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.

As an actively employed MOSERS member, you receive basic life insurance equal to one times your annual salary at no cost to you. Your employer pays the premium. The only time your basic life insurance coverage increases is if your salary increases. However, as an active member, you may be able to purchase additional optional life insurance coverage for yourself and your dependents.

To do so, log in to myMOSERS and select Enroll/Change Life Insurance Coverage from the Member Dashboard. You will also need to complete the Standard Medical History Statement.

MOSERS offers an Annual Life Insurance Review Period every October for member coverage. The review period gives eligible members the chance to increase their own optional coverage in increments of $10,000 without completing additional medical history forms. We will notify you each September if you are eligible. A family status change, such as marriage, also allows you to apply to increase your coverage within 31 days of an eligible life event without proving insurability. You may be eligible to purchase optional life insurance any other time during the year, but you will need to submit evidence of insurability.