Plan Updates

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2015 Plan Updates

  • Independence Day Update

    The New York Stock Exchange will be closed on Friday, July 3, 2015 in observance of Independence Day. Due to the holiday, transactions submitted via Account Access after 3:00 p.m. Central time (CT) on Thursday, July 2, will be processed as of the close of business on Monday, July 6. The Plan’s call center will reopen at 7:30 a.m. CT on Monday, July 6.

    Have a fun and safe holiday weekend.

  • Retirement IQ Scavenger Hunt

    For employees who were unable to pick up a cooler at Employee Recognition Day, an education specialist will personally deliver it to your agency within the next few weeks. In addition to the giveaways, participating employees were also entered into the Plan's random prize drawing. Those winners are:

    • Carman Jamison - Goal-Specific Financial Plan ($175 value)
    • Cindy Heislen - $15 Restaurant Gift Card
    • Eric Foster - $15 Restaurant Gift Card
    • Janice Wieberg - $15 Restaurant Gift Card

    Congratulations to all of the winners and thanks to everyone who helped make this event a success.

  • The Hunt is Over

    The Retirement IQ Scavenger Hunt is complete! Thanks to everyone who participated. Because of the overwhelming response, please be patient as we work through the submissions. Prize winners will be announced next week (June 15-19) and the giveaways will be distributed by our education specialists in the coming weeks. Once the winning entries are compiled, we will contact winners directly to arrange a time and place to pick up their giveaway. Thanks again for your participation in the Retirement IQ Scavenger Hunt.

    View the Answers

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  • New Missouri Stable Income Fund Rate

    The Missouri Stable Income Fund annualized credited rate effective third quarter 2015 (July 1 - September 30, 2015) is 2.30%.

  • June 2015 DC Update

    Employee Recognition Day is only a week away. Have you been taking part in the Retirement IQ Scavenger Hunt? The June DC Update catches up with some familiar faces who explain how you can get involved in the fun and put the deferred compensation plan to work for you this summer.

    June 2015 DC Update

  • Account Access Maintenance and Holiday Reminder

    The Plan’s record keeper, ICMA-RC, will be performing required system maintenance from 5 p.m. CT on Saturday, May 23 to 11 p.m. CT on Sunday, May 24, 2015. As a result, Account Access will not be available during this time frame. This outage will not impact the availability of www.modeferredcomp.org.

    Additionally, the New York Stock Exchange will be closed on Monday, May 25 in observance of Memorial Day.

    Due to the holiday, transactions received via Account Access after 3:00 p.m. Central Time (CT) on Friday, May 22, will be processed as of the close of business on Tuesday, May 26.

    Participant service representatives will be available to assist you from 7:30 a.m. to 8:00 p.m. CT on Friday, May 22, and the call center will reopen at 7:30 a.m. CT on Tuesday, May 26.

    Have a great holiday.

  • State Employee Recognition Week: Retirement IQ

    In celebration of State Employee Recognition Week, MOSERS and the State of Missouri Deferred Compensation Plan teamed up to host the Retirement IQ Scavenger Hunt. Beginning on May 20, this three-week-long, online scavenger hunt tested state employee knowledge of important retirement benefits. Employees who completed the scavenger hunt won an insulated cooler and were entered in the deferred compensation plan's State Employee Recognition Day prize drawing.

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  • May DC Update: Employee Recognition Week

    This month's DC Update introduces an exciting Employee Recognition Week contest and addresses the question every employee has had at one time: "What is the deferred compensation plan?".

    May 2015 DC Update

  • More on Partnering with Financial Professionals...

    You work hard for your money, so you shouldn't hand it over to just any financial professional. Unfortunately, choosing the right financial professional can be a confusing and difficult decision. What are a prospective financial professional's credentials? What standard of care does the professional follow? How does he or she charge for services? How will your money be invested? These are all important questions, but often times it's not easy translating the answer.

    This month, in an effort to provide guidance on working with financial professionals, the deferred compensation plan launched special editions of both its DC Update and Simply Put newsletter. Both are chocked full of indispensable information for retirement savers of all ages.

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  • April DC Update: Working With Financial Professionals

    This special edition of the DC Update examines the sometimes-confusing world of financial professionals. While the right professional can be an asset, not all of them are created equal. This month’s update highlights the different types of financial professionals, outlines some very important questions every saver should ask, and provides additional resources for making educated financial decisions.

    April 2015 DC Update

  • Holiday Update

    The New York Stock Exchange will be closed on Friday, April 3, 2015 in observance of Good Friday. Due to the holiday, transactions submitted via Account Access after 3:00 p.m. Central time (CT) on Thursday, April 2, will be processed as of the close of business on Monday, April 6. The Plan's call center will reopen at 7:30 a.m. CT on Monday, April 6.

