MSEP 2011

In general, if you were first employed in a benefit-eligible position on or after January 1, 2011, or if you elected a buyout of your pension benefits and returned to state employment, then you are a member of MSEP 2011.
Vesting
5 years of service in a benefit-eligible position*
Employee Contributions
4% of pay
Early Retirement Eligibility
Reduced Benefit
Age 62 with 5 years of service - base benefit reduced 1/2 of 1% (.005) for each month your age is younger than normal retirement. You must retire directly from active state employment to be eligible for early retirement.
Normal Retirement Eligibility
Full/Unreduced Benefit
Age 67 with 5 years of service or
At least age 55 with the sum of your age and years of service equaling 90 or more (Rule of 90)
Base Benefit Formula
Final Average Pay x Multiplier (0.017) x Credited Service = Monthly Base Benefit
Temporary Benefit
Final Average Pay x Multiplier (.008) x  Credited Service = Monthly Temporary Benefit. The Temporary Benefit stops at age 62. Temporary benefit is available only to members who elect normal retirement under the Rule of 90.
BackDROP
Not available
Cost-of-Living Adjustment (COLA)

You will get an annual COLA in retirement based on 80% of the percentage increase in the average CPI (0-5%).

*The vesting requirement for MSEP 2011 members who terminated employment prior to January 1, 2018 was 10 years. Contact MOSERS for more information.

The MSEP 2011 Retirement Plan

Oct 12, 2018

This video highlights the benefits offered through the Missouri State Employees' Plan 2011 (MSEP 2011).

Vesting
3 full biennial assemblies (6 years of service)
Employee Contributions
4% of pay
Early Retirement Eligibility
Reduced Benefit
Not available
Normal Retirement Eligibility
Full/Unreduced Benefit
Age 62 with 3 full biennial assemblies or
At least age 55 with the sum of your age and years of service equaling 90 or more (Rule of 90)
Base Benefit Formula
(Active Pay ÷ 24) x Service = Monthly Base Benefit
Temporary Benefit
Not available
BackDROP
Not available
Cost-of-Living Adjustment (COLA)
MOSERS will adjust your benefit based on increases in pay for an active legislator. No other COLAs will be applied.
Vesting
1 full term (4 years of service)
Employee Contributions
4% of pay
Early Retirement Eligibility
Reduced Benefit
Not available
Normal Retirement Eligibility
Full/Unreduced Benefit
Age 62 with 4 years of service or
At least age 55 with the sum of your age and years of service equaling 90 or more (Rule of 90)
Base Benefit Formula
(Active pay ÷ 24) x Service = Monthly Base Benefit
Temporary Benefit
Not available
BackDROP
Not available
Cost-of-Living Adjustment (COLA)
MOSERS will adjust your benefit based on increases in pay for an active member. No other COLAs will be applied.