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Monday, December 18, 2017

Moody's Ratings

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As a prospective state employee, I am curious on how any municipal ratings changes by Moody's will affect payout on MO Pensions.
Moody’s ratings do not affect the amount of MOSERS pensions payments. As a new state employee, you would receive a Statewide Employee Benefit Enrollment System (SEBES) brochure with an overview of benefits, including those offered by MOSERS. Along with other benefits, we administer a defined-benefit (DB) pension plan with payments based on a formula as shown below. (The multiplier is determined by your plan; 1.6% for MSEP; 1.7% for MSEP 2000/MSEP 2011). We encourage you to explore the section of our website called “What Plan Am I In?” to read more about the specific provisions in each plan.

Pension formula for general state employees: 

Final Average Pay (FAP) x Credited Service x Multiplier = Monthly Base Benefit

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