Pay Raise & Final Average Pay
will the raise that we are suppose to get in 2020 effect my retirement? if I am already on my backdrop and if I retire in dec of 2021. Assum...
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Showing posts with label final average pay. Show all posts
Showing posts with label final average pay. Show all posts
State Employee Pay Raise
I am planning to retire 01/07/2019. My question is... IF we were to receive the much talked about raise in January of 2020 would that action...
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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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Calculating Final Average Pay
Does MOSERS use the pay period end date or the check issue date when calculating the highest 36 consecutive months? In our calculation of fi...
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How is Final Average Pay Calculated?
I thought retirement payments were based on last 3 years' salary of employment at the state. I heard over the weekend that retirement pa...
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High 36
MY FIVE YEAR BACKDROP PERIOD IS COMPLETE. I KNOW MY RETIREMENT CHECK IS BASED ON MY BEST 36 MONTHS. IF I DO NOT ELECT BACKDROP, CAN I USE MY...
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Final Average Pay & BackDROP
Note: the question below refers to a previous Rumor Central question from July 2018: "As you referenced, FAP is determined using your ...
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Overtime & Final Average Pay (FAP)
Given the extreme amount of overtime currently being worked by corrections officers (over 1 million hours so far in 2018, and 1.6 million la...
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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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How is Final Average Pay Figured?
I'm thinking about retiring when I am 62 years old. I'm confused on which salaries would be used to figure my retirement. Is it the ...
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Income Replacement in Retirement
I was told that if you work for the state for 40 years that your retirement will be roughly the same as your salary. This doesn't make s...
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