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Can I take a loan out of my retirement savings account?

Feb 15, 2024, 16:00 PM by MOSERS
I would like to know if there was a way to take a loan out of my retirement account.

Your contributions to MOSERS defined benefit pension are not available for loans or partial withdrawals.  

In addition, if you have an account with MO Deferred Comp, loans are not permitted. However, the MO Deferred Comp 457 retirement savings plan does permit in-service withdrawals from your account under the following circumstances:

  • You experience a qualifying, unforeseeable emergency that causes extreme financial hardship, or
  • If your account balance is $5,000 or less – you may elect a one-time, in-service distribution, provided you have not made a contribution during the prior two-year period.
Please visit for more information, or if you have any questions, please call (800) 392-0925.
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