MPERS is offering eligible vested former members a one-time buyout of their accumulated retirement service credit. On this page you will find the board rule that governs the buyout program, a list of frequently asked questions and our answers, sample forms that apply to the buyout program, and a copy of the state law that created the buyout program.

Those vested former members that are eligible to participate in the buyout will receive a letter from us describing the program, an election form, a distribution form, and a list of top ten questions and answers sheet. If you did not receive such a letter, then you are not eligible for the buyout.

Other members not eligible for the buyout include:

  • Active employees
  • Retired members
  • Members who are receiving a disability benefit sponsored by MPERS
  • Any vested former member as of June 30, 2017, that later
    • becomes employed at a state agency covered by MPERS or MOSERS,
    • is subject to a division of benefit order,
    • can retire prior to January 1, 2018 (normal retirement eligibility), or
    • passes away prior to receiving the buyout payment in January 2018

If you are a vested former member and did not receive a letter and believe that you ARE eligible for the buyout program, please send us an email at and we will research your file and respond to you as quickly as possible.

Sample – Buyout Election Form

Sample – Buyout Distribution Form

Senate Bill 62 (2017)

Buyout Board Rule

Frequently Asked Questions