Participant Updates

2016 Year-End Reminders

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

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Holiday Update

The New York Stock Exchange will be closed on Monday, December 26, 2016 in observance of Christmas. Due to the holiday, transactions submitted via Account Access after 3:00 pm central time (CT) on Friday, December 23rd and on Monday, December 26th will be processed as of the close of business on Tuesday, December 27th. The local plan office and call center will reopen at 7:30am CT on Tuesday.

Have a wonderful Christmas holiday.

DC Update - 2016 4th Quarter

This year's holiday DC Update, The Twelve Days of Deferred Comp, is just the video to keep you warm (from laughing that is) on this cold December day! Enjoy!

VIEW THE 2016 4th Quarter DC UPDATE

 

Missouri Stable Income Fund Rate

The Missouri Stable Income Fund annualized credited rate effective first quarter 2017 (January 1 - March 31, 2017) will be 2.25%.

MO Deferred Comp Mobile App

Have you been waiting for an easy and convenient way to access the MO Deferred Comp Plan? Your wait is over! Deferred comp just released its NEW mobile app.

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2016 Contribution Improvements

Effective December 18, 2016, future contributions to MO Deferred Comp can only be made in a percentage format. Just like the name suggests, percent-of-pay contributions are a retirement savings amount based on a percentage of your pay. Contributions can be made at a minimum of 1% and adjustments can be made in as little as 0.1% increments. Current dollar-based contributions will remain in a dollar form until a change is made by the saver.

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IRS Contribution Limits Remain Unchanged for 2017

On October 27, 2016, the Internal Revenue Service announced that contribution limits will not change in 2017. Contribution limits are determined by either an increase or decrease in the cost-of-living index and directly affect the amounts a participant can contribute to the State of Missouri Deferred Compensation Plan. Below are the contribution limits for the 2017 tax year.

Maximum Annual Deferral – under age 50 $18,000
Age 50 and Over Catch-up Provision Limit $6,000
Pre-Retirement Catch-up Provision Limit $18,000

For more information, please visit the IRS website.

Your Whole Story

2016 National Retirement Security Week

Saving for retirement doesn’t have to be complicated or difficult. Throughout Natoinal Retirement Security Week, we’ll be posting some of our favorite savings tips that can help you along your retirement savings journey.

View NRSW Savings Tips

2016 Retirement and Savings Survey Results

In September, MO Deferred Comp conducted three Retirement and Savings surveys targeting active employees age 35 and under, active employees over age 35, and terminated employees (retirees) over age 55. With nearly 8,000 responses (that’s a 12% response rate), the feedback received has proven to be extremely insightful and will help the plan better understand participants’ needs and ultimately improve education efforts. Thank you to everyone who participated in this year’s surveys.

View Survey Winners & Results

Missouri Stable Income Fund Rate

The Missouri Stable Income Fund annualized credited rate effective fourth quarter 2016 (October 1 - December 31, 2016) will remain at 2.30%.

Missouri Stable Income Fund Rate

The Missouri Stable Income Fund annualized credited rate effective third quarter 2016 (July 1 - September 30, 2016) will remain at 2.25%.

Play Ball: The MO Retirement Series

MO Retirement Series Logo

Are you ready to slide head first into retirement planning? Beginning May 26 and running up until State Employee Recognition Day on June 9, MO Deferred Comp, alongside retirement providers MPERS and MOSERS, will be hosting the MO Retirement Series game. Designed for MPERS and MOSERS members at all career stages, this fun contest will challenge you to learn more about valuable retirement benefits. Those who complete the game will earn a free 24. oz. tumbler and be entered in the MO Deferred Comp Plan’s random prize drawing at State Employee Recognition Day.

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Retirement Savings Simplified with New Look, Website.

From everyone at the deferred comp plan, we’d like to welcome you to the new and improved modeferredcomp.org, which also features a new logo and branding system. Why the change? Saving for retirement is a long-term journey requiring personal sacrifice, but also ongoing growth and education as your career evolves and retirement draws ever closer. The new logo, brand and website aim to simplify not only the website user experience, but also the ways deferred comp participants engage with this important employee benefit.

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New Look, Website Coming Soon

The deferred compensation plan is excited to announce the launch of a new look and website on April 22, 2016. The change will bring with it a fresh new logo, simplified naming convention, updated color scheme, new tag line and a redesigned, front-facing website at modeferredcomp.org. Other deferred compensation plan publications – including booklets, handouts, and forms – will be updated as their print quantities are replenished. This rebranding effort will go a long way toward improving plan recognition and educational efforts.

As a result of this conversion, modeferredcomp.org may be temporarily unavailable following market close at 3 p.m. CT on April 22, 2016. We apologize for any inconvenience this may cause. Please note: This change will NOT impact the functionality of the secure Account Access website.

Holiday Update

The New York Stock Exchange will be closed on Friday, March 25, 2016 in observance of Good Friday. Due to the holiday, transactions submitted via Account Access after 3:00 p.m. central time (CT) on Thursday, March 24, will be processed as of the close of business on Monday, March 28. The local Plan office will be open on Friday and the call center will reopen at 7:30am CT on Monday.

State of Missouri Deferred Compensation Plan Wins an Eddy Award

The State of Missouri Deferred Compensation Plan was awarded a prestigious Eddy Award from Pension & Investments (P&I) magazine at its East Coast Defined Contribution Plan Conference on March 7, 2016. The P&I Eddy Awards recognize the best practices in retirement savings education for defined contribution plan participants. The deferred compensation plan won first place among public sector nominees in the ongoing investment education category.

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Missouri Stable Income Fund Rate

The Missouri Stable Income Fund annualized credited rate effective second quarter 2016 (April 1 - June 3, 2016) will remain at 2.25%.

America Saves Week 2016



The deferred compensation plan's very own news team caught up with state employees to see how they're making automatic savings a priority during America Saves Week.

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New Withdrawal Penalty Exception for Public Safety Employees

New in 2016, public safety employees who separate from service in the year they reach age 50 or later may withdraw money from 401 defined contribution (DC) plan accounts without the payments being subject to a 10% early withdrawal penalty.

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2015 Year-End Reminders

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

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December 2015 DC Update

Saving and giving don’t always go hand in hand, but don’t tell that to Buzz the Bee, the deferred compensation plan mascot. Watch the holiday edition of the DC Update to see how he manages to save for retirement while still spreading good cheer.

VIEW THE DECEMBER 2015 DC UPDATE