  • Security Notice: Unsupported Web Browsers

    In an effort to maintain participant security, Account Access, the Plan's online account portal, will no longer support the Internet Explorer 7 or 8 web browsers. Plan participants accessing their accounts using either of these outdated browsers will receive an error message. Web browser updates typically include security enhancements that can help protect website visitors from known viruses or other types of fraudulent activity. While browser updates won't eliminate all security risks, updating your web browser when prompted will also ensure that websites continue to function properly on your system.

    Next steps: Find out which version of internet explorer you are using, or upgrade to the latest edition of Internet Explorer.

  • March 2015 DC Update

    Have you received solicitations from financial advisors claiming an association with the deferred compensation plan? This month's DC Update addresses that issue and explores security measures you can take in light of recent tax fraud. Plus, a basic comparison of the deferred compensation plan to individual retirement accounts, or IRAs.

    March 2015 DC Update

  • New Missouri Stable Income Fund Rate

    The Missouri Stable Income Fund annualized credited rate effective second quarter 2015 (April 1 - June 30, 2015) is 2.30%.

  • America Saves Week

    America Saves Week is a national event coordinated by America Saves and the American Savings Education Council. This week-long celebration encourages Americans to assess their personal savings situation and make positive changes to both short- and long-term savings habits. To celebrate this important event, the State of Missouri Deferred Compensation Plan is proud to bring you "Savings Unleashed".

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  • February DC Update: Nifty Saves of Pay

    Things are getting hot this February as we celebrate America Saves Week. Also in this edition, learn why you should take advantage of the saver's credit and discover a unique savings option for state employees retiring or leaving state service. This and more in the February edition of the DC Update, shot on location this month at Northwest Missouri State University in Maryville.

    View the February DC Update

  • Are you ready for a Pocket Change?

    State of Missouri employees are unique because they have access to a number of valuable employee benefits that can help in a variety of ways along their financial journey. The problem is it's not always easy making sense of those benefits and understanding how they fit together in the big picture. Beginning next month, the deferred compensation plan will offer a financial presentation that will help employees navigate these important financial topics.

    Learn more

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  • January DC Update: Sweat Less, Save More

    New year's resolutions shouldn't be back-breaking work. The January DC Update explores alternatives like automatic contributions to the deferred compensation plan. Also in this edition, news about an exciting training opportunity beginning next month, a reminder about 4th quarter statements, and the latest on 1099-R tax forms.

    View the January DC Update

2014 Plan Updates

  • MOSERS Unauthorized Access

    On December 11, 2014, MOSERS reported an unauthorized access to a limited number of MOSERS member records. While MOSERS serves as the administrator for the State of Missouri Deferred Compensation Plan, online participant account information for the deferred compensation plan is housed on a separate system. At this time, the Plan has not detected any suspicious account activity, but will continue to monitor the situation. As a reminder, participants are encouraged to regularly update their Account Access password to ensure the security of their online information.

  • December DC Update: A Deferred Compensation Carol

    This month in the December DC Update, the Plan is proud to present A Deferred Compensation Carol. This fun twist on a classic holiday tale reminds savers that it’s never too late to take control of your retirement savings.

    View the December DC Update

  • New Missouri Stable Income Fund Rate

    The Missouri Stable Income Fund annualized credited rate effective first quarter 2015 (January 1 - March 31, 2015) is 2.30%.

  • Retirement & Savings Survey Results

    In late October, in conjunction with the 2014 National Save for Retirement Week celebration, the Plan conducted an online Retirement and Savings Survey. The survey polled active participants on a number of questions related to pension and social security calculations, income replacement in retirement, contribution decisions, and other savings habits. Over 4,000 participants completed the questionnaire. The feedback received not only offers a unique glimpse into participant behavior, but it helps the Plan refine future education and communication initiatives. A special thanks to those who took the time to complete the survey.

    View the 2014 Survey Results (PDF)

  • Black Friday Deals Start TODAY

    The State of Missouri Deferred Compensation Plan’s Black Friday Ad has been leaked and the deals start as early as today. FREE training and one-on-one consultations, FREE Snapshot Financial Plans, waived penalties, plus so much more! View the 2014 Black Friday Ad and start saving today.

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  • Thanksgiving Holiday Update

    The New York Stock Exchange will be closed on Thursday, November 27, 2014 and will close early at 12:00 p.m. Central Time (CT) on Friday, November 28, 2014 in observance of Thanksgiving. Consequently, transactions will not be processed on Thursday, November 27 or after 12 p.m. CT on Friday, November 28. Transactions submitted via Account Access after 12 p.m. on Friday, November 28, will be processed as of the close of business on Monday, December 1. Despite the early closure of the New York Stock Exchange, the Plan Information Line will be available from 7:30 a.m. until 5 p.m. CT on Friday, November 28.

