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
Take action now. It matters. What you do today could make a big difference for your tomorrow. During National Financial Capability Month, find out where you stand right now and what actions you can take to help improve your financial future. It matters. Assess your current financial situation and take action now. Take the Survey See how inflation could impact your savings … [Read more...] about National Financial Capability Month
Financial Wellness Series Webinar Offered by Corebridge financial, one of the University’s approved 403b asset managers. This webinar will help you learn how to plan and save at the middle stage of your career to achieve the financial freedom to live retirement the way you want. Reserve your spot for March 21, 2024 Voluntary deferred compensation plans offered by MSU A … [Read more...] about Retirement questions that may make a big difference.
Periodically review your retirement savings and investment strategies from a Tax perspective When it comes to saving and investing, there are essentially three different types of accounts. Taxable: Taxes due on investment income in the year in which it is received Tax-deferred: Tases are not due on investment income until withdrawn Tax-Free: Investment income may be … [Read more...] about Take Advantage of Tax-Smart Strategies for Retirement