MPERS Economic Impact FY 2022

2022·1.7 MB·English

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

Annual Salary Paid to Missouri MoDOT & Patrol Employees’ Retirement System FY 2022
Residents Covered by MPERS
$611,988 $549,412 $332,829 17 $277,175 $526,312 11
$2,315,888 13 $1,746,250 $817,319 7
14 51 $959,840 8 $1,011,874 34 12 $349,763 Active Members
$1,267,503 43 $910,447 $248,612 24 NOT Living in Missouri
24 24 $1,544,016
27 $2,559,801 $813,824 20 7 $1,135,065
$922,871 $1,226,799 Number of members: ..............................96
118
54 17 36 24 82 Total annual payroll: ..................$4,341,051
103 $2,62210, 791 $1,215,710 $1,640,682 30 $5,544,305 $1,053,132 $3,977,337
$4,675,361 28 $911,746 $1,347,775
$2,211,555 56 $1,197,460 22 21 31 24
89 $870,257 $1,771,782 $971,941 30 32
43 $4,918,378 27 $1,882,324 $1,161,760
$614,633
$2,186,302
$3,192,754 41 $2,480,685
$14,365,878 47 15 $11,878,996 $1,488,360
66 46
298 $2,165,899 204 $9,431,041 31
$8,956,075
72 $2,735,983 $1,630,543 43 185 $1,696,203 171 $2,185,979
62 34 267
33 $3,061,838
$3,543,716 60 $36,389,158 152 $12,708,464 51
$1,936,832 $1,227,985 107
686
38 43 $1,565,221 27 $4,263,647 $7,480,590 41 $5,058,922 169
$1,699,367 35 41 $7,905,568
91
$722,418 70 $2,053,465
$541,359 57 20
19 $3,931,407 88 $971,944
$830,981 59
14 $2,893,481 $820,911
23 29 $2,831,098 $4,134,155 66 18 21
$2,201,774 51 $901,947 18 $3,269,584 $892,998
$1,305,496
$1,194,993 13 49 34 $2,461,300 20 $734,2 $1,446,020 $5,437,616
25 $549,977 217 $2,255,744 53 70 17 10 31 33 94
114 54 $10,401,817 47 $2,459,063 $3,091,638 $1,367,549 $737,620 49 $1,427,189
$5,164,389 $3,400,288
30
60 $2,416,697 $5,160,156 18 40 $2,108,715 72
$3,372,013 $1,113,723
$2,906,211 101 $746,843 $1,969,746
34 132 19 $3,702,121 78 28
17 $1,630,740 25 40 16 $6,587,269 $817,301 32 80 21
$835,027 $2,048,121 $779,375 $1,470,639
$1,091,793 A per county glance at the number of MPERS benefit recipients in Missouri,
The chart above contains data for all members employed in a benefit-eligible position
throughout FY 2022, with the exception of (1) those who terminated and received a refund of $660,512 the amount of their annual benefit payments, and active member payroll.
their employee contributions and (2) members who were approved for disability during the
52
fiscal year. 13
$2,421,808
Economic Impact
6,760 $326,628,227
Number of MPERS-covered Annual amount of salary paid to
employees living in Missouri. Missouri residents covered by MPERS.
MPERS Benefit Recipients & Covered Employees in Missouri
MoDOT & Patrol Employees’ Retirement System
Mailing Address: PO Box 1930 w Jefferson City, MO 65102-1930
« MPERS
Office Address: 1913 William St. w Jefferson City, MO 65109
Phone: [phone] w Toll Free: [phone] w Fax: [phone]
Serving those who keep us safe.
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 accounted for some $7.89
Residents Covered by MPERS
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.”
$858,173 $39W5o,r5th6 0 $426,922 Pu2tn8a m $5S4c7h,u8y1le8r $538,061   (Source: NIRS, Pensionomics 2021: Measuring the Economic Impact of Defined Benefit Pension Expenditures)
17
$1,653,507 21 $1,124,812 Mercer $560,108 23 Scotland
33 Nodaway 19 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 $511,209
59 $714,105 $432,327 37
$623,603 Gentry 65 $379,200 Sullivan Adair $387,392 29 N(Soautricoe:n NwIiRdeS,, sPteantseio naonmdi clso 2c0a2l1 p)ensions support 3.7 million jobs and $675 billion in economic activity.