    Have an enjoyable holiday weekend.

  • November DC Update: Slicing Up Savings

    The November DC Update explores why pre-tax savings are an important deferred compensation plan feature. Plus, get to know your neighborhood education specialists and learn why they are a trusted source for Plan information. 

    View the November DC Update

  • IRS Announces 2015 Contribution Limit Increase

    On October 23, 2014, the Internal Revenue Service announced an increase in the annual maximum contribution amount for retirement plans in tax year 2015. These changes will directly affect the amounts you can contribute to the State of Missouri Deferred Compensation Plan.

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  • Find Your Five

    This National Save for Retirement Week, the deferred compensation plan has been promoting the benefits of percentage-based contributions. While participants are free to choose any percent-of-pay amount they'd like, the image below is a simple illustration of what 5% of pay looks like in real dollars in a variety of salary scenarios.

    Find your five.

  • National Save for Retirement Week

    National Save for Retirement Week, running from October 19-25, has traditionally been a great time to promote enrollment in the State of Missouri Deferred Compensation Plan. But this year, Missouri savers have taken matters into their own hands.

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  • October DC Update: National Save for Retirement Week

    Do you rep-percent savings? This month's update explores a simple account change that could make a world of difference to your savings strategy. Plus, learn why open enrollment period isn't the only time you can start saving with the Plan and why designating a beneficiary to your account is a must.

    View the October 2014 DC Update

  • New Missouri Stable Income Fund Rate

    The Missouri Stable Income Fund annualized credited rate effective fourth quarter 2014 (October 1 - December 31, 2014) is 2.25%.

  • September 2014 DC Update: Save with Confidence

    Have you ever been approached by a financial professional advising you to transfer your savings to a different plan? If so, you're not alone. The September DC Update dives into why this type of transaction can be a costly one and discusses the fees and costs you should be aware of. Also in this update, see which seminars are coming to your area in September and learn about how late-career employees are beefing up their savings with the Plan's catch-up provisions.

    View the September 2014 DC Update

  • Labor Day Update

    The New York Stock Exchange will be closed on Monday, September 1, 2014 in observance of Labor Day. Due to the holiday, transactions submitted via Account Access after 3:00 p.m. Central time (CT) on Friday, August 29, will be processed as of the close of business on Tuesday, September 2. The call center will reopen at 7:30 a.m. CT on Tuesday, September 2.

    Have a great holiday.

  • Saving with Confidence

    The State of Missouri Deferred Compensation Plan is an employee benefit created by state statute. As such, the salaries of Plan employees and its representatives are NOT tied to the amount participants contribute to the Plan or the investment options they choose within their accounts. Rest assured that any information you receive from the Plan is intended to be in your best interests.

    A recent Bloomberg.com article focused on financial brokers who are advising federal workers to roll their retirement savings from a low-fee, employer-sponsored plan to more expensive individual retirement accounts. If a financial professional suggests that you transfer your account balance to another fund or IRA, there is one simple question you should ask yourself:  “Are they acting in my best interests or their own?”

    Read the full Bloomberg.com article: "Brokers Lure Soldiers Out of Low-Fee Federal Retirement Plans"

  • August 2014 DC Update: Now's the Time

    Announcing an exciting new seminar that will help you complete the retirement income puzzle. Plus, get the scoop on what separates a 457(b) plan from a 401(k) and IRA.

    View the August 2014 DC Update

  • July 2014 DC Update: Where do you stand?

    This month's update includes an important announcement regarding the employer incentive (match) program. Also in this edition, take a closer look at how your peers are using the deferred compensation plan benefit, and learn more about  accessing your retirement savings in the "Now That's a Great Question" segment.

    View the July 2014 DC Update

  • Independence Day Update

    The New York Stock Exchange will be closed on Friday, July 4, 2014 in observance of Independence Day. Due to the holiday, transactions submitted via Account Access after 3:00 p.m. Central time (CT) on Thursday, July 3, will be processed as of the close of business on Monday, July 7. The Plan’s call center will reopen at 7:30 a.m. CT on Monday, July 7.

    Have a fun and safe holiday weekend.

  • Incentive Funding Withheld from FY15 State Budget

    Funding for the reinstatement of the employer incentive (match) program associated with the State of Missouri Deferred Compensation Plan has been withheld from the state budget at this time.

