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Temporary Benefit and Social Security

Aug 26, 2022, 15:42 PM by MOSERS
I've already met the 80 & out rule and will have completed my 4th year of backdrop when I retire next year at age 55.  I'm looking at selecting the MSEP 2000 plan with the temporary social security benefit (until I reach age 62). By receiving these temporary SS funds for approx. 7 years, does it affect how much SS I will receive when I reach age 67 and want to apply for full social security? Thanks!

No, the Temporary Benefit does not affect your Social Security benefit. The Temporary Benefit is a MOSERS plan provision only that is designed to provide you with a supplemental income until age 62 if you elect normal retirement prior to age 62.

The funding for it does not come from Social Security and it doesn’t impact your Social Security benefit amount. As a reminder, the Temporary Benefit is available to MSEP 2000 members but not MSEP members, so you must retire under MSEP 2000 to receive it. The Temporary Benefit and any COLAs earned on that amount will stop at age 62 regardless of whether you take early Social Security or not, but your base benefit will continue for life. For more information, contact a MOSERS benefit counselor or review the General Employees’ Retirement Handbook (MSEP & MSEP 2000).

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