Yes, in most cases, you can designate multiple beneficiaries on your MOSERS benefits. The number of beneficiaries you can name depends on the specific type of benefit. Here's a quick breakdown:

• Life Insurance Beneficiaries – You may name multiple primary and contingent beneficiaries for both your basic and optional life insurance coverage.
• Final Payment Beneficiaries – Once you retire, you can list multiple individuals to receive your final benefit payment. MOSERS will pay your beneficiaries if that payment is returned to MOSERS by your financial institution. The final payment is the payment that is due to you at the end of the month in which you pass away.
• Guaranteed Payment Option Beneficiaries – At retirement, if you elect a guaranteed payment option (5, 10, or 15 years), you may name multiple beneficiaries to receive any remaining payments if you pass away during the guarantee period.
• Joint & Survivor Beneficiary – At retirement, if you elect a Joint & 50% or Joint & 100% survivor benefit, your beneficiary is automatically your spouse.
• Contribution Beneficiaries (MSEP 2011 and Judicial Plan 2011 only) – If you are a member of MSEP 2011 or the Judicial Plan 2011 and are eligible for a refund of your contributions (in the event of death before retirement), you may name multiple beneficiaries to receive those funds.

If you’re unsure which beneficiaries you currently have listed or would like to update your designations, log in to myMOSERS to review or make changes. If you have an account with MO Deferred Comp, please ensure your beneficiary designations are up to date there as well.

You will need to complete a Direct Deposit Authorization form for MOSERS to redirect payment to a new bank account.

How to Access the Form

• Log in to myMOSERS and complete the form online.
• Find the form in our online Library, print it, and send it by email, fax, or mail to MOSERS.
• Contact us by calling (800) 827-1063 or (573) 632-6100 to request a copy of the form.

At MOSERS, we are focused on ensuring the long-term stability of our member’s benefits. The MOSERS Board and staff continually monitor economic trends and actively engage with policymakers on legislative developments at the federal and state levels. Just last week, at the February 21, 2025, MOSERS Board meeting, our external Board Investment Consultant provided an analysis of key market drivers, including interest rates, inflation expectations, and potential shifts in trade policy.

While we monitor emerging trends, our focus is on long-term goals, and our diversified investment portfolio is designed to weather the volatility of the financial markets over the long term. Furthermore, the Board has also made significant changes to the MOSERS funding policy over the past few years. A key change includes the adoption of a 32% minimum employer contribution rate. The policy is designed to increase the plan’s funded status more rapidly, albeit gradually, than without the policy.

Benefit recipients can now access an electronic copy of their 1099-R form. Once you log in to myMOSERS, you can find your 2024 1099-R in your Document Express online mailbox. You may view, save, or print it.

In the future, you will be able to find your 1099-R in myMOSERS on your Member Dashboard in a card labeled Tax Documents. 1099-Rs from 2024 and prior years will remain in Document Express.

MOSERS started mailing 1099-R forms to all retirees and beneficiaries on January 21 and will mail all of them by January 31, 2025. Please allow adequate time for the US Postal Service to deliver them.