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 MSEP2000. Show all posts
Showing posts with label MSEP2000. 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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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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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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MSEP 2000 Retirement Eligibility
i started working for the state at the age of 51 I started in dec 2010 I want to retire at the age of 62 but I won't have 80 and out, wi...
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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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MOSERS Temporary Benefit & Social Security Benefits
I turned 62 on Feb 1, 2018. While I was aware that I would be SS eligible at 62, it was my understanding that my retirement supplemental ben...
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Lump-Sum Payment Options
If I resign before my retirement date and am vested is there an option to take a lump sum payment? To either rollover into a personal IRA or...
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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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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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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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Losing BackDROP?
I've hear a rumor that MOSERS employees are telling people that we need to retire soon because we will probably be losing our backdrop m...
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Converting Life Insurance at Retirement
Upon retirement, are you allowed to convert the state maintained life insurance and/or optional life? Yes, as long as you had basic life ins...
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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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Legislation & MSEP 2000 Members
How does SB 62 affect MSEP 2000 employees? If approved by the Governor, SB 62 will only affect members of the MSEP 2000 who are or who beco...
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