Catch-Up Provisions
There are two catch-up options for Plan participants; however, they may not be used concurrently.
One catch-up option may be used by participants who are age 50 or older by December 31 of the current year. They may defer an additional amount up to the IRS catch-up limit beyond the maximum annual deferral.
Another catch-up option for Plan participants may be used in one or more of the three calendar years before reaching "normal retirement age." You may be eligible to defer an additional amount equal to twice the maximum deferral for the year. To find out if you are eligible for this catch-up, please call the State of Missouri Deferred Compensation Plan Information Line at 1-800-392-0925.