So why is MOSERS trying to buy former employee's retirements from them? I know it to be true, one such employee I worked with now works with my spouse and showed him.Senate Bill 62, passed during the 2017 regular legislative session, authorizes the MOSERS Board of Trustees to establish a voluntary pension buyout program. This program allows certain former state employees who are vested for a pension to cash out their future monthly retirement benefit in exchange for a one-time lump-sum payment now. The Buyout Program is NOT available to current state employees or members who are already retired.
The Buyout Program is completely voluntary and we encourage each eligible former state employee to discuss their individual situation with a financial advisor before making a decision.
We provided eligible former state employees with letters and a newsletter in September that outlined their options so that they may make an educated decision. If they do not elect the buyout, we will contact them prior to their retirement eligibility.
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