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Sc Deferred Comp  Form

Sc Deferred Comp Form

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The MO Deferred Comp Plan presents Retirement Savings Basics in 30 Seconds – ish. and today’s video topic is the MO Deferred Comp Plan. That seems kind of redundant doesn’t it? Well kind of but you’d be amazed at how many state employees, don’t know what the deferred comp plan is or how it benefits them in the future. Huh…well…in that case, the MO Deferred Comp Plan is a retirement savings plan specifically created by statute for state of Missouri employees. It’s designed to complement your defined benefit pension from MOSERS or MPERS and social security income in your golden years. Wait, why do you need extra income if you already have those two sources of money rolling in? We’ve been over this before, Buzz. Your defined benefit pension and social security are fixed sources of income, meaning they are determined by a formula. Oh yeah I remember now and they generally only replace a portion of your current paycheck. That’s right and in order for state employees to r

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