Missouri State Employees' Retirement System

What Missouri State Employees' Retirement System does

Missouri State Employees' Retirement System (MOSERS) is a state-mandated public pension system established in 1957 by Missouri legislation (sponsored by Thomas D. Graham) that administers defined benefit retirement plans, life insurance, and long-term disability coverage for Missouri state government employees, judges, and university personnel. The system serves multiple plan cohorts split by date of hire, including the legacy MSEP, MSEP 2000, and the current MSEP 2011 plan (4% employee contribution, Rule of 90 early retirement), as well as the Judicial Plan/Judicial Plan 2011, the closed CURP plan (administered with TIAA), and ALJLAP for administrative law judges. As of June 30, 2025, MOSERS held $9.5 billion in total fund assets and distributed more than $1 billion in retirement and survivor benefits annually, primarily within Missouri.

The primary member-facing technology is the myMOSERS secure online portal, which supports benefit estimation (up to 10 estimates at a time), a Comparison Calculator for payment-option scenarios (including BackDROP), beneficiary management, retirement applications, appointment scheduling, and direct deposit/tax updates. The portal uses multi-factor authentication (authenticator app, SMS, or email) and integrates with Missouri state agency HR systems for enrollment and contribution processing. Distribution is direct-to-member: a Jefferson City, Missouri headquarters handles in-person and virtual counseling (via Microsoft Teams), phone support, and a statewide seminar tour (Ready to Retire, Mid-Career, New Employee programs), supplemented by email, social media (Facebook, LinkedIn, YouTube), and a video gallery.

Funding flows from three sources: state employer appropriations (House Bill 5 appropriated over $817 million for SFY2026), employee contributions for MSEP 2011 members (4% of pay, plus a separate 1% optional contribution to the MO Deferred Comp 457 plan), and investment returns. Investment performance has been a meaningful value driver, with FY25's 9.8% total fund return producing ~$98 million of outperformance versus the 8.7% policy benchmark and $4.8 billion of cumulative value-added over 25 years. Life insurance is delivered in partnership with The Standard Insurance Company; health benefits are coordinated through MCHCP. Membership is automatic on hiring into a benefit-eligible state position, eliminating any traditional sales motion.

Name

Missouri State Employees' Retirement System

Legal name

Missouri State Employees' Retirement Association (MOSERS)

Website

https://mosers.org

Company type

Private

Founded year

1957

Operating status

Operating

Headcount range

51–100 employees

Short description

Missouri State Employees' Retirement System (MOSERS) is a state-mandated public pension fund established in 1957 that administers defined benefit pensions, life insurance, and long-term disability coverage for Missouri state government employees, judges, and university personnel, managing $9.5 billion in assets.

Ownership category

akta.pro rank

Product category

Public Pension Administration

NAICS

Pension Funds (52511), Pension Funds (525110), Insurance and Employee Benefit Funds (5251)

SIC

Life Insurance (6311)

akta.pro primary industry

Pensions & Retirement Benefits Administration (BPAIAKAA)

akta.pro secondary industries

Employee Benefit & Retirement Plan Trust Services (FSAAANAC), Benefits Administration & Enrollment Support (BPAAAIAB)

Keywords

• Public pension administration
• Defined benefit plans
• Retirement benefits
• Government retirement system
• Pension fund management

Headquarters

HQ city

Jefferson City

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Technology or R&D

Revenue model

1. Employer Contributions: State of Missouri appropriates employer contributions to fund the Missouri State Employees Plan (MSEP), Judicial Plan, life insurance premiums, and long-term disability premiums. For SFY2026, the appropriation was over $817 million.
2. Employee Contributions: Members first employed on or after January 1, 2011 contribute 4% of pay for their pension. Some members contribute 1% of pay to MO Deferred Comp for personal savings.
3. Investment Income: MOSERS generates investment returns on its $9.5 billion portfolio (as of June 30, 2025), which helps fund pension obligations.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels9 records

Core offering

MOSERS administers defined benefit pension plans (MSEP, MSEP 2000, MSEP 2011, Judicial Plan, Judicial Plan 2011, CURP, and ALJLAP), life insurance, and long-term disability benefits for Missouri state government employees, judges, and eligible university personnel. The system manages a $9.5 billion investment portfolio, distributes over $1 billion annually in retirement and survivor benefits, and provides members with online benefit management via the myMOSERS portal, educational seminars, and one-on-one counseling.

Product overview

MOSERS offers a unified defined benefit pension administration system comprising multiple pension plan variants (MSEP, MSEP 2000, MSEP 2011, Judicial Plan, Judicial Plan 2011, CURP, and ALJLAP) for Missouri state employees, judges, and university personnel. The myMOSERS online member portal serves as the primary interface through which members manage benefits. Supporting offerings include life insurance and long-term disability coverage through The Standard Insurance Company, supplemental retirement savings via MO Deferred Comp's 457 plan, and the BackDROP lump-sum provision. Educational services encompass Ready to Retire seminars, mid-career webinars, and new employee orientation. The Comparison Calculator and benefit estimation tools are integrated into the myMOSERS portal. Virtual counseling sessions via Microsoft Teams supplement in-person and phone-based support.

