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Funding for Retirement Benefits Comes from Employees, Employers, and Investment Returns

[Posted on 04/20/2018 at 9:57 AM]

Did you know? More than 42% of active state employees in MOSERS are in the MSEP 2011 and contribute 4% of their pay toward their future retirement benefits. These members have contributed more than $21 million (and counting) during this fiscal year alone.

When the MOSERS retirement plan was created in 1957, state employees contributed 4% of pay but those employee contributions were stopped in 1972.

Along with other changes for new hires such as increased retirement age, employee contributions were reinstated in 2011 and help reinforce the security and stability of the retirement system.

In addition to the 4%-of-pay employee contributions, the Missouri General Assembly consistently and reliably appropriates funds to pay the full amount of required employer contributions. Once received, these contributions are put to work. In total, MOSERS has earned more than 60% of the revenue used to pay benefits through investment income. See our funding Key Facts for more information.

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Missouri State Employees' Retirement System
Address: 907 Wildwood Dr., Jefferson City, MO 65102 Phone: 800.827.1063 URL: Email: Founded On: September 1, 1957