MSEP 2011 Examples
The date on which you were first hired in a MOSERS benefit-eligible position will determine your membership in the MSEP, MSEP 2000 or MSEP 2011.
Differences in the plans include:
- Age and service requirements for retirement eligibility
- The number of years of service required to be vested
- Whether or not employee contributions are required
- Differences in, or availability of, various plan provisions (ex. how COLAs are calculated, benefit payment options, temporary benefit, subsidized service purchases, and BackDROP)
Benefit-eligible position: A benefit-eligible position is one that is a permanent position which normally requires the performance of duties during not less than 1,040 hours per year. A position is determined to be benefit-eligible or not by the employing agency or department, not by MOSERS.
Examples of “first hired in a benefit-eligible position”:
1. Worked previously in a non-benefit-eligible position
Glenn worked 40 hours per week during the summers only from 2006-2010 for the Missouri Department of Conservation. He did not earn vacation time or qualify for retirement benefits while working during those summers. In August of 2011 he was hired in a MOSERS benefit-eligible position with DNR. Because his employment before 2011 was not in a MOSERS benefit-eligible position, his employment with DNR would be considered the date he was first hired in a position covered by MOSERS and he would be a member of the MSEP 2011.
2. Worked previously in a benefit-eligible position with a different retirement system
Hannah worked for 3 years as a public school teacher in the Ralls County School district from 1995-1998 in a benefit-eligible position with PSRS. In March of 2011 she was hired in a MOSERS benefit- eligible position with the DESE. Since PSRS is a different retirement system than MOSERS, Hannah would be considered first hired in a MOSERS benefit-eligible position in March of 2011 and would be a member of the MSEP 2011.
3. Worked previously in a MOSERS benefit-eligible position but was not vested
Grace worked for the Missouri Department of Tourism in a MOSERS benefit-eligible position from 2005 to 2008. When she left work with Tourism she had not met the vesting requirement at the time (five years). In April of 2011, Grace was hired in a MOSERS benefit-eligible position with the Department of Conservation. Because she had previous MOSERS benefit-eligible employment (even though she was not vested when she left) she is considered to be first hired in 2005 and will be a member of MSEP 2000.
4. Worked previously in a MOSERS benefit-eligible position and was vested
Betty worked for DMH in a MOSERS benefit-eligible position for three months in 1980. She left (and was not vested) and then returned to the state in a different benefit-eligible position in 1995. Her three months at DMH count as credited service. Her original date of hire in a benefit-eligible position is 1980 and she is a member of the MSEP. When eligible for retirement she may elect MSEP or MSEP 2000.
5. Cashed out Service
Joe worked for the Missouri Department of Corrections from 1982 to 1996. He was a vested member of MSEP. In 1999 he “cashed out” his MOSERS retirement benefit. (This option is available only to vested members of MSEP who left state employment between 10/1/1984 and 9/1/2002.) He returned to work for the state in 2012. He will have one year to buy back his service. Regardless of whether he buys back his service or not, he will be a member of MSEP.
Get more in-depth information about member contributions in this PDF brochure.
Read through the most frequently asked questions relating to MSEP 2011.
Read about the 2 new forms associated with the MSEP 2011 Plan: the Beneficiary Contribution and Request for Refund of Contribution Application.
The following briefly highlights benefits administered by MOSERS for judges. For detailed information you may download specific publications regarding retirement benefits.
The following briefly highlights benefits administered by MOSERS for legislators. For detailed information you may download specific publications regarding retirement benefits.
The following briefly highlights benefits administered by MOSERS for state officials. For detailed information you may download specific publications regarding retirement benefits.
Watch a short video created by MOSERS staff outlining the specifics of the MSEP 2011 Retirement Plan.
Legislation passed in 2010 creates a new tier of retirement plan provisions affecting general state employees, statewide elected officials, legislators and judges working in a benefit eligible position for the first time on or after 1/1/11. Compare the differences here.