MPERS Economic Impact FY 2021

2021·4 MB·English

by  Missouri Department of Transportation and Highway Patrol Employees’ Retirement System

Annual Salary Paid to Missouri
Residents Covered by MPERS
$817,376 $579,642 $391,860 19 $474,610 $639,087 10  
$2,272,976 13 $1,966,448 $864,684 10
17 54 $1,005,468 11 $872,843 31 14 $397,021 Active Members
$999,802 47 $878,212 $340,931 27 NOT Living in Missouri Economic Impact
27 21 $1,421,006
24 $2,691,692 $843,037 20 8 $1,239,691
$970,807 $1,150,814 Number of members: ...........................96
115
59 18 40 22 89 Total annual payroll: ...............$4,656,808
111 $2,50271, 575 $1,522,660 $1,676,363 29 $5,759,266 $1,093,976 $4,519,002 MPERS Benefit Recipients & Covered Employees in Missouri
$4,977,515 33 $964,004 $1,468,026 ----------
$2,239,687 55 $1,203,599 25 22 34 25
99 $927,365 $1,874,163 $1,026,269 33 33
49 $5,235,814 29 $1,728,087 $1,356,953
$511,645
$2,182,031
$3,408,067 37 $2,452,971
$15,589,030 50 14 $11,197,477 $1,758,312
73 44
336 $2,197,976 195 $9,904,900 36
$9,110,626
80 $2,873,937 $1,609,881 44 199 $1,667,883 179 $2,461,465
62 34 320
33 $3,076,449
$3,826,589 59 $38,244,399 159 $14,812,663 60
$1,949,789 $1,045,352 130
716
35 42 $1,488,015 23 $4,249,232 $7,689,369 42 $5,791,309 182
$1,520,078 31 40 $8,352,516
96
$706,521 67 $1,985,252
$659,418 57 20
18 $3,781,439 88 $1,172,867
$883,357 60
18 $2,860,548 $707,621
23 32 $2,723,707 $4,105,776 77 22 22
$2,265,323 55 $944,427 14 $3,565,845 $921,090
$1,424,839
$1,280,822 12 50 34 $2,666,577 22 $593,9 $1,523,156 $5,522,102
27 $487,677 233 $2,327,779 50 76 17 53 32 28 93 A per county glance at the number of MPERS benefit recipients in Missouri,
117 56 $11,107,471 48 $2,329,966 $3,386,654 $1,375,550 $685,050 50 $1,196,923 the amount of their annual benefit payments, and active member payroll.
$5,463,838 $3,739,541
32
64 $2,478,251 $5,837,807 21 39 $2,136,872 82
$3,524,291 $1,118,982
$2,997,541 110 $821,703 $1,791,231
33 136 16 $3,612,773 78 29
21 $1,585,343 21 39 17 $6,827,099 $657,032 29 77 25
$956,631 $1,987,244 $794,388 $1,393,609
$1,220,377
The chart above contains data for all members employed in a benefit-eligible position
throughout FY 2021, with the exception of (1) those who terminated and received a refund of $730,136
their employee contributions and (2) members who were approved for disability during the
51
fiscal year. 15
$2,443,894
7,098 $339,499,776
Number of MPERS-covered Annual amount of salary paid to
employees living in Missouri. Missouri residents covered by MPERS. «5MPERs
MoDOT & Patrol Employees’ Retirement System Serving those who keep us safe.
Mailing Address: PO Box 1930 w Jefferson City, MO 65102-1930
Office Address: 1913 William St. w Jefferson City, MO 65109
Phone: [phone] w Toll Free: [phone] w Fax: [phone] MoDOT & Patrol Employees’ Retirement System FY 2021
www.mpers.org
Annual Benefits Paid to Missouri
“Pension expenditures supported some 49,581 jobs in Missouri that paid $2.46 billion in income. Pension benefits
Residents Covered by MPERS
accounted for some $7.89 billion in total economic output and $4.27 billion in value added in Missouri. These
expenditures also supported some $1.32 billion in tax revenue at the local, state and federal levels.”
$613,640 $38W9o,r5th9 5 $421,526 Pu2tn7a m $5S8c7h,u6y3le2r $467,886   (Source: NIRS, Pensionomics 2021: Measuring the Economic Impact of Defined Benefit Pension Expenditures)
14
$1,621,092 19 $1,213,213 Mercer $541,918 18 Scotland
28 Nodaway 20 Defined benefit (DB) pensions play a vital role in ensuring that older Americans have the resources they need to be self-sufficient in retirement.