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  • June 2014 DC Update: Adding It Up with Percentage-Based Contributions

    The June 2014 DC Update examines how percentage-based contributions could help you reach retirement savings goals. Also in this edition, the Plan recaps the 4-Week Savings Spree Challenge and releases the results of the anonymous Financial Status Survey conducted earlier this year.

    View the June 2014 DC Update

  • Financial Status Survey Results

    Earlier this year the Plan conducted an anonymous Financial Status Survey. Sent via email to all active Plan participants, this online questionnaire aimed to gain a better understanding of participants’ spending and savings habits. More than 4,300 state employees completed the online survey. The Plan will use the results to develop custom education and communications materials for Missouri savers. View the Financial Status Survey results.  

  • 4-Week Savings Spree Challenge

    Congratulations to everyone who participated in the 4-Week Savings Spree Challenge. Whether you shared a tip, liked a post, or simply followed along with the Challenge, we applaud your participation and support of the cause. Those who regularly save and put money away for the future are the real winners of the Challenge.

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  • Memorial Day Update

    The New York Stock Exchange will be closed on Monday, May 26, 2014 in observance of Memorial Day. Due to the holiday, transactions submitted via Account Access after 3:00 p.m. Central time (CT) on Friday, May 23, will be processed as of the close of business on Tuesday, May 27. The Plan’s call center will reopen at 7:30 a.m. CT on Tuesday, May 27.

    Have a great holiday.

  • 4-Week Savings Spree Challenge

    The 4-Week Savings Spree Challenge has explored numerous ways to put money back in your pocket, but your journey is not complete. The final week of the Challenge will focus on the deferred compensation plan features that can put your savings to work and prepare you for a financially secure retirement.

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  • 4-Week Savings Spree Challenge

    Week 3 of the 4-Week Savings Spree Challenge will try to add some green back to your life, and we're not talking about your lawn.  This week we will focus our attention on trimming unnecessary expenses on items or services that you no longer use. You’d be amazed at how much you could save.

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  • 4-Week Savings Spree Challenge

    Week 2 of the 4-Week Savings Spree Challenge has us itching for the open road. With summer a little over a month away, it's easy for your savings to melt away with travel plans and outdoor activities. But there are still ways for you to have fun, without burning through all of your funds.

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  • May 2014 DC Update: Are you taking the challenge?

    The May 2014 DC Update details the 4-Week Savings Spree Challenge – the Plan's month-long employee appreciation event that's open to ALL state of Missouri employees. Also, meet the Plan's newest education specialist and learn just how easy it is to enroll in the State of Missouri Deferred Compensation Plan.

    View the May 2014 DC Update

  • 4-Week Savings Spree Challenge

    The 4-Week Savings Spree Challenge kicks off in a familiar location – your home. That place where you eat, sleep and spend time with family is also ripe with money saving opportunities.

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  • 4-Week Savings Spree Challenge

    We've all been there. You stroll into the grocery store, grab a cart and get halfway down the aisle only to realize the cart you grabbed has a bum wheel. Without constant guidance, the cart veers off into shelves and oncoming traffic. As you navigate the aisles and add items, the cart becomes more difficult to steer. Do you abandon the cart or finish your shopping?

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  • Holiday Update

    The New York Stock Exchange will be closed on Friday, April 18th in observance of Good Friday. Due to the holiday, transactions submitted via Account Access after 3:00 p.m. Central time (CT) on Thursday, April 17th will be processed as of the close of business on Monday, April 21st. The Plan's call center will reopen at 7:30 a.m. (CT) on Monday, April 21st.

  • First Quarter Statements Available in Account Access

    First quarter statements are now available online within Account Access. To view your statement(s), log on to Account Access and click the blue View Statements & Confirms button on the Account Summary homepage. 

    Statements & Confirms Button

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  • April 2014 DC Update: It's Your Time

    The April 2014 DC Update explores a classic savings example to explain the factors participants can control when building retirement savings. Also in this edition, take the stress out of employee training events with Education On-Demand, get to know the education specialists, and learn about a unique savings challenge launching later this month.

    View the April 2014 DC Update

  • March 2014 DC Update: Managing Your Balance

    The March DC Update explores tools and tips for managing your account balance now and in retirement. This edition also highlights popular participant questions and the tax advantages of saving with the Plan.

    View the March 2014 DC Update

  • 5 Ways to Celebrate America Saves Week

    America Saves Week Savings Assessment1. Assess your Savings Plan
    Before you can set goals and develop a savings plan, it’s important to review your current savings performance. The America Saves Week website offers a savings assessment tool that looks at your current savings habits to ensure you are saving for the right things. It takes minutes to complete and offers valuable feedback on what you’re doing well now and what you could be doing to improve your situation in the future. Assess your savings now.