Differentiator

Problem solved

Functional benefit

Products and services

• MSEP (Missouri State Employees Plan)
• MSEP 2000
• MSEP 2011
• Judicial Plan

Quantifiable outcome

• 94% of new retirees report satisfaction with the retirement process
• +4 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Five partnerships are on record, tiered core and minor.

• MO Deferred CompcoreStrategic or Co-development PartnerMO Deferred Comp administers the 457 retirement savings plan for state employees, providing supplemental retirement savings alongside the MOSERS pension. MOSERS employees receive a $75 employer match. MO Deferred Comp partners on Ready to Retire seminars and educational webinars.
• Missouri Consolidated Health Care Plan (MCHCP)coreStrategic or Co-development PartnerMCHCP administers health, dental, and vision insurance for most state employees. They co-present at Ready to Retire seminars and administer wellness programs (Strive for Wellness) and employee assistance programs (SELF) for MOSERS employees.
• The Standard Insurance CompanycoreTechnology or IntegrationThe Standard provides life insurance coverage for MOSERS members. They also provide the Life Services Toolkit offering estate planning, financial planning, grief support, and identity theft prevention resources for members and beneficiaries.
• Social Security AdministrationminorStrategic or Co-development PartnerSSA co-presents at Ready to Retire seminars, helping members understand how Social Security benefits coordinate with their MOSERS pension. SSA estimates can be generated through SSA.gov.
• CURP (Closed University Retirement Plan) / TIAAminorChannel Partner/ Reseller/ DistributorCURP is a closed pension plan for university employees, administered in partnership with TIAA. Available for certain university employees transferring to MOSERS.

Scale indicators11 records

Recent moves5 records

Expansion highlights3 records

Direct peers

• California Public Employees' Retirement System (CalPERS): The largest U.S. public pension fund, administering defined-benefit pensions for California state and public agency employees. Directly comparable as a state government retirement system administering multiple DB plans, life and survivor benefits, and a similarly diversified investment portfolio for a public-sector workforce.
• Texas Teachers Retirement System (TRS): A large state-level DB pension system serving public employees (educators and state workers). Similar in operating structure: statutory authority, employer/employee contributions, multiple plan generations, life insurance and disability add-ons, and a digitally-served member portal.
• Illinois State Employees' Retirement System (SERS): State of Illinois retirement system for state employees — among the closest direct peers in scale, benefit structure (defined benefit, multiple plan tiers), and political/legislative environment. Both administer DB pensions, life insurance, and are funded through state appropriations subject to legislative stress.
• New York State Common Retirement Fund: New York's pooled public-employee DB pension fund, comparable in administering benefits for state and local government workers through tiered plans. Similar in scale, governance (state comptroller oversight), and reliance on diversified institutional investment strategies.
• Ohio Public Employees Retirement System (OPERS): A tiered defined-benefit public pension system serving Ohio's state and local government employees. Direct structural peer given multiple plan generations, COLAs, survivor benefits, and a member portal model — frequently cited in cost-per-member and investment-return benchmarking studies alongside MOSERS.
• Pennsylvania State Employees' Retirement System (SERS): Pennsylvania's defined-benefit retirement system for state workers, with multiple plan tiers and similar add-on benefits (life insurance, disability). Directly comparable in statutory authority, member services model, and the challenges of managing legacy DB obligations for a public-sector workforce.
• Florida Retirement System (FRS): Florida's public employee retirement system offering both a DB Pension Plan and an Investment Plan. Comparable in administering state-employee pensions with tiered plans, online member self-service, and educational outreach — useful peer for benchmarking both DB funding and DC plan administration.

Others

• TIAA: A major U.S. retirement services organization that partners with MOSERS to administer the closed CURP plan for university employees and offers 403(b)/defined-contribution plans. Listed as an 'Others/ecosystem' peer because it serves as an integration partner and provides adjacent public-sector retirement products.
• NCPERS (National Conference on Public Employee Retirement Systems): Industry trade association of public pension funds. Relevant 'Others/ecosystem' peer given MOSERS' active participation, awards from this body, and the benchmarking/coverage context it provides for similar state retirement systems.

Regional players

• Missouri Local Government Employees Retirement System (LAGERS): Missouri's parallel public pension system serving local government employees (cities, counties, districts). Same geographic jurisdiction but different sub-segment — useful as a Missouri-state comparison for funded status, COLA philosophy, and administrative cost benchmarking.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/user/MOSERSOnline
• Facebookfacebook.com/MOSERSRetirement
• LinkedInlinkedin.com/company/3616093
• Xx.com/MOSERSjc

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Missouri State Employees' Retirement System