Harrison 18 $408,778
66 $549,510 $438,757 34
$701,989 Gentry 60 $378,060 Sullivan Adair $379,343 24 Nationwide, state and local pensions support 3.7 million jobs and $675 billion in economic activity.
(Source: NIRS, Pensionomics 2021)
31 Grundy 25 $1,349,585 Knox Lewis
$1,731,501 $726,627 16
27 15 $533,020
$989,518 Daviess $1,034,288
198 9,467 $250,309,145
72 DeKalb 35 37 Unn Macon 31 138
41 Shelby
Livingston 51
220 $840,918 $5,540,807 $640,726 $3,719,195 Number of MPERS benefit Amount of MPERS benefits paid to Missouri residents.
$1,620,411
Caldwell $756,373
$5,846,017 39 $343,310 $1,032,165 recipients living in Missouri.
56 Chariton 38
$2,155,358 32 47 Monroe
$1,850,568 17 Randolph MPERS Membership as of June 30, 2021
148 $872,921 46 38
$826,400 $1,605,482
77 $3,515,483 59 $1,061,614 $989,954 MoDOT & MPERS Highway Patrol Total
$762,466 Audrain
$1,296,349 Actives 4,931 2,263 7,194
$2,081,120 Saline 42 $984,569
$12,250,372 Lafayette 63 29 $5,591,398 $517,467 Lincoln Retirees 5,428 1,826 7,254
Jackson 91 Montgomery 47 Survivors/Beneficiaries 1,561 348 1,909
519 168 $5,454,239
$1,130,370 30 Disability 110 18 128
Callaway $5,571,472
97 $1J,o4h0n2so,3n3 3 $1,596,695 43 192 $1,400,510 202 $632,713 Terminated-Vested 1,712 441 2,153
Pettis
cass 58 53 453 Total 13,742 4,896 18,638
60 $2,921,989
$2,055,329 48
105 $37,428,455 165 $10,904,644
MPERS Benefits Paid for FY 2021
$1,590,779 $1,192,814 Osage 166
1,134 Franklin
Henry
$4,422,569 37 193
45 62 $1B,4e2n4to,n8 90 48 $2,235,264 $4,117,883 Benefit Type Total Amount
Bates
54 54 $4,813,307 Regular Monthly Benefit Payments $251,267,834
$1,161,155 Maries
92 BackDROP Payments $13,585,357
$667,771 67 $1,387,341
St.Clair $416,300 Camden 70 39 $5,000 Death Benefits $1,255,000
$1,231,225 31 Hickory $1,747,985 54 P1h1e0lp s Crawford Washington $684,042 Employee Contribution Refunds $611,132
Vernon 21 Pulaski $2,864,980 $1,691,812 $850,562 102 29 27 Total $266,719,323
52 40 $1,150,047
Cedar $1,851,365 66 $614,045 24 $2,724,957 $647,877
$1,118,435 Laclede Dent
Polk $ Averages for a New MPERS FY 2021 Retiree
$7B4a1rt,o1n1 9 23 58 50 $1,423,377 26 446,4 $1,103,483 $2,921,008
35 Dade 56 17 84 41 Status Retired # of Average Average Average Average

$398,655 367 $2,051,096 69 Texas 24 107 From Retirees Benefit Service FAP Age
$402,236
250 Greene Webster Wright $1,557,973 $414,429 Normal retirement or
Jasper 61 $10,393,240 78 $1,869,154 45 $692,197 disability status
$6,422,596 Lawrence $3,916,099 267 $2,346 24.0 yrs $4,351 58.8 yrs
23 (members retiring directly
$1,463,149 $3,781,813 $1,077,732 134 from active employment)
31
Ne6w8to n Christian Do3u2g las Carter $2,178,377 $748,796 Vested, but no longer
$1,756,824 122 $812,443 $845,832 working for state 68 $684 12.6 yrs $3,016 58.8 yrs
192 34
McD2o3n ald $1,3B75a15rr, y1 39 S4to2n e Ta6n0e y O2z6a rk $5,H6o9w4e,6ll 42 $6O1r28eg5,2o 1n 8 40 $2,85978,1 77 89 33 Overall average $2,009 21.7 yrs $4,080 58.8 yrs
$568,487 $1,512,049 $695,297 $831,133
$643,367 Benefit Recipients
Benefit data in the map above includes regular monthly benefit payments, BackDROP payments, $5,000 death NOT Living in Missouri
