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Jul 1, 2020, 10:08 AM By MOSERSI was told when I retire, I will only be paid for 6 weeks vacation and anything over 6 weeks will be lost. Is this true?
The amount of vacation/annual leave that you can get paid for is determined by your agency, not by MOSERS. Limits on how much they will pay out may vary from one agency to another. The amount of your unused annual leave has no impact on your MOSERS retirement benefits.
Your monthly retirement benefit from MOSERS will be based on your final average pay and your credited service (this can include unused sick leave). MOSERS converts each block of 168 hours of unused sick leave into one month of service credit to be used in your retirement benefit calculation. So, any usage of sick leave near your retirement date may affect previous benefit estimates you have received.
We encourage you to check with your agency’s human resources office about your specific agency’s guidelines for annual and sick leave accrual and usage before retirement.
Mar 17, 2020, 4:09 PM By MOSERSWill appropriate staff be meeting to determine to do an all state office building close due to Corona Virus?
MOSERS follows guidance from Governor Parson’s office regarding state office closures. We encourage you to reach out to your HR representative with any questions surrounding closures and office procedures for COVID-19 at this time. For updates on how MOSERS is responding to the current situation please follow our website.
Oct 16, 2018, 1:13 PM By MOSERS
There's a rumor going around that employees can no longer use their sick leave toward their retirement. I haven't heard of any changes, but I wanted to make sure since I handle retirement at our facility and have been asked. Thank you!
Often, people misunderstand how unused sick leave affects their MOSERS pension benefit. Unused sick leave does NOT count towards service for retirement ELIGIBILITY. It never has. In other words, it will not make you eligible for retirement sooner than you would have been without it. You must meet both the age and service requirements – not counting unused sick leave – to be eligible to retire.
As part of your retirement benefit calculation, we will add one month of additional service for each block of 168 hours of unused sick leave you have at retirement. This will increase the AMOUNT of your benefit payment every month in retirement. Unused sick leave cannot count toward eligibility for retirement or as part of your BackDROP period. That is, the months of unused sick leave will not make you eligible for retirement (or BackDROP) sooner, but will increase the amount of your payment once you have retired.
There are some specific situations in which unused sick leave doesn’t count:
- MSEP 2011 members: If you leave state
employment after January 1, 2018 and prior to being eligible for early or normal retirement, you will get no service credit for unused sick leave.
- MSEP retirees: If you leave state employment prior to being eligible for early or normal retirement, you will get no service credit for your unused sick leave.
- Legislators, statewide elected officials, and judges: You do not accrue sick leave.
- MSEP 2011 members: If you leave state employment after January 1, 2018 and prior to being eligible for early or normal retirement, you will get no service credit for unused sick leave.
Jun 1, 2018, 3:30 PM By MOSERS
Once you submit retirement papers with a date for retirement are you allowed to take any annual or sick time?
Yes. Check with your agency’s human resources office about your specific guidelines for annual and sick leave accrual and usage before retirement. Please be aware that MOSERS converts each block of 168 hours of unused sick leave into a month of service credit to be used in your retirement benefit calculation. So, any usage of sick leave near your retirement date may affect previous benefit estimates you have received. Annual leave has no effect on your MOSERS benefit.
May 29, 2018, 4:02 PM By MOSERS
Questions regarding sick leave. I have around 22 months of employment remaining before I reach the 80 and out. I have around 1900 hours of sick leave currently. Does sick leave still contribute towards your credible service period? If I elect to backdrop, does this apply to the backdrop period if I do not count this towards credible service? Thank you!
Yes, you will get one month of credited service for each block of 168 hours of unused sick leave you have at retirement. While this will increase the amount of your benefit, unused sick leave cannot count toward eligibility for retirement or as part of the BackDROP period. That is, the months of unused sick leave will not make you eligible for retirement (or BackDROP) sooner, but will increase the amount of your payment once you have retired.
May 9, 2018, 9:18 AM By MOSERS
I know any sick leave balance you have at retirement can go toward years served. I also know that if you have 26 years of service with the state at retirement, the state will pay 65% of your insurance premium. I have approximately 1700 hours of sick leave. Will that time count toward the years of service for the 65% reduction of my insurance premiums?
Yes. You will get one month of credited service for each 168 hours of unused sick leave you have at retirement. If you have 1700 hours of unused sick leave, you will get 10 additional months of credited service. (This service does not count toward eligibility for retirement but will increase the amount of your pension benefit payments.) MOSERS will report your actual service plus any additional service for unused sick leave to MCHCP. Note below, that their calculation for the subsidy is based on FULL years of service.
Here is additional information from the MCHCP website:
The retiree premium is based on years of service with the state at retirement. The state contribution is calculated by using the number of full years of service as reported by MOSERS or another retirement system multiplied by 2.5 percent. The contribution for non-Medicare retirees is based on the PPO 600 Plan premium with the tobacco-free incentive and wellness premium. The contribution for Medicare retirees is based on the PPO 600 Plan total premium. The maximum state contribution cannot exceed 65 percent.
Employees whose premiums are collected pre-tax through the cafeteria plan have the opportunity to pre-pay premiums pre-tax as a retiree. Prepaid premiums may only be paid within the same calendar year*. To prepay, retirees must submit their enrollment request at least 31 days prior to their retirement date. The first month’s premium for retiree coverage will be divided between the last two active paychecks. Additional prepaid premiums may be collected from the retiree’s last two active paychecks and/or lump sum vacation/compensatory time payroll. Verify this payroll amount with the HR/Payroll personnel to determine how many months of retiree premiums can be prepaid.
* Employees with a retirement date of Dec. 1 cannot prepay premiums, since future premiums would be for a different plan year. Employees with a retirement date of Jan. 1 can only prepay premiums using funds from their final active payroll (usually Jan. 15) and/or their vacation and compensatory time payroll.
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We strive to provide the most accurate information possible in our answers to Rumor Central questions. However, occasionally, laws, policies or provisions change and individual circumstances may vary. Please contact a MOSERS benefit counselor or see the handbooks in our website Library for more detailed information. If there is any difference between the information provided in this blog or on the MOSERS website and the law or policies that govern MOSERS, the law and policies will prevail. See our Privacy, Security & Legal Notices for more information.