    2. Proclaim a Savings Goal
    Financial goals are nice, but unless you dedicate yourself to reaching them, they’ll remain unattainable. Writing goals down and telling friends and family about your aspirations is a good place to start. Writing a goal down forces you to clarify what you want and motivates you to take action. In fact, a recent survey performed at Dominican University in California found that you are 42 percent more likely to achieve your goals by writing them down. Telling loved ones about your financial dreams will create a support system that can offer encouragement when times get tough and praise after achieving milestones. However you choose to go about it, remember to establish clear and attainable goals that will motivate you to make sound financial decisions.

    IRS Logo3. Save your Tax Refund
    This sounds simple enough, but some often wait until tax season to make major purchases with their refund dollars. If you’re looking for a way to instantly improve your financial situation, we recommend fighting that urge and saving your refund instead. The money could come in handy down the road in the form of emergency savings, or it could go a long way toward helping you achieve one of your savings goals.

    Mint.com logo4. Track your Spending
    Modern technology has made it easier than ever to track your spending and create a monthly budget through your computer or smart phone. Mint.com and Budgettracker.com are two of the most popular products, though there are various other websites dedicated to budgets and spending. Mint.com, in particular, will securely link to your bank, savings and credit card accounts to produce a convenient snapshot of your financial situation. You can create savings goals and monthly budgets and set up email alerts for when you make progress or over spend, respectively. Better yet, this service is absolutely free. Sign up online or download the Mint app on your smartphone.

    State of Missouri Deferred Compensation Plan Logo Money Matters Logo

    5. Register for a Free Financial Education Event
    There are a number of FREE financial education opportunities designed specifically for state of Missouri employees. Education specialists with the State of Missouri Deferred Compensation Plan provide financial seminars and one-on-one consultations at locations across the state. These seminars cover general investment topics and plan-specific features that help employees gain a better understanding of the deferred compensation plan benefit.  MOSERS also offers FREE Money Matters workshops designed for employees who want to know more about managing their finances. These workshops are available by special request from individual departments. Those interested should visit with their HR staff who may schedule a workshop onsite.

  • January 2014 DC Update: How much is enough?

    It's never too early to start thinking about where money will come from in retirement and how much to expect from those anticipated sources. This month's DC Update outlines ways to estimate retirement income and the role the deferred compensation plan plays in the process. Plus, details on Gov. Nixon's proposal to resume the state match program and a note about an often unknown tax break.

    View the January 2014 DC Update

  • Employer Incentive Update

    Governor Jay Nixon recently announced a proposal to resume funding of the employer incentive (match) associated with the State of Missouri Deferred Compensation Plan. If the budget recommendation passes, the funding would be part of the Fiscal Year 2015 budget beginning on July 1, 2014 and running through June 30, 2015.

    At this time, the State of Missouri Deferred Compensation Plan has no further details regarding Gov. Nixon’s recommendations. While the employer incentive would add value to an already important employee benefit, the State of Missouri Deferred Compensation Plan plays no role in state budget requests or decisions. Before budget recommendations are implemented, the Missouri Legislature must first pass the state budget in May of this year and the final budget must be signed by the Governor.

    More news will be posted to the Plan’s website and social media channels as it becomes available. You can connect with the Plan on Facebook, Twitter and YouTube.

2013 Plan Updates

  • New ING Stable Income Fund Rate

    The ING Stable Income Fund annualized credited rate effective first quarter 2014 (January 1 - March 31, 2014) is 2.00%.

  • December 2013 DC Update

    Are you being a Scrooge with your own retirement savings this holiday season? The December 2013 DC Update explores how increasing contributions now can have a major impact on your savings at retirement. This edition also highlights onsite visits from education specialists and the 1099-R tax forms arriving next month.

    View the December 2013 DC Update

  • Year-End Reminders: 1099-R Tax Forms and Required Minimum Distributions (RMDs)

    This update highlights important tax and RMD information for participants receiving distributions from the plan.

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  • November 2013 DC Update

    A special thanks to our many participants for the continued support of the deferred compensation plan benefit. In October, more than 32,000 Missourians contributed a combined $4 million in savings to the Plan. The November 2013 DC Update shares how significant this savings accomplishment is, while also reviewing 2014 contribution limits, the new and improved Account Access, and online seminar enrollment.

    View the November 2013 DC Update

  • The New and Improved Account Access

    Account Access — the secure online account portal maintained by our record keeper, ICMA-RC —was recently redesigned with a fresh new look and improved navigation.  Log on now to experience the new site, or watch this short webinar highlighting the major improvements. 

    The New Look of Account Access

  • October 2013 DC Update

    Saving pre-tax money with the deferred compensation plan will decrease your taxable income, but what does that mean for your paycheck? Take a stroll on the Plan's custom Paycheck Calculator to get the scoop. Also in this edition, four important Missouri Target Date Fund reminders, a note about online account access and cumulative auto enrollment statistics by department as of September 2013.