36 Grundy 23 $1,063,283 Knox Lewis
$1,736,709 $659,315 17
26 18 $605,004
$942,805 Daviess $988,619
195 9,632 $258,392,826
74 DeKalb 34 38 Unn Macon 38 138
40 Shelby
Livingston 51
205 $922,957 $5,504,223 $855,887 $3,984,272 Number of MPERS benefit Amount of MPERS benefits paid to Missouri residents.
$1,592,965
Caldwell $797,146
$6,308,812 37 $366,477 $1,088,724 recipients living in Missouri.
56 Chariton 38
$2,303,011 36 48 Monroe
$1,619,213 19 Randolph MPERS Membership as of June 30, 2022
152 $931,787 49 43
$1,249,334 $1,317,954
88 $3,555,356 59 $1,236,810 $1,020,454 MoDOT & MPERS Highway Patrol Total
$1,260,102 $760,779 Audrain Actives 4,647 2,209 6,856
$13,005,529 $2L,a3fa8y2e,t7te1 4 Sa6li0n e 28 $4,897,439 50 $695,190 $1,1L2in6c,o4ln0 3 Retirees 5,550 1,894 7,444
Jackson 90 Montgomery 50 Survivors/Beneficiaries 1,553 365 1,918
515 $1,081,371 184 $5,300,987 35 Disability 104 18 122
Callaway $6,549,411
$1,450,345 $1,384,964 $1,541,386 Terminated-Vested 1,796 460 2,256
107 Johnson 47 196 227 $633,156
cass 60 Pettis 47 473 Total 13,650 4,946 18,596
58 $2,708,230
$2,157,595 51
102 $39,280,165 176 $10,945,764
MPERS Benefits Paid for FY 2022
$1,652,214 $1,101,864 Osage 180
1,135 Franklin
Henry
$4,743,375 35 209
47 67 $1B,4e3n0to,n6 99 46 $2,493,410 $4,865,165 Benefit Type Total Amount
Bates Regular Monthly Benefit Payments $255,565,295
55 50 $4,702,423
$1,021,177 97 Maries BackDROP Payments $17,688,088
$815,981 64 $1,270,240
St.Clair $754,066 Camden 69 40 $5,000 Death Benefits $1,130,000
31 Hickory $1,945,014 114 Crawford Washington $694,666 Employee Contribution Refunds $1,024,986
$1,208,181 53 Phelps
Vernon 23 Pulaski $3,226,418 $1,746,397 $770,946 98 28 26 Total $275,408,369
53 45 $1,117,302
Cedar $1,459,473 72 $666,549 24 $2,652,172 $651,052
$1,267,081 Laclede Dent
Polk $
$8B2a0rt,o3n0 0 21 52 45 $1,643,007 27 408,9 $1,233,677 $3,244,748 Averages for a New MPERS FY 2022 Retiree
38 Dade 67 18 22 42 Status Retired # of Average Average Average Average

$396,578 364 $2,173,935 64 Texas 28 106 From Retirees Benefit Service FAP Age
$393,514
239 Greene Webster Wright $1,785,592 $433,538 Normal retirement or
Jasper 62 $11,230,964 75 $1,790,676 51 $575,914 disability status
$6,531,058 Lawrence $3,563,546 343 $2,351 24.0 yrs $4,379 59.1 yrs
26 (members retiring directly
$1,352,393 $3,922,035 33 $1,223,012 142 from active employment)
Ne7w0to n Christian Do3u0g las Carter $2,316,523 $766,968 Vested, but no longer
$1,979,991 125 $768,855 $785,679 working for state 87 $690 13.1 yrs $3,084 59.1 yrs
187 35
McD2o3n ald $1,4B05a93rr, y0 23 48 Ta5n4e y O2z8a rk $5,H8o0w0e,8ll 63 $4O4r14eg9,0o 5n 4 34 $2,88935,0 43 92 34 Overall average $2,015 21.8 yrs $4,116 59.1 yrs
$452,747 $1,470,679 $798,760 $817,072
$625,418 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 2022. $600,320
Number of recipients: ......................813
50
