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Buyout Program

Feb 13, 2018, 07:56 AM by MOSERS

Will MOSERS be offering another buyout option in the future, like in 5-10 years? What's the projection for that, if so. I had not been vested long and I didn't feel comfortable considering that option given in 2017 but it did make me curious as to how often that option occurs. Please advise.

We are not aware of any efforts to offer another buyout option. The Missouri Legislature authorized the MOSERS Board of Trustees to offer the recent Buyout Program under SB 62 with that authorization expiring May 31, 2018. This was a one-time program. If MOSERS were to offer another buyout program in the future, it would require legislative approval.

For the members who did not elect the buyout option, we will contact you when you are within 120 days of early (reduced) retirement eligibility with information on the retirement application process. If you don’t elect early retirement, we will contact you again 120 days prior to when you are first eligible for normal (unreduced) retirement benefits from MOSERS.

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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.