To be eligible for the CURP, you must:
- Meet the definition of “education employee” as determined by your employer and
- Be employed in this position for the first time on or after July 1, 2002 and
- Not have previous employment in a position covered by another defined benefit pension plan administered by MOSERS and
- Be employed at one of the following universities:
The CURP is not available to technical or vocational school/college employees.
Immediately upon hire
Employees first hired on or after July 1, 2018 contribute 2% of payroll to the CURP. You can save additional retirement savings money through the State of Missouri Deferred Compensation Plan or any other retirement savings plan available through your university.
6% of payroll
Unless you choose to build your own portfolio, your contributions will be automatically invested in a lifecycle fund based on your date of birth and anticipated retirement age of 65. You’ll continue participating until you cease to be an eligible employee or you choose to become a member of a MOSERS defined benefit pension plan.
Transferring to MOSERS
After 6 years of participation in CURP, you may transfer to a MOSERS defined benefit plan. Effective January 1, 2021, upon transfer you will immediately become a vested member of the MSEP 2011 plan.
If you leave employment under CURP, you may keep your money in CURP until a later date, withdraw your money using various distribution options, or roll it into another qualified retirement plan or IRA.