MoDOT & Patrol Employees’ Retirement System
MPERS is a defined benefit plan, commonly referred to as a pension. This type of plan provides retirement and disability benefits for eligible employees of the Missouri Department of Transportation and the Missouri State Highway Patrol. The benefits are based on a formula that takes into account the employee’s salary and years of service, ensuring a predictable and stable income for retirees. One of the key advantages of a defined benefit plan like MPERS is that it offers lifetime benefits, meaning retirees cannot outlive their pension.
Vesting
The amount of service required to become eligible for a retirement benefit at a future date is known as vesting. A Closed Plan or Year 2000 Plan member becomes vested with five years of service. A member of the 2011 Tier who is employed on or after January 1, 2018, will become vested with five years of service.
Contributory vs. Non-Contributory
The cost of your retirement plan is funded by employer contributions and the investment income earned from those contributions.
Non-Contributory
The Closed Plan and Year 2000 Plan are non-contributory:
- No employee contributions are made
- Your employer pays an actuarially determined monthly contribution to fund your future benefit
Contributory
In the 2011 Tier, the employee and the employer share the cost of funding the member’s retirement:
- The employee pays a monthly contribution equal to four percent of pay
- The employer pays the actuarially determined monthly contribution
For more information on the 2011 Tier, see the 2011 Tier Handbook, the Summary of the 2011 Tier brochure, or view the infographics: 2011 Tier – Uniformed and 2011 Tier – Civilian.
For more information on the Year 2000 Plan, see the Year 2000 Plan Handbook, the Summary of the Year 2000 Plan brochure, or view the infographics: Year 2000 Plan – Uniformed and Year 2000 Plan – Civilian.
For more information on the Closed Plan, see the Closed Plan Handbook, the Comparison of the Year 2000 Plan / Closed Plan, or view the infographics: Closed Plan – Uniformed and Closed Plan – Civilian.
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