Total annual benefits: .........$17,015,544
31
$1,371,689
Annual Salary Paid to Missouri MoDOT & Patrol Employees’ Retirement System FY 2022
Residents Covered by MPERS
-
$611,988 $549,412 $332,829 17 $277,175 $526,312 11  
$2,315,888 13 $1,746,250 Mercer $817,319 7
14 -. Nod5a1w ay $959,840 Harrison 8 $1,011,874 34 12 $349,763 Active Members
$1,267,503 Gentry 43 $910,447 Sullivan Adair $248,612 24 NOT Living in Missouri
24 Grundy 24 $1,544,016 Knox Lewis
27 $2,559,801 $813,824 20 --- 7 $1,135,065
$922,871 Daviess $1,226,799 Number of members: ..............................96
118
54 DeKalb 17 36 Unn Macon 24 82 Total annual payroll: ..................$4,341,051
103 $2,62210, 791 $1C,2a1ld5w,e7l1l 0 L$i1vi,n6g4s0to,n6 82 30 $5,544,305 $1,S0h5e3lb,1y3 2 $3,977,337
$4,675,361 28 $911,746 $1,347,775
$2,211,555 56 $1,197,460 22 t Cha2r1it on Ran3d1o lph Mo2n4r oe
89 $870,257 $1,771,782 $971,941 30 32
43 $4,918,378 27 $1,882,324 $1,161,760
$614,633
$2,186,302
$3,192,754 41 $2,480,685
$14,365,878 47 15 $11,878,996 $1,488,360
Jackson 66 46
298 $2,165,899 204 $9,431,041 31
$8,956,075
72 $2J,o7h3n5so,9n8 3 $1,630,543 43 185 $1,696,203 171 $2,185,979
cass 62 34 267
33 $3,061,838
$3,543,716 60 $36,389,158 152 $12,708,464 51
$1,936,832 $1,227,985 107
Ba3te8s H4e3nr y $1,565,221 27 $4,263,64678 6 $7,480,590 41 $5,058,922 169
$1,699,367 35 41 $7,905,568
91
$722,418 70 $2,053,465
St.Clair $541,359 57 20
19 Hickory .. $,.. 3.., ,9o13v1 ,407 88 $971,944
$830,981 , 59
Ver2n3on 29 14 ~~ $2,P8u3la1s,ld0 98 $4,134,155 $2,893,481 $820,911 66 18 21
$1,305,496 $2,201,774 Dallas L5ac1le de $901,947 18 $3,269,584 $892,998
$1,B1a9r4to,n9 93 13 49 34 $2,461,300 20 $734,2 $1,446,020 $5,437,616
25 $549,977 217 $2,255,744 53 T7ex0a s 17 10 31 33 94
-114 54 $10,401,817 We4b7st er $2,W45ri9g,h0t 63 $3,091,638 $1,367,549 $737,620 49 $1,427,189
$5,164,389 Lawrence $3,400,288
30
60 $2,416,697 $5,1O6v0ls,t1la5n6 Do1u8g las 40 $2,108,715 $3,372,013 72 $1,113,723
$2,906,211 101 $746,843 $1,969,746
34 132 19 $3,702,121 78 28
McD17on ald $1,6B3a0rr,y7 40 S2to5n e Ta4n0e y O1z6a rk $6,587,269 $817,301 32 80 21
$835,027 $2,048,121 $779,375 $1,470,639
$1,091,793 A per county glance at the number of MPERS benefit recipients in Missouri,
The chart above contains data for all members employed in a benefit-eligible position
throughout FY 2022, with the exception of (1) those who terminated and received a refund of $660,512 the amount of their annual benefit payments, and active member payroll.
their employee contributions and (2) members who were approved for disability during the
52
fiscal year. 13
$2,421,808
Economic Impact
6,760 $326,628,227
Number of MPERS-covered Annual amount of salary paid to
employees living in Missouri. Missouri residents covered by MPERS.
MPERS Benefit Recipients & Covered Employees in Missouri
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]
www.mpers.org