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termination

Termination and Your MOSERS Pension

[Posted on 08/13/2018 at 2:30 PM]

We have received a few questions from state employees asking whether they lose their MOSERS pension if they get fired. The questions seem to be in connection with changes to the Merit system made during the most recent legislative session. SB 1007, which  modifies and repeals several provisions relating to the Merit system, was signed by the Governor on June 1. It does not contain any changes to any MOSERS benefit provisions.

As far as termination, in most cases, the way an employee leaves state employment does not affect their retirement benefits. If you are vested with MOSERS (you have at least 5 years of service) and then leave state employment (regardless of the reason), you will be eligible for a lifetime monthly benefit, which will begin once you meet the age and legal requirements and retire under a MOSERS defined benefit pension plan. An exception is that you will forfeit your pension benefits if you were fired because you were convicted of a specified felony committed in connection with your job as a state employee on or after August 28, 2014. See Missouri Revised Statute §105.669.

Exception: Forfeiture/Disqualification of Retirement Benefits - You (and your beneficiary) will forfeit all rights to retirement benefits accrued on or after August 28, 2014 if you have been convicted on or after August 28, 2014 of a felony under state law (or a substantially similar offense provided under federal law) involving stealing or receiving stolen money, property, or service valued at $5,000 or more, forgery, counterfeiting, bribery of a public servant, or acceding to corruption, in connection with your duties as a state employee. 

In general, your benefits will be based on the laws in effect on the day you leave state employment.

If you are a vested member and leave state employment, just make sure MOSERS always has your current contact information. MOSERS will contact you when you are eligible to begin receiving your retirement benefits.

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