MOSERS administers retirement and other benefits for most state employees, including members of the state general assembly, state elected officials, and judges. The System administers three plans, of which the State Employees' Plan represents more than 99% of all members and comprises two benefit structures: the MSEP, which is a closed plan; and MSEP 2000. Employees hired after June 30, 2000 participate in the MSEP 2000. Other plans are for judges and legal advisors.
Missouri State Employees Retirement System Basics, by Plan
| Plan |
Assets (millions) |
Total Members |
| Missouri State Employees |
8,248.4 |
113,395 |
| Other Plans |
190.6 |
28,768 |
| Total |
8,439.0 |
142,163 |
Source: Public Plans Database (as of 2022)
Note: Missouri State Employees Retirement System has 1 other plan.
Assets
Assets at Year-End
Missouri State Employees Retirement System
2001-2022
| Fiscal Year |
Net Assets (billions) |
| 2001 |
5.5 |
| 2002 |
5.1 |
| 2003 |
5.2 |
| 2004 |
5.9 |
| 2005 |
6.5 |
| 2006 |
7.0 |
| 2007 |
8.1 |
| 2008 |
8.0 |
| 2009 |
6.2 |
| 2010 |
6.8 |
| 2011 |
7.9 |
| 2012 |
7.7 |
| 2013 |
8.1 |
| 2014 |
9.3 |
| 2015 |
8.6 |
| 2016 |
8.2 |
| 2017 |
8.1 |
| 2018 |
8.2 |
| 2019 |
8.1 |
| 2020 |
8.1 |
| 2021 |
9.7 |
| 2022 |
8.4 |
Membership
Ratio of Actives to Beneficiaries, 2001-2022
| Fiscal Year |
Missouri State Employees Retirement System |
US State and Local Pensions |
| 2001 |
2.9 |
2.4 |
| 2002 |
2.7 |
2.3 |
| 2003 |
2.5 |
2.2 |
| 2004 |
2.3 |
2.1 |
| 2005 |
2.2 |
2.1 |
| 2006 |
2.0 |
2.0 |
| 2007 |
1.9 |
2.0 |
| 2008 |
1.8 |
1.9 |
| 2009 |
1.7 |
1.9 |
| 2010 |
1.6 |
1.8 |
| 2011 |
1.5 |
1.7 |
| 2012 |
1.4 |
1.6 |
| 2013 |
1.3 |
1.5 |
| 2014 |
1.2 |
1.4 |
| 2015 |
1.2 |
1.4 |
| 2016 |
1.1 |
1.4 |
| 2017 |
1.0 |
1.4 |
| 2018 |
1.0 |
1.3 |
| 2019 |
0.9 |
1.3 |
| 2020 |
0.9 |
1.3 |
| 2021 |
0.8 |
1.2 |
| 2022 |
0.8 |
1.2 |
2022 Membership for Missouri State Employees Retirement System
| Actives |
Beneficiaries |
Inactive Vested |
Total Membership |
# of Participating Employers |
| 42,010 |
54,244 |
17,465 |
142,163 |
1 |
Cash Flows
Cash Flow vs. Total Assets (Millions)
Missouri State Employees Retirement System
2001-2022
| Fiscal Year |
Cash Flow |
Assets |
| 2001 |
1.9 |
5,466.9 |
| 2002 |
-54.4 |
5,062.3 |
| 2003 |
-163.6 |
5,234.8 |
| 2004 |
-202.3 |
5,914.9 |
| 2005 |
-171.4 |
6,479.6 |
| 2006 |
-173.1 |
7,041.5 |
| 2007 |
-207.8 |
8,129.2 |
| 2008 |
-230.1 |
8,011.4 |
| 2009 |
-258.8 |
6,229.0 |
| 2010 |
-293.3 |
6,806.2 |
| 2011 |
-353.1 |
7,866.9 |
| 2012 |
-345.8 |
7,681.7 |
| 2013 |
-365.9 |
8,105.0 |
| 2014 |
-342.2 |
9,269.4 |
| 2015 |
-381.2 |
8,647.5 |
| 2016 |
-408.1 |
8,241.2 |
| 2017 |
-435.5 |
8,083.0 |
| 2018 |
-481.6 |
8,184.7 |
| 2019 |
-429.6 |
8,074.8 |
| 2020 |
-405.3 |
8,078.1 |
| 2021 |
-424.7 |
9,731.1 |
| 2022 |
-457.4 |
8,439.0 |
2022 Cash Flows for Missouri State Employees Retirement System (millions)
| Inflows |
Outflows |
Investment Gains (losses) |
Change in Net Assets |
| 587.4 |
1,044.9 |
-834.7 |
-1,292.1 |
Cash Flow as a Percentage of Assets
Missouri State Employees Retirement System
2001-2022
| Fiscal Year |
Missouri State Employees Retirement System |
National Average |
| 2001 |
0.0 |
-2.1 |
| 2002 |
-1.1 |
-2.4 |
| 2003 |
-3.1 |
-2.6 |
| 2004 |
-3.4 |
-2.0 |
| 2005 |
-2.6 |
-2.2 |
| 2006 |
-2.5 |
-2.2 |
| 2007 |
-2.6 |
-2.1 |
| 2008 |
-2.9 |
-2.3 |
| 2009 |
-4.2 |
-3.1 |
| 2010 |
-4.3 |
-3.2 |
| 2011 |
-4.5 |
-3.1 |
| 2012 |
-4.5 |
-3.3 |
| 2013 |
-4.5 |
-3.1 |
| 2014 |
-3.7 |
-2.9 |
| 2015 |
-4.4 |
-2.8 |
| 2016 |
-5.0 |
-3.0 |
| 2017 |
-5.4 |
-2.9 |
| 2018 |
-5.9 |
-2.6 |
| 2019 |
-5.3 |
-2.6 |
| 2020 |
-5.0 |
-2.4 |
| 2021 |
-4.4 |
-2.1 |
| 2022 |
-5.4 |
-2.1 |
