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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Showing posts with label MSEP2011. Show all posts
Showing posts with label MSEP2011. Show all posts
MSEP 2011 Legislative Changes from 2017
Correction Officers have been hearing that the State of Missiouri Retirement System is bringing back the "80 and out" rule or 80/8...
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Credited Service for Army Reserve?
I just have a question regarding having Served in the Army Reserve. Can a state employee receive any credit for having served as a Reservist...
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Becoming Vested
When do you become vested? Is the 5 years calculated by your date of hire (to the exact date?) or the end of month in which you were hired? ...
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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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MSEP 2011 Retirement Eligibility
Vesting is changed to 5 years, so why is the monthly benefit not payable until 10 years? If I were to retire after 8 years, would I receive ...
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Is the MSEP 2011 Still a Contributory Plan?
I have an employee who was hired June 2011. He has a question about the 5 year vesting. Since 5 year vesting is back he would like to know i...
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MSEP 2011 Survivor Benefits
I am a MSEP 2011 Employee and had a question regarding the new retirement benefit plan. I understand you can now become vested at 5 years in...
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MSEP 2011 Retirement Eligibility
I know that the 10 years vested has been reversed back to 5 years, however I'm inquiring where the process is with going back to 80 ...
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Vesting & MSEP 2011
I was hired November 1st 2015. I was wondering how long I have to work for the state in order to draw retirement when I am the age I can ret...
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Change to Rule of 90?
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 perio...
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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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Buyout Program
Concerned about the retirement buyout coming up. I don't understand how its figured out, will they take in consideration how many years ...
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Changes to Rule of 90?
I WOULD LIKE TO KNOW IF THE "90 & OUT RULE" STILL APPLIES OR DID THE CHANGES GO BACK TO "80 & OUT"? There are n...
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Lump-Sum Payout?
I have heard rumors of letters going out in September offering current retires a lump sum pay out on their retirement. Is this true? No. Mem...
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MSEP 2011 Retirement Eligiblity
I have followed the MSEP 2011 and SB 62 discussion on Rumor Central with interest, even though I fall under MSEP 2000. One of the things som...
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SB 62 & Changes to MSEP 2011
I was wondering if we are going to be switching back to 80 and out as well as back drop? I started about 3 years ago and do not have these b...
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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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MSEP 2011 Members and SB 62
I was hired July 2013, I will now be vested in 5 years instead of 10. My question is will I still have to contribute 4 percent to my retirem...
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