The Missouri Retirement Benefits Plan (MBP) is a comprehensive program designed to provide retirement benefits to eligible public employees in the state of Missouri. It aims to ensure financial security and reward the dedicated service of public servants who have contributed to the growth and development of the state. The MBP encompasses various retirement plans tailored to meet the diverse needs and preferences of public employees. These plans include: 1. Missouri State Employees' Retirement System (MOSES): MOSES is a defined benefit pension plan specifically designed for state government employees. It guarantees a steady stream of income during retirement based on a formula that considers an employee's years of service and final average salary. 2. Public Education Employee Retirement System (PEERS): PEERS focuses on providing retirement benefits to educational employees, including teachers, administrators, and support staff in Missouri's public education system. It offers a defined benefit pension plan, ensuring financial stability during retirement. 3. Missouri Department of Transportation and Highway Patrol Employees' Retirement System (MYERS): This retirement system caters to the employees of the Missouri Department of Transportation and the Missouri State Highway Patrol. It offers a defined benefit plan that guarantees retirement income based on an employee's years of service and average final compensation. 4. Missouri Local Government Employees Retirement System (LAGERS): LAGERS provides retirement benefits to local government employees, including county, city, and district employees. It is a defined benefit plan that offers a retirement income based on an employee's salary and service years. 5. Missouri State Employees' Deferred Compensation Plan (Mode): Mode is a voluntary retirement savings program that allows state employees to make contributions from their salary on a pre-tax basis. It offers various investment options to help employees accumulate savings for retirement, along with potential tax advantages. These different types of retirement plans within the MBP aim to cater to the specific needs and preferences of different public employee sectors in Missouri. They ensure that public employees can retire with financial security and enjoy the fruits of their labor after years of dedicated service.