State of Missouri Deferred Compensation Plan 457(b)

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The State Technical College of Missouri 457(b) Deferred Compensation Plan is a plan that operates under Section 457 of the Internal Revenue Code. The 457 deferred compensation plan allows employees to save and invest money for retirement. Eligible employees may enroll on a voluntary basis at any time after employment begins. Contributions mad to the plan can be pre- or post-tax based on the election made by the eligible employee. Contributions are subject to annual IRS established