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BackDROP Example

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The BackDROP is available to general state employees in the MSEP and the MSEP 2000. The following example provides a comparison of four key elements regarding your BackDROP election:

  • total service
  • final average pay
  • total monthly benefit
  • lump sum payment

The example reflects the benefit for a member electing the Life Income Annuity benefit payment option in the MSEP 2000. If a joint and survivor option or guaranteed payment option is chosen, the monthly benefit would be reduced accordingly.

Total Service* Final Average Pay Monthly Benefit** Lump Sum Payment
No BackDROP
35 yrs 6 mos
$2,442.96 $2,168.13 Not Available
1 year BackDROP
34 yrs 6 mos
$2,373.31 $2,093.61 $22,107.38
2 year BackDROP
33 yrs 6 mos
$2,283.92 $2,006.84 $41,849.24
3 year BackDROP
32 yrs 6 mos
$2,195.91 $1,922.65 $59,362.63
4 year BackDROP
31 yrs 6 mos
$2,093.04 $1,814.02 $73,809.90
5 year BackDROP
30 yrs 6 mos
$2,002.37 $1,710.99 $86,107.54


*Includes unused sick leave.

**Includes a temporary benefit which stops at age 62.

 

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