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:
- Harris-Stowe State University
- Lincoln University
- Missouri Southern State University
- Missouri State University
- Missouri Western State University
- Northwest Missouri State University
- Southeast Missouri State University
- Truman State University
- University of Central Missouri
The CURP is not available to technical or vocational school/college employees.
Vesting
Immediately upon hire
Employee Contributions
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.
Employer Contributions
6% of payroll
Investment Options
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.
Distribution Options
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.