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What’s the Difference? Defined Benefit vs. Defined Contribution

Aug 20, 2024, 10:02 AM by MOSERS

Members who are new to MOSERS, as well as existing members, may not be aware that their MOSERS defined benefit pension and defined contribution plan through MO Deferred Comp are two separate benefits.

Remind your employees that their MOSERS pension and MO Deferred Comp savings plan deliver two completely different sources of income in retirement. They both work together to provide members with financial stability throughout their retirement.

If your employees want to save more in retirement, have them reach out to MO Deferred Comp. Their financial education professionals are happy to help!

 

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