Request for Refund of Employee Contributions - Beneficiary form - March 2025

Request for Refund of Employee Contributions - Member form - March 2025

COLA memo - January 2025

History of COLAs flyer - January 2025

Pension Payment & Holiday Schedule - January 2025

Tax Withholding Authorization and IRS W-4P form - January 2025

Understanding Your 1099-R Form - January 2025

Destination Retirement Checklist (University Employees) - December 2024

Destination Retirement Checklist - December 2024

• For employees retiring directly from active employment, use the last calendar day of the month as the termination date.
• For employees not retiring directly from active employment, use the last day actively employed or on a leave of absence (not including regular days off) as the termination date.
• Delete the member’s work email (please keep the member’s personal email address on record).
• Use the comments section sparingly! The comments section should be used in unique situations when you want to convey something not already captured on the termination form.

A key resource highlighted at Benefits U last month was the Leaves of Absence - Impact on MOSERS Benefits flyer. We hope this document clarifies how various unpaid leaves of absence or leave events impact your employees’ benefits through MOSERS. To ensure accurate records for your employees, submit the Leave of Absence/Back to Work form through the secure Employer Login as soon as your employees have unpaid leave events or return to work from unpaid leave.

Another point of emphasis at Benefits U last month was submitting status change forms, such as leaves of absence, transfers, and terminations to MOSERS as quickly as possible. This is particularly important for employees who are retiring. To accurately calculate an upcoming retiree’s pension, we need the employee’s termination form no later than the first week of the month the employee is retiring. You can access status change forms through the secure Employer Login. Thank you for your continued assistance in reporting status changes for your employees to MOSERS.

We appreciate all the work that you do for your employees and know that your time is valuable! We want to remind you how important it is to submit termination forms on time. We are unable to properly calculate a member’s Final Average Pay (FAP), which is used in calculating retirement benefits, without an accurate termination date. Submitting the termination form late stalls the retirement process for your employees and can delay retirement benefits. Additionally, we need the accurate and timely submission of termination forms to relay time-sensitive information to members regarding their MOSERS benefits. Submitting these forms late also impacts members in the following ways:

• Terminated members have 60 days to purchase portable group life insurance or convert their life insurance coverage to an individual policy if they wish to retain it. The termination form prompts us to notify members of their option to do so. Submitting the termination form late could deny the member the opportunity to continue this coverage.
• Members with life insurance coverage through MOSERS’ group policy who are eligible to retire may retain coverage as a retiree if they retire within 60 days of termination. Delayed submission of the termination form may complicate a member’s ability to retain coverage as a retiree.
• MSEP 2011 members may request a refund of employee retirement contributions. These contributions can only be paid 90 days after the date of termination, or 90 days after the member’s request is received, whichever is later. MOSERS notifies members of their eligibility to request this refund after we receive the termination form. Submitting the termination form late delays this notice and can delay payment of refunds to members.

Thank you for your continued support in making these processes smooth and efficient for you and your employees.