Purchasing Military Service with Deferred Comp Funds
I was told that I could use the money from my Deferred Comp to purchase my military time. Is that correct? If so, how would I do so? I could...
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Showing posts with label MSEP. Show all posts
Showing posts with label MSEP. Show all posts
BackDROP Lump-Sum Payment
I keep being told that if a person work at least 2 years backdrop pass their normal retirement, they will receive their monthly lifetime ben...
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Final Average Pay Calculation
I'd always thought retirement benefits were based on the highest pay of our state employment career. I was told by a coworker who recent...
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COLA This Year?
Will there be any COLA this year? Every year, we calculate and announce the retiree COLAs in mid-January. We won’t have data for the 2019 CO...
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COLAs and BackDROP
My retirement date is January 1, 2019 and my backdrop date is March 1, 2016. Will I receive a COLA on my backdrop date in March, 2019? Typic...
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Unused Sick Leave & Credited Service
What happens to your sick time earned when you retire and have between 5 and 10 years of service completed? Your MOSERS pension benefit is c...
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Sick Leave & Retirement
There's a rumor going around that employees can no longer use their sick leave toward their retirement. I haven't heard of any chang...
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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 d...
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Final Average Pay & Rule of 80
Note: we receive this question a lot, so we thought it would be helpful to repost it as a reminder. Is our retirement benefit based on the 3...
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BackDROP Overview
What is BackDROP? BackDROP , or the Deferred Retirement Option Provision, gives you the option of receiving a lump-sum payment, in addition ...
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BackDROP & Social Security
In looking over my Social Security application, I see that they want to know what my earnings will be in 2018. I plan to roll over my MOSERS...
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COLA Cap
With regard to the following statement in the most recent MOSERS emailed information: If you retire under the MSEP and were hired before Aug...
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Comparison of MSEP & MSEP 2000
What are the major differences between MSEP & MSEP 2000? The MSEP and the MSEP 2000 have various differences including different multipl...
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Base Benefit & COLA Cap
Where can one find one's base benefit for the purpose of determining the 65% of base benefit when COLA's will end? Your COLA does no...
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5-Year BackDROP
A co-worker said they had read that if you stay past your 5 year backdrop period that your backdrop is negatively affected. Is this true? Th...
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COLA This Year?
I was just curious if there will be a cola this year and if so how much will my check be? We calculate the COLA for benefit recipients each ...
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When Do I Receive My COLA?
I was hired with the state in 1994 and currently fall under the MSEP. Will I receive my COLA each year on my anniversary date, or does this ...
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MSEP COLA
Did the governor change the 4% cola on the old plan (MSEP)? No. The provisions in SB 62 have NO impact on members of MSEP or MSEP 2000 . ...
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Changes to BackDROP?
I have been told there will be major changes to BACKDROP in the near future. I have 2 1/2 years of backdrop completed, and have planned on c...
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Benefit Payment Options
Can you please define "lifetime annuity" and "180 garanteed payments?" And can you tell me how they compare? Life Income...
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