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Where do contributions go?

Dec 8, 2022, 10:27 AM by MOSERS
hello, I just have a general question when it comes to my state of Missouri paystub and MOSERS. On my paystub there is a line called "MOSERS RET 2011 PLAN FRNG PAY". When you hover over it, it says to see MOSERS for more information about the MOSERS 2011 plan. The amount that it says the state is contributing is 621 per paycheck and 12000 YTD. What I am trying to figure out is that the state calculates this as part of my Retirment package but I cannot find out where this money is going?

We are unable to see members’ pay stubs, so we can’t speak definitively about that information. Please speak with your employer regarding your pay stub details.

However, it sounds like you are referring to your employer’s contributions to MOSERS. As a member of MSEP 2011, you are part of the contributory defined benefit pension plan. By law, you contribute 4% of your pay toward your future pension benefits. Your employer also contributes a percentage of your payroll toward your future retirement benefits. Employee and employer contributions go into the MOSERS trust fund. The third and largest source of System funding is investment income. 

You can log in to myMOSERS to find your total employee contributions plus any interest. Once logged in, you can view your accumulated balance listed under Employee Contributions on your Member Dashboard. If you are unable to log in, you may contact a MOSERS benefit counselor for your balance.

As a member of MSEP 2011, if you leave state employment, you may request a refund of your employee contributions plus any interest. By taking a refund, you forfeit your service and eligibility for future retirement benefits. Alternatively, when eligible, you can retire and receive a monthly pension benefit for life. Your monthly benefit is based on your final average pay and years of service.

Please see our Employee Contributions brochure (MSEP 2011 & Judicial Plan 2011) and the MSEP 2011 web page for more information. 

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