Benefits And Health

Showing posts with label MOSERS Rumor Central. Show all posts
Thursday, August 2, 2018
Rule of 80 & Age 55

Rule of 80 & Age 55

One of my coworkers informed me that state employees who are retirement eligible per the rule of 80 will be penalized if they are under the ...
Wednesday, August 1, 2018
Break in Service

Break in Service

If I want to take a break from working right after retirement and not do the backdrop at that moment, how long can that break be before I de...
Final Average Pay & BackDROP

Final Average Pay & BackDROP

Note: the question below refers to a previous Rumor Central question from July 2018: "As you referenced, FAP is determined using you...
Tuesday, July 31, 2018
Funded Status

Funded Status

I have heard reports on the news saying that our retirement benefits are only 60% funded and that MOSERS is in trouble. What is going on wit...
Monday, July 30, 2018
State Contribution to Retirement?

State Contribution to Retirement?

Does the State of Missouri contribute any matching funds to the retirement program? I am receiving conflicting information, that there are ...
Thursday, July 26, 2018
COLA for 2019?

COLA for 2019?

When we will I know when I am getting an annual COLA for 2019? I thought it was mid-July when MOSERS announced it.  MOSERS will be able to ...
BackDROP Payment

BackDROP Payment

If you opt to have the cash pay-out of your backdrop, how long does it take after your retirement date to receive it? Your BackDROP* paymen...
Wednesday, July 25, 2018
MOSERS Board of Trustees

MOSERS Board of Trustees

Do Board Members receive any compensation for there time? No, they do not receive compensation for serving on the board, but are reimbursed...
Tuesday, July 24, 2018
Overtime & Final Average Pay (FAP)

Overtime & Final Average Pay (FAP)

Given the extreme amount of overtime currently being worked by corrections officers (over 1 million hours so far in 2018, and 1.6 million la...
Friday, July 13, 2018
Going Back to Work to Become Vested

Going Back to Work to Become Vested

I had 4 years and 7 months in the MOSERS retirement system before changing employment and as I'm now approaching retirement age, would l...