    View the October 2013 DC Update

  • Start Small, Finish Big

    For this year's National Save for Retirement Week celebration, we encourage you to consider small account changes that can have a big impact on your long-term savings goals.

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  • Frozen Fund Informational Sessions

    Please note: The following information applies to participants who are invested in Invesco Small Cap Growth, Dreyfus Third Century Z, Fidelity Asset Manager, or Prudential Jennison Blend. If you do not hold assets in these funds, please disregard this message.

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  • September 2013 DC Update

    In preparation for October's National Save for Retirement Week, the September DC Update explores small changes you can make now that will prepare your savings for long-term growth. Also included in this month's update are a few important retirement reminders and information about the Plan's financial planning services.

     View the September 2013 DC Update

  • August 2013 DC Update

    Pre-Tax or Roth contributions? The August DC Update explores the difference between these two savings options and what it could mean for you in retirement. Also in this edition, explore the new Education On-Demand page designed for small group orientations or individual learning on the go. Plus, education specialist Dan Wagner retires from the Plan after almost 40 years in the insurance and financial services industry.

    View the August 2013 DC Update

  • July 2013 DC Update

    The July 2013 DC Update takes a closer look at the RetiremenTrack calculator -- a custom online tool designed to help state of Missouri employees forecast their retirement savings situation. Also in this update, learn more about the Vantagepoint Public Employee Memorial Scholarship Fund sponsored by our record keeper, ICMA-RC, and the availability of the second quarter newsletter and statements.

    View the July 2013 DC Update

  • June 2013 DC Update

    The June 2013 edition of the DC Update highlights the Small Change, Big Savings calculator, an interactive tool that can help curb your spending habits. This month's update also includes important information on annuities and the many consumer services available to Missourians who are considering these products.

    View the June 2013 DC Update

  • May 2013 DC Update

    The May 2013 edition of the DC Update is now live. This month's update includes information on rolling other retirement accounts into the deferred compensation plan and how that can positively impact your retirement savings strategy. Also, learn more about the Plan's auto savings tools and financial planning services.

    View the May 2013 DC Update

  • Auto Increase Now Available

    The auto increase feature is now available within Account Access. This optional tool allows you to schedule annual contribution increases, so your deferrals keep pace with your career.

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  • State of Missouri Deferred Compensation Plan Awarded “2013 Plan Sponsor of the Year”

    JEFFERSON CITY, MO – The State of Missouri Deferred Compensation Plan was named the “Plan Sponsor of the Year” for 2013 by PLANSPONSOR magazine, the industry’s leading resource for retirement-benefits related news. Each year, the editors of the magazine recognize plan sponsors that demonstrate leadership in providing a more secure retirement for workers. The State of Missouri Deferred Compensation Plan, administered by the Missouri State Employees’ Retirement System (MOSERS), was chosen best in class in the public defined contribution category.

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  • America Saves Week 2013

    America Saves Week Banner Ad

    February 25-March 2, 2013, was America Saves Week, a national campaign that encourages individuals and families to save money and build personal wealth. One of the chief messages of this year's initiative was: "Set a goal. Make a plan. Save automatically." To that end, the State of Missouri Deferred Compensation Plan is an excellent solution to help you achieve retirement savings goals with automatic payroll deductions. Simply click the Enrollment button to the right to register and establish the savings amount you want deducted from each paycheck.

    If you're not sure how much to save with the Plan to reach your retirement goals, be sure to try out our RetiremenTrack calculator for a comprehensive retirement analysis that takes into consideration your future pension and social security benefits along with contributions to the deferred compensation plan.

    Join the America Saves movement by enrolling in the plan or logging on and adjusting your contributions today. 

  • Fiscal Cliff Bill Includes In-Plan Roth Conversion Provision

    The American Taxpayer Relief Act signed into law on January 2, 2013, includes a provision that will allow pre-tax savings in your deferred compensation plan account to be converted to Roth 457 savings at any time. Previously, the option to convert pre-tax savings to Roth savings within the deferred compensation plan was only available to participants who had separated from service. Please note that converted amounts are taxable as income, so an in-plan Roth conversion could result in a significant tax liability. Unless you have separated from service, you cannot use assets in your deferred compensation plan account to pay for the tax liability that will result from an in-plan Roth conversion.

    Visit our Publications and FAQ pages for general information about the Roth 457 savings option. We recommend that you consult with a qualified tax adviser before making a decision to execute an in-plan Roth conversion.

