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2006 Procedures Manual


Service Credit:

Purchase/Transfer of Service

Purchase/Transfer of Service back to top

Members may be able to increase their total service and retirement benefit. Once they are vested, they are guaranteed a lifetime retirement benefit upon meeting certain age and service requirements. If a member has any of the following types of prior service, please have the member contact a MOSERS benefit counselor as soon as possible.

  • Active military service or active military training (if honorably discharged)
  • Circuit clerk service
  • Juvenile court employee service (multicounty circuit)
  • Full-time service provided to the state of Missouri under a contract
  • MoDOT and Patrol Employees’ Retirement System (MPERS)
  • Lincoln University
  • Public School Retirement System (PSRS)
  • Local Government Employees’ Retirement System (LAGERS)
  • Full-time, nonfederal, public employment in the state of Missouri

Encourage your members to inquire about prior service credit as soon as possible! There may be deadlines involved. Some service may be acquired at no charge and some service must be purchased. The longer the member waits to purchase service, the more he/she will pay.

  • Members in the MSEP 2000 cannot purchase service until they are vested.
  • If the service a member is considering for purchase is NOT covered by social security, the member should contact a Social Security office to discuss what implications the purchase would have on future social security benefits.

See the Acquiring Service Credit brochure for additional information.

The purchase or transfer of service must be completed prior to the date the member applies for retirement or the Cash Out Option (if eligible).

Under Section 104.344, RSMo, active employees may purchase up to four years of full-time, nonfederal, Missouri government employment at a reduced rate. To be eligible, the member cannot be vested in another retirement plan for the same period of service.

MSEP 2000 Provision - Section 104.1090, RSMo, allows active employees who have been employed in a MOSERS covered position for at least ten years to receive credit for vested service from another public retirement system in Missouri, if there’s an agreement between MOSERS and the other system.

Application to Correct Service
Use this application to correct the service credit records of an employee who did not receive credit at the time of service. The human resource personnel of the department or agency that employed the member for the date(s) in question must complete this application. Before the service can be added to the member’s record, the department or agency must agree to pay MOSERS any necessary contributions for the period of service. To qualify for service credit, the employee must have been employed in a position that normally required at least 1,000 hours of work per year (1500 hours if prior to October 1984) and, therefore, was eligible for benefits, or the employee must have been misclassified at the time of hire.

Example of Application to Correct Service form below:

Sample of Application to Correct Service

 

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