Quiz - Newer to MOSERS

Please Note:

University Employees (except Lincoln University and State Tech) – Choose “I am not eligible…” to answer any questions about MOSERS life insurance and long-term disability insurance. These benefits are administered for you by your employer rather than MOSERS.

Conservation Employees – Choose “I am not eligible…” to answer any questions about MOSERS life insurance. These benefits are administered for you by your employer rather than MOSERS.

General State Employees – MOSERS administers pension, deferred comp, life insurance and long-term disability benefits for most state employees including Lincoln University and State Tech employees.

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* 1. What is your MOSERS Annual Benefit Statement?

A summary of your benefits as a MOSERS member.

A great tool to help you assess if you are saving enough and if you will be financially ready to retire.

A statement sent to active employees every year in the spring, which includes an estimate of your MOSERS retirement benefits as well as life insurance coverage and beneficiaries.

All of the above.

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* 2. When is the Annual Life Insurance Review period?

October 1-31.

Every full moon.

The first day of winter.

None of the above.

I am not eligible for MOSERS life insurance because I work for Conservation or a University (other than Lincoln or State Tech)

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* 3. To be "vested" means:

You are eligible for future pension benefits.

You must wear a vest to work everyday.

A personal flotation device is donned and fastened to a user to prevent the wearer from drowning in a body of water.

None of the above.

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* 4. The "base benefit" is:

The amount you are entitled to receive at retirement before reductions for early retirement and/or survivor benefit payment options.

The area in between second and third base.

The amount you will receive in retirement after you reach the age of 90.

All of the above.

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* 5. What is "credited service"?

The sum of your years and full months of service that you have earned plus any credited prior service you transferred to MOSERS or purchased.

Part of the formula for calculating your monthly pension payments.

May include unused sick leave (in increments of 168 hours) when calculating your benefit amount (but not retirement eligibility).

All of the above.

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* 6. What is a "defined benefit pension"?

A plan that requires a member to be vested (work a set number of years in a benefit-eligible position) and it provides a set benefit (based on salary and credited service) for life once a member meets the age and service requirements for retirement.

A plan designed to help employees save additional income to supplement their Social Security benefits in retirement.

An explanation of "benefit".

None of the above.

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* 7. What is a benefit payment option?

The election of a benefit payment option determines whether or not a benefit will potentially be paid to anyone else after your death. Regardless of the payment option you elect, you will receive a monthly benefit payment for your lifetime.

It means you choose if you want to be paid for 5, 10, or 20 years in retirement. The longer the amount of time, the lower your monthly benefit payments will be.

It is where you choose if you want to be paid by direct deposit, bit coin, or gift cards to your favorite retailers.

All of the above.

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* 8. Basic life insurance coverage is:

Term life insurance coverage automatically provided to eligible MOSERS members in an amount equal to one times your annual salary while you are actively employed at no cost to you.

Coverage is based on a flat amount in $10,000 increments, which cannot exceed six times your salary (rounded up to the nearest $10,000 increment) or $800,000.

Basic coverage against being abducted by alien life forms.

None of the above.

I am not eligible for MOSERS life insurance because I work for Conservation or a University (other than Lincoln or State Tech).

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* 9. If eligible for long-term disability insurance, coverage is:

Provided at no cost to you and provides partial income replacement in the event you become disabled.

Requires a 90-day benefit waiting period, replaces 60% of your pre-disability earnings less any deductible income, and provides death benefits if you die while receiving LTD insurance benefits.

Provides reasonable accommodations expense benefit to help you stay in or return to active work.

All of the above.

I am not eligible for MOSERS long-term disability insurance because I work for a University (other than Lincoln or State Tech).

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* 10. myMOSERS is:

An online MOSERS information center. Once you log in, you can access your personal benefit information, submit forms, generate benefit estimates, retire online, and much more.

A grocery delivery service.

The name of your retirement plan.

None of the above.

Quiz - Newer to MOSERS

Please Note:

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* 1. What is your MOSERS Annual Benefit Statement?

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* 2. When is the Annual Life Insurance Review period?

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* 3. To be "vested" means:

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* 4. The "base benefit" is:

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* 5. What is "credited service"?

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* 6. What is a "defined benefit pension"?

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* 7. What is a benefit payment option?

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* 8. Basic life insurance coverage is:

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* 9. If eligible for long-term disability insurance, coverage is:

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* 10. myMOSERS is:

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* 11. Please select your employer (agency/department):