2012 Plan Updates

  • Retirement and Savings Survey Results

    In late October, in conjunction with our National Save for Retirement Week celebration, we conducted an online Retirement and Savings Survey. The survey polled active participants on a number of questions related to pension and social security calculations, income replacement in retirement, contribution decisions, and other savings habits. Over 5,000 participants completed the questionnaire. The feedback we received not only gives us a unique glimpse at participant behavior, but it will help us refine future education and communication initiatives. A special thanks to those who took the time to complete the survey.

    View the Survey Results (PDF)

  • New ING Stable Income Fund Rate

    The ING Stable Income Fund annualized credited rate effective first quarter 2013 (January 1 - March 31, 2013) is 2.25%.

  • Year-End Roundup: 1099-R Tax Forms and RMDs

    If you are a participant receiving distributions from the Plan, the end of the year is a crucial time to review your retirement savings account. The following update outlines what you need to know about 1099-R tax forms and required minimum distributions (RMDs).

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  • IRS Announces 2013 Contribution Limit Increase

    The Internal Revenue Service has announced an increase in the maximum contribution amounts for retirement plans for tax year 2013. These changes impact the amount participants can contribute to the State of Missouri Deferred Compensation Plan.

    The annual contribution limit for employees who participate in the Plan will increase from $17,000 to $17,500. In turn, the maximum contribution for the Pre-retirement catch-up provision will increase from $34,000 to $35,000 annually. The additional catch-up contribution limit for those aged 50 and over will remain unchanged at $5,500. Visit the IRS website for more information about 2013 pension plan limitations.

    As a reminder, if you would like to make a deferral change that will go into effect in January of 2013, you must submit that election in December of 2012.

  • Financial Markets Reopen

    The U.S. financial markets reopened on Wednesday, October 31, 2012. The markets were closed on Monday, October 29, and Tuesday, October 30, in response to Hurricane Sandy. In keeping with its corporate policy to mirror the schedule of the U.S. financial markets, our record keeper, ICMA-RC, was also closed during that time. Transactions that were submitted during the closure, including those submitted after 3 p.m. CT on Friday, October 26, will be processed with the trade date of October 31. If you have any questions, please contact a Participant Service Representative at (800) 392-0925.

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  • Financial Markets Close Due to Hurricane Sandy

    In response to Hurricane Sandy, U.S. financial markets will be closed on Monday, October 29 and Tuesday, October 30, 2012. In keeping with its corporate policy to mirror the schedule of the U.S. financial markets, our record keeper, ICMA-RC, will also be closed for business. Transactions will be accepted but they will not be processed until the markets reopen. The Plan’s local office in Jefferson City will remain open from 8:30 to 5:00 Central Time and can be reached by calling 573-893-1053.

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  • National Save for Retirement Week

    National Save for Retirement Week is a congressionally endorsed, national event that encourages employees to take advantage of their employer-sponsored retirement plans. For employees who aren't already participating in the State of Missouri Deferred Compensation Plan, this annual event is the perfect time to...

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  • An Introduction to the MIP Investment Option

    The MOSERS Investment Portfolio (MIP) fund option will become available to Plan participants on July 2, 2012. MIP will be a monthly valued investment option that offers Plan participants the ability to purchase units of the MOSERS investment portfolio. The following information details important MIP notes, dates and documents that you should carefully read before considering an investment in MIP.

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  • Consultation and Seminar Registration

    Get more out of your deferred compensation plan by attending an individual consultation or seminar in your area. Click the button below to find and register for events by zip code or keyword without logging on to Account Access. Simply click View Available Events, type in your zip code and mile radius and click Search to find the events coming to your area. You can also access the same event registration system by logging on to Account Access and navigating to the  Event Registration page under the Planning & Tools tab.

    register for an event now

  • 2011 1099-R Tax Form Update

    If you are expecting a 1099-R tax form as a result of a disbursement you received in 2011, all 1099-R tax forms were mailed as of Tuesday, January 24, 2012.

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  • An Important Message About Fourth Quarter Statements

    Fourth quarter statements are now available to all participants within Account Access under the Statements & Confirms tab. For those who do not have an email address on file, or who have opted out of receiving eDelivery notifications, you will receive your paper statement(s) in the mail soon.

    Here are a few important notes about your 4th quarter statement:

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2011 Plan Updates

  • New ING Stable Income Fund Rate

    The ING Stable Income Fund annualized credited rate effective first quarter 2012 (January 1 - March 31, 2012) is 2.75%.

  • Record Keeper Transition Complete

    Great news! The transition from ING Retirement Plans to ICMA-RC is complete! You may now access your online account and complete transactions as desired. To log on for the first time, you will need to click “Create Your Own Account” to establish a new User ID and password.

