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Molly Goose's Contributions

Year Salary at Beginning of Year Annual Contribution Pay Period Contribution Balance at End of Year
1 $35,000 $350 1% $360
2 $35,525 $355 1% $746
3 $36,058 $361 1% $1,161
4 $36,599 $366 1% $1,607
5 $37,148 $371 1% $2,085
6 $37,705 $377 1% $2,597
7 $38,271 $383 1% $3,146
8 $38,845 $388 1% $3,734
9 $39,427 $394 1% $4,363
10 $40,019 $400 1% $5,036
11 $40,619 $406 1% $5,755
12 $41,228 $412 1% $6,524
13 $41,847 $418 1% $7,345
14 $42,474 $425 1% $8,222
15 $43,111 $431 1% $9,158
16 $43,758 $438 1% $10,157
17 $44,414 $444 1% $11,223
18 $45,081 $451 1% $12,360
19 $45,757 $458 1% $13,571
20 $46,443 $464 1% $14,863
21 $47,140 $471 1% $16,239
22 $47,847 $478 1% $17,704
23 $48,565 $486 1% $19,265
24 $49,293 $493 1% $20,928
25 $50,033 $500 1% $22,697

Total Contributions - $10,520
Account Balance at Retirement - $22,697

Disclaimer: For illustrative purposes only. Assumes a starting salary of $35,000, semi-monthly contributions, 1.5% annual salary increases, and 6% rate of return while employed. Numbers calculated using the Grow Your Retirement Savings Calculator.


MO Deferred Comp Plan
MO Deferred Comp Plan is a retirement savings plan for state of Missouri employees. The money you invest in the deferred comp plan is designed to provide additional income to supplement your MOSERS defined benefit pension and Social Security benefits in retirement.

Financial Education
Deferred comp financial education professionals deliver a variety of FREE seminars and consultations to help you make informed savings decisions as you prepare for retirement.

Pension Planning
The MOSERS defined benefit pension plan provides lifetime retirement income for state employees who are vested. Your benefit will be calculated based on your final average pay (FAP) and service: FAP x Multiplier x Years of Credited Service = Monthly Base Benefit.

Benefit Payment Options
When you retire, you will elect a benefit payment option. Your election determines if a benefit will potentially be paid to anyone else (your spouse or another beneficiary) after your death.

MM2-ABS
We encourage you to review your Annual Benefit Statement. It is a summary of your MOSERS benefits, which are a significant part of your total compensation. Use it to plan for and assess your retirement readiness as you move through your career!