Retirement

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Legislators

The following briefly highlights benefits administered by MOSERS for legislators. For detailed information you may download specific publications regarding your retirement benefits.

Plan Handbook

Legislator's Handbook

Vesting Requirement

Amount of Legislative Service Required to be Vested

MSEP 2000
If you were elected and began serving between July 1, 2000 and July 11, 2002, you will be vested after serving:
4 years (2 full-biennial assemblies)


If you were elected and began serving on or after July 11, 2002, you will be vested after serving:
6 years (3 full-biennial assemblies)

MSEP
3 full-biennial assemblies (6 years)

Eligibility for Normal Retirement

• Age 55 with at least 3 full biennial assemblies (MSEP and MSEP 2000)
• "Rule of 80" - Age 50 with the sum of your age and service equaling 80 or more (MSEP 2000)

MSEP
	Number of biennial assemblies
X	$150
=	Monthly Base Benefit

MSEP 2000
	Active legislator's pay / 24
X	Service
=	Monthly Base Benefit (capped at 100% of pay)

Survivor Benefits Before Retirement

Paid to eligible spouse or children of vested member (MSEP and MSEP 2000)

Survivor Benefits After Retirement

Paid to eligible spouse or children of vested member (MSEP)
Paid according to benefit payment option elected on your Retirement Election Form (MSEP 2000)

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