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  • Plan Record Keeper Transition Details

    In November, the State of Missouri Deferred Compensation Plan account records will transition from ING Retirement Plans (ING) to ICMA-RC. While no action is required from the participant for this transition to take place, this update provides valuable information surrounding the change. The details include a description of the transition process, some enhancements participants can expect with the new record keeper, key dates associated with the change and educational opportunities to help participants learn more about the Plan and transition.

    Transition FAQs

    Transition Webinar

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  • IRS Announces Contribution Increases for 2012

    The Internal Revenue Service has announced an increase in the maximum contribution amounts for retirement plans for Tax Year 2012. These changes directly affect how much you can contribute to your State of Missouri Deferred Compensation Plan account.

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  • Meet Buzz

    Designated as Missouri's official state insect, the honeybee is scientifically known as apis mellifera. At the State of Missouri Deferred Compensation Plan, we simply call him Buzz. As the Plan's mascot, Buzz represents the many hardworking and conscientious public employees who make up our State's workforce. Buzz is also a fitting reminder that even the busiest worker bee needs to take a moment to consider retirement savings, and that when it comes to your future you should always "Bee prepared."

    Look for Buzz hanging around the Plan website and in upcoming publications.

  • National Save for Retirement Week

    October 17-21, 2011, was National Save for Retirement Week. In celebration of this event, the Plan explored some common explanations employees have for not saving and how they are actually really good reasons to start sooner than later.

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  • New ING Stable Income Fund Rate

    The ING Stable Income Fund annualized credited rate effective fourth quarter 2011 (September 30 - December 31, 2011) is 3.0%.

  • Updates on the Nationwide Lawsuit

    Latest News and Past Updates 

  • New ING Stable Income Fund Rate

    The ING Stable Income Fund annualized credited rate is 3.0% through September 30, 2011.

  • Plan Record-Keeper Changing in November

    MOSERS has completed the search for recordkeeping services for the State of Missouri Deferred Compensation Plan. The current contract with ING expires this year, and it is common practice to conduct a review of the current provider and perform a bid process. Following an extensive review of responses to our request for proposal, the decision has been made to transition Plan recordkeeping services to ICMA-RC (Retirement Corporation)

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  • Favorable Court of Appeals Decision for the State of Missouri Deferred Compensation Plan

    On March 8, 2011, MOSERS received notification from the Office of the Attorney General that a three judge panel from the Western District Court of Appeals overturned the ruling of the Cole County Circuit Court regarding the Deferred Compensation Plan Nationwide lawsuit and ruled as follows:

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2010 Plan Updates

  • 3rd Quarter Simply Put Newsletter

    In this Issue: Investor Quiz Results, National Save for Retirement Week, and more...

  • Plan Match Suspension Extended

    An update on the the Plan match suspension for the Fiscal Year 2011 (July 1, 2010 - June 30, 2011).

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  • State of Missouri Deferred Compensation Plan Match Suspended

    As part of the most recent announcement of additional expenditure restrictions necessary to balance the state budget, the State of Missouri, Division of Budget and Planning announced yesterday that the employer incentive (match) associated with the State of Missouri Deferred Compensation Plan (the Plan) will be suspended at least through June 30, 2010. This will impact state contributions to the Plan for all participants beginning with the March 31, 2010 paycheck. To find out more about this change, please refer to this list of frequently asked questions.

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  • New Missouri 2055 Target Date Fund

    2055 Fund Fact Sheet

2009 Plan Updates

  • New ING Stable Income Fund Rate

    New ING Stable Income Fund rate effective 1st quarter 2010 will be 2.00%

  • Getting started in the Plan is easy!

    8 Steps to Easy Enrollment are just a click away.

  • Recent ING News

    A letter from Catherine Smith,CEO, ING U.S. Retirement Services

  • Lawsuit Update

    Recent Updates from the Office of Administration on the Market Value Adjustment

  • Important Information related to the 3rd Q 2009 Performance Returns for the Missouri Frozen Funds

    Please note that the dates on the Performance Return sheet enclosed with the 3rd quarter statements did not have the correct date ranges. However, the performance information was correct. Please see the link for the correct information.

    3rd Quarter Performance Returns

  • Plan Contribution Limits Increase for 2009

    The maximum employee pre-tax contribution to Section 457 plans will increase to $16,500. The maximum catch-up contribution for participants age 50 and over (Code Section 414(v)) has increased to $5,500. Click here for more information.

  • Plan Tax Forms

    You can view and print duplicates of your Plan tax forms for 2008 by clicking on "My Correspondence and Records" at the top of the screen. Tax forms will be mailed to your address of record by January 31, 2009, as required by the Internal Revenue Service (IRS).