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MOSERS Board Certifies Contribution Rate for Fiscal Year 2018

[Posted on 10/13/2016 at 10:00 AM]

The contribution rate for retirement benefits provided by the MSEP has been determined to be 19.45% of covered payroll for the fiscal year beginning July 1, 2017. 

The state of Missouri has consistently paid the employer contributions on time and in full as certified by the MOSERS board of trustees. For more information, see our Key Facts regarding funding of MOSERS.

Pensions Support Our State and Local Economy
The money the state contributes to the retirement system also supports the state and local economies. Nearly 90% of MOSERS retirees and their dependents remain in Missouri, spending retirement dollars on housing and goods and services here. The average MOSERS pension benefit for new retirees is $15,187 per year. Each $1 paid in benefits has $1.41 in economic impact and traditional pensions are the most economical way to provide reliable financial security, according to a 2016 report by the National Institute on Retirement Security.




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MOSERS
Missouri State Employees' Retirement System
Address: 907 Wildwood Dr., Jefferson City, MO 65102
https://www.mosers.org/images/mosers-logo-bg-375-280.jpg Phone: 800.827.1063 URL: Email: mosers@mosers.org Founded On: September 1, 1957