A Guide to Your Annual Benefit Statement
[Posted on 04/14/2017 at 9:25 AM]
The value of the benefits you receive as a state employee (retirement, healthcare, life and long-term disability insurance, employer contributions to social security, etc.) plus the value of time off (annual leave, sick leave, and holidays) represents a significant part of your total compensation. Your Annual Benefit Statement contains all this information in one convenient document.
Each spring, MOSERS sends these personalized statements (you should have received yours in March). Use it to make decisions today and plan for tomorrow.
It should help you estimate the income you will have in retirement and decide things like:
- When will you be financially ready to retire?
Your income in retirement may come from several different sources such as:
- Your MOSERS defined benefit pension plan
- Part-time or full-time re-employment
Your benefit statement will show you how much income you can expect to receive in retirement from your deferred compensation account at your current savings (if you contribute) and how much it may produce if you increase your savings rate.
You will also be able to access your annual benefit statement from your Document Express mailbox through your Member Login on MOSERS’ website. It is available for you to print or save. You should have received an email from MOSERS once your statement was posted. If you have opted to receive your correspondence from MOSERS through the mail, your statement was sent to your home address in March or April and it is also available as described above.
MOSERS exists to advance the financial security of our members. We hope you find your 2017 Annual Benefit Statement to be an effective tool in this effort.
*Conservation and College & University Employees (except Lincoln University and State Technical College of Missouri) – Some of your benefits (such as health care and life insurance coverage, among others) are provided by your employer so no information on these benefits will appear in your 2017 Annual Benefit Statement. Contact your human resources office for more information on those benefits.
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