Plan Updates

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2012 Plan Updates

  • 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. If you requested a disbursement from the State of Missouri Deferred Compensation Plan prior to November 8, 2011, then your 1099-R tax form(s) will be sent to you from the previous record keeper, ING. For any disbursements requested after November 8, 2011, your 1099-R tax form(s) will come from ICMA-RC. For your convenience, the 1099-R tax form(s) distributed by ICMA-RC are now available in Account Access under the Statements & Confirms tab. If you have general questions about the tax notice, please contact a Participant Service Representative at 800-392-0925 for assistance.

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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).