benefits, and employee contribution refunds issued during FY 2021. $602,095
Number of recipients: ....................785
60
Total annual benefits: .......$16,410,178
29
$1,584,836
Annual Salary Paid to Missouri
Residents Covered by MPERS
-
$817,376 $579,642 $391,860 19 $474,610 $639,087 10  
$2,272,976 13 $1,966,448 Mercer $864,684 10 Scotland
17 54 $1,005,468 Harrison 11 $872,843 31 14 $397,021 Active Members
$999,802 Gentry 47 $878,212 Sullivan Adair $340,931 27 NOT Living in Missouri Economic Impact
27 Grundy 21 $1,421,006 Knox Lewis
24 $2,691,692 $843,037 20 8 $1,239,691
$970,807 Dovloss $1,150,814 Number of members: ...........................96
59 DeKalb 18 40 Linn M1a1c5o n 22 89 Total annual payroll: ...............$4,656,808
111 $2,50271, 575 $1C,5a2ld2w,e6l6l 0 L$i1vi,n6g7s6to,n3 63 29 $5,759,266 $1,S0h9e3lb,9y7 6 $4M,5ar1io9n,0 02 MPERS Benefit Recipients & Covered Employees in Missouri
$$42,,927379,,561857 55 $1,20333, 599 25 r $9C6ha42r,2i0t o0n4 Ran3d4o lph Mo2n5r oe $1,468,026
99 $927,365 $1,874,163 $1,026,269 33 33
49 $5,235,814 29 $1,728,087 $1,356,953
$511,645
$2,182,031
$3,408,067 37 $2,452,971
$15,589,030 50 14 $11,197,477 $1,758,312
Jackson 73 44
336 $2,197,976 195 $9,904,900 36
$9,110,626
80 $2,873,937 $1,609,881 44 199 $1,667,883 179 $2,461,465
62 34 320
33 $3,076,449
$3,826,589 59 $38,244,399 159 $14,812,663 60
$1,949,789 $1,045,352 130
Ba3te5s H4e2nr y $1,488,015 23 $4,249,23721 6 $7,689,369 42 $5,791,309 182
$1,520,078 31 40 $8,352,516
96
$706,521 67 $1,985,252
St.Clair $659,418 57 20
18 $3,781,439 88 $1,172,867
$883,357 60
Ver2n3on 32 18 $2,723,707 $4,105,776 $2,860,548 $707,621 77 22 22
Cedar $2,265,323 55 $944,427 14 $3,565,845 $921,090
$1,424,839 Laclede
$1,B2a8r0to,n8 22 12 5P0ol k 34 $2,666,577 22 $593,9 $1,523,156 $5,522,102
27 $487,677 233 $2,327,779 50 Te7x6as 17 53 32 28 93 A per county glance at the number of MPERS benefit recipients in Missouri,
-J1as1p7e r 56 $11G,1re0e7n,e4 71 We4b8st er $2,W32ri9g,h9t 66 $3,386,654 $1,375,550 $685,050 50 $1,196,923 the amount of their annual benefit payments, and active member payroll.
$5,463,838 Lawrence $3,739,541
32
64 $2,478,251 $5,8a3w7,8-0.7 21 39 $2,136,872 82
Douglas $3,524,291 $1,118,982
$2,997,541 110 $821,703 $1,791,231
McD2o1n ald $1,5B83a53rr, y3 43 21 Ta3n9e y O1z7a rk $6,H8o12w37e6,0ll 99 $65176,0 32 29 $3,61727,7 73 78 25 29
$956,631 $1,987,244 $794,388 $1,393,609
$1,220,377
The chart above contains data for all members employed in a benefit-eligible position
throughout FY 2021, with the exception of (1) those who terminated and received a refund of $730,136
their employee contributions and (2) members who were approved for disability during the
51
fiscal year. 15
$2,443,894
7,098 $339,499,776
Number of MPERS-covered Annual amount of salary paid to
employees living in Missouri. Missouri residents covered by MPERS.
MoDOT & Patrol Employees’ Retirement System
Mailing Address: PO Box 1930 w Jefferson City, MO 65102-1930
Office Address: 1913 William St. w Jefferson City, MO 65109
Phone: [phone] w Toll Free: [phone] w Fax: [phone] MoDOT & Patrol Employees’ Retirement System FY 2021
www.mpers.org