March 18, 2008
Volume 2, No. 58

Change in Public Pension Exemption

With the April 15th filing deadline for the 2007 tax year approaching, MOSERS would like to remind its members of a change in public pension exemption. Married couples with Missouri adjusted gross income less than $100,000 and single individuals with Missouri adjusted gross income less than $85,000, may deduct the greater of $6,000 or 20% of their public retirement benefits, to the extent the amounts are included in their federal adjusted gross income. The deductible percentage of their public retirement benefits will increase until 2012. A breakdown of the yearly percentage is as follows: Year Limit 2007 20% 2008 35% 2009 50% 2010 65% 2011 80% 2012 and forward 100% The total public pension exemption is limited to the maximum social security benefit of each spouse. Married couples with Missouri adjusted gross income greater than $100,000 and single individuals with Missouri adjusted gross income greater than $85,000, may qualify for a partial exemption. More information on the exemption is on the Missouri Department of Revenue’s website.

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Coming Soon to a Computer Near You: MOSERS Web Videos! MOSERS is excited to announce a new and faster way to convey information to our members about their benefits and our retirement plan. Coming in April, our website will offer educational videos that employees can watch from any computer, at any time. The first videos will feature information that will be useful to new members, or those with just a few years of service with the state. The topics include: Your Retirement Benefit (MSEP 2000 members) Defined Benefit Plan Basics Life Insurance Look for more videos in the future on other topics and for other audiences. They are convenient to watch, even if you don’t have a lot of time to spare, because they are only a few minutes long and cover general information on each topic. Encourage your employees to bookmark www.mosers.org, look for a topic that they would like to know more about, then sit back, relax and learn!

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Building a Better Website MOSERS is currently redesigning its website. The overall mission of this project is to create an online presence that will better serve our many unique visitors and fulfill the growing demand for electronic communications. As a subscriber of MOSERS' HR Update and a valued visitor of our website, your anonymous responses will be an integral part of the redevelopment. With your honest feedback, MOSERS can work toward building a better website that will continue to serve our members for years to come. Find out more about the MOSERS website project and complete the survey.

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Change to Refund Process MOSERS recently changed our refund process to issue refunds automatically without the completion of a request form. As a result of this change, we will no longer send active employee refund checks to employers, but will send them directly to the employee. This change will decrease the amount of time an employee has to wait for their refund and removes an unnecessary step in the process.

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Aged Accounts, Terminated, and Transfer Reports Your reports are available online in the secure portion of MOSERS’ website. Please go to MOSERS' website and click on the Employer Login section of the site. Use your social security number and employer password to sign on. Once you are signed on, click on the applicable report. Names of individuals responsible for working the reports will appear on the right. You may view any or all portions of the report by clicking on the appropriate name or department. The reports are printer friendly and available online until MOSERS begins processing the next month’s report.

Error Summary for the Aged Accounts Report This chart reflects the total number of members on your report.
Department	Jan '08	Feb '08	Mar '08
House and Senate	2	2	2
Judiciary	5	5	3
Governor's Office	0	0	0
Lt. Governor's Office	0	0	0
Secretary of State	3	1	0
State Auditor	0	0	0
State Treasurer	0	0	0
Attorney General	0	0	0
Office of Administration	1	1	1
Agriculture	0	0	0
Conservation	7	2	0
Economic Development	3	4	103
Dept of Elem. & Secondary Edu.	3	2	0
Higher Education	2	0	0
Highway & Transportation	1	3	1
Labor & Industrial Relations	1	1	1
Mental Health	121	113	98
Natural Resources	12	5	4
Public Safety	9	8	9
Revenue	1	2	2
Social Services	19	17	5
Public Defenders	1	1	0
Corrections	50	44	38
Health	1	0	0
Insurance	2	0	1
Linn State Technical College	1	1	1
MCHCP	1	1	2
MOSERS	0	0	0
Missouri State University	196	207	206
University of Central MO	7	8	8
Southeast MO State University	29	27	29
Truman State University	50	51	48
Northwest MO State University	28	31	30
MO Southern State University	0	1	3
MO Western State University	8	8	8
Lincoln University	3	4	2
Harris Stowe State University	5	4	4
Total Number of Member Errors	569	554	609

Error Summary for the Transfer Report
Department	Jan '08	Feb '08	Mar '08
House and Senate	0	0	0
Judiciary	0	1	1
Governor's Office	0	0	1
Lt. Governor's Office	0	0	1
Secretary of State	1	0	1
State Auditor	0	0	0
State Treasurer	0	1	1
Attorney General	0	0	0
Office of Administration	3	0	3
Agriculture	1	0	1
Conservation	0	0	0
Economic Development	3	0	1
Dept of Elem. & Secondary Edu.	4	8	12
Higher Education	3	3	3
Highway & Transportation	15	2	1
Labor & Industrial Relations	2	4	7
Mental Health	863	780	791
Natural Resources	45	12	17
Public Safety	7	3	3
Revenue	57	54	53
Social Services	13	12	11
Public Defenders	0	0	0
Corrections	32	39	51
Health	26	0	2
Insurance	0	1	1
Linn State Technical College	0	0	0
MCHCP	0	0	0
MOSERS	0	0	0
Missouri State University	0	0	0
University of Central MO	0	0	1
Southeast MO State University	0	0	0
Truman State University	0	0	0
Northwest MO State University	0	0	0
MO Southern State University	0	0	0
MO Western State University	0	0	0
Lincoln University	0	0	0
Harris Stowe State University	0	0	0
Total Number of Member Errors	1,075	920	963

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Electronic Form Receipts The following graph represents the number of paper versus electronic forms that have been received in the past 12 months at MOSERS. Electronic forms improve processing accuracy and turn-around-time. Thank you for submitting forms electronically.

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