60 + 15 years of service or Rule of 80– (at least age 48) when age + years of service = 80 or more MSEP 2000 Members Age 62 + 5 years of … [Read more...] about MOSERS: Basics of Normal Retirement Eligibility
As a MOSERS enrolled employee, you may be wondering how your monthly base benefit* is calculated at retirement. The answer is easier than you think! MOSERS uses a three-part formula to calculate your monthly base benefit. This formula, as defined by law, considers the following factors: Final Average Pay (FAP) – The average of your highest 36 consecutive months of … [Read more...] about MOSERS: Benefit Formula Explained
Announcing important retirement plan changes to the Colleges & Universities Retirement Plan (CURP) CURP retirement enrollees (Faculty) recently received a letter announcing a transfer of funds. CURP, while separate from the MOSERS pension plan, is still a part of the MO State retirement system. As such, MOSERS decided to replace the default TIAA Lifecycle funds with Nuveen … [Read more...] about CURP Retirement – Plan Transfer Letter
Sign up for MOSERS education events in 2024! They’ve got something for all career stages. Newer Employees & MOSERS Webinars For employees who are newer to the state but have less than five years of service (not yet vested). Daytime and evening webinars are available. Speakers include MOSERS and MO Deferred Comp. Webinars are approximately 2 hours. … [Read more...] about Learn About Your MOSERS Benefits!
Employees who have questions about their MOSERS retirement can certainly ask those questions over the phone or by email. However, if preferred, you may schedule an appointment in the MOSERS office (907 Wildwood Dr Jefferson City, MO 65109). There are several advantages to scheduling the appointment in advance rather than just stopping by. The biggest advantage is that members … [Read more...] about MOSERS: Scheduling In-Person (and virtual) Appointments