I was wondering if we are going to be switching back to 80 and out as well as back drop? I started about 3 years ago and do not have these benefits but was told we are to receive them again.
Other than to reduce the vesting period from 10 years to 5 years, the provisions of SB 62 have NO impact on members of MSEP 2011 who work in a MOSERS benefit-eligible position until they reach normal retirement eligibility.
Members of MSEP 2011 will become eligible for normal retirement when they are age 67 and have 5 years of service OR under the �Rule of 90� which is when they are at least age 55 and their age and service equal 90 when they terminate/leave state employment.
BackDROP is available only to general state employees who are members of MSEP & MSEP 2000 and who work at least two years beyond normal retirement eligibility.
For more information on vesting, see The Change from 10 to 5-Year Vesting for MSEP 2011 Members.