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    Dec 18, 2020, 1:34 PM By MOSERS
    Attention CURP Employers!

    Please remind your eligible employees of the recent amendment to the MOSERS Transfer of CURP Membership rule. Participants in CURP who were employed prior to January 1, 2011 and who wish to transfer from CURP to the MSEP 2000 defined benefit pension plan, must have the transfer form filled out, signed, and to their HR department on or before December 31, 2020. Please visit the CURP page of our website and see below for additional information.

    On November 19, 2020, the Missouri State Employees’ Retirement System (MOSERS) Board of Trustees amended the Transfer of CURP Membership rule.

    Effective January 1, 2021, after participating in CURP for at least six years and still employed in a CURP covered position, you may elect to transfer from CURP to the MSEP 2011 defined benefit pension plan administered by MOSERS.

    A MOSERS defined benefit pension provides a guaranteed lifetime benefit amount based on years-of-service (from transfer date) x final average pay x a multiplier in addition to a possible temporary benefit until age 62. Upon transfer,

    • You will immediately become a vested member of the MSEP 2011. As a member of the MSEP 2011, you must contribute 4% of pay to MOSERS.
    • You must meet age and service requirements. The MOSERS MSEP 2011 defined benefit pension plan’s normal retirement is age 67 or earlier (minimum age 55) if retirement age and service under MOSERS equals 90.
    • You won’t receive credit in MOSERS for service rendered while participating in CURP. Your MOSERS pension benefit will be calculated based on your MOSERS service only.
    • You will forfeit all rights to future participation in CURP (i.e., you can’t go back to CURP). However, you’ll continue to own and control your CURP account with TIAA.

    For calculation purposes, the six-year period begins after you’re initially employed in a position covered by the CURP and ends six years later. It includes time for breaks in service, sabbaticals or leaves of absence. If you have questions about the MSEP 2011 defined benefit pension plan, please contact a MOSERS benefit counselor at (800) 827-1063.

    If you have approached or are approaching eligibility to participate in this transfer provision, please review the Transferring from CURP to MOSERS Brochure.