mosers@mosers.org

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Missouri State Employees' Retirement System

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.

General State Employees

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.

State Elected Officials

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.

More Information

The MSEP 2011 Retirement Plan Video (General State Employees)

General Employees' Retirement Handbook (MSEP, MSEP 2000, MSEP 2011)

Legislators & Statewide Elected Officials' Retirement Handbook

Employee Contributions (2011 Plan Members)

Purchasing and Transferring Service Guide for MSEP 2011 Members

Summary of Plan Benefits (All Plans)

Request for Refund of Contributions - Employee or Surviving Spouse

Request for Refund of Contributions - Nonspouse Beneficiary

Ready to Retire?

Education Sessions

MOSERS-Covered Employers (most state departments, agencies, regional colleges & universities)

Log in to myMOSERS to retire online or contact a MOSERS benefit counselor to request a personalized retirement application.

Glossary of Terms