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Understanding Available Retirement Dates
Jan 20, 2021, 9:32 AM By MOSERSI am in a MOSERS eligible position actively employed. When I do my retirement calculator to analyze my options, the retirement dates "default" to the next month. Out of curiosity, why does this occur? Thanks for providing the opportunity to ask and appreciate any input you may be able to provide.
When you log in to myMOSERS to generate a benefit estimate or to retire online, our system will display your “Next Available Retirement Date(s)”. This may be a future date, even if you were already eligible for retirement. This is because there is a deadline for getting your retirement application in. If you don’t submit an application by the deadline for a given month, the system automatically rolls forward to your NEXT available retirement date.
For example, if you were initially eligible to retire on January 1 but didn’t apply, then you logged in to myMOSERS, in February, you would see a retirement date of April 1. Again, the reason for this is to retire on April 1, you need to apply by February 28. See the chart showing deadlines on our Ready to Retire page. You may apply for retirement up to 120 days prior to your retirement date. Please see the Retirement Guide or contact us if you have any questions about the retirement process.
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Retiring Online
Jan 15, 2021, 2:29 PM By MOSERSI need to fill out a Retirement application form. How do I do that? I read that there is no form, that each on is individualized. So, where do I begin? Thank you!The easiest and most convenient way to apply for retirement is online. Complete both steps in the two-step retirement process all at once or leave and come back later. Log in to myMOSERS. From there, select Retire Online. The step-by-step instructions will guide you through the online retirement process. For more information, please see our quick video, Retire Online, or our Applying for Retirement web page.
If you choose not to retire online, please contact a MOSERS benefit counselor to request a personalized paper Retirement Application.
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1099-Rs are Coming Soon
Jan 15, 2021, 10:24 AM By MOSERSi would like to know when i can possibly print out the 1099r for 2020 , when are they coming outWe will mail your 1099-R tax form to you by the end of January. After we have mailed it, it will also be available for you to view and print or save from your Document Express online mailbox after you log in to myMOSERS.
This form lists your 2020 retirement benefit income from MOSERS. You will need this form to file your income tax return. If you receive more than one benefit from MOSERS, you may receive more than one 1099-R from us. For more information please see our latest news item regarding 1099-Rs.
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2021 COLA
Jan 13, 2021, 12:00 AM By MOSERSWhen will we know what the cola will be for 2021?We expect to have the data by this Friday and we will post it ASAP.
COLAs are payable on the anniversary of your retirement date except for:
- Retirees who converted from MSEP to MSEP 2000 during the conversion window in 2000 will have COLAs payable in July.
- Retirees who elected a BackDROP will have COLAs payable on the anniversary of their BackDROP date.
- Terminated-vested members of the MSEP 2011 will receive their first COLA on the second anniversary of their retirement (rather than the first anniversary).
We will send you a notice, either in the mail or in your MOSERS Document Express online mailbox, during the month when you get your COLA.
*If you retired under the MSEP, and were hired before August 28, 1997, your COLA may be different. See the MSEP/MSEP 2000 Handbook.
Please see the COLA page on our website for additional information.
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Disclaimer
We strive to provide the most accurate information possible in our answers to Rumor Central questions. However, occasionally, laws, policies or provisions change and individual circumstances may vary. Please contact a MOSERS benefit counselor or see the handbooks in our website Library for more detailed information. If there is any difference between the information provided in this blog or on the MOSERS website and the law or policies that govern MOSERS, the law and policies will prevail. See our Privacy, Security & Legal Notices for more information.