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Change to Rule of 90?

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I have heard from several people including some in a supervisor position that with the change from 10 year vesting to a 5 year vesting period that we will also be returning to 80 and out as opposed to 90 and out, is this true?
No. Other than the vesting period changing from 10 years to 5 years, the provisions of SB 62 have NO impact on members of MSEP 2011 who work in a MOSERS benefit-eligible position until they reach normal retirement eligibility.

Members of MSEP 2011 will become eligible for normal retirement when they are age 67 and have 5 years of service OR under the “Rule of 90” (“90 & Out”) which is when they are at least age 55 and their age and service equal 90 when they terminate/leave state employment.

It is important to note that the 5-year vesting for MSEP 2011 members will go into effect on 1/1/2018. MSEP 2011 members must be actively employed on or after 1/1/2018 to be covered by this change. For more information on vesting, see The Change from 10 to 5-Year Vesting for MSEP 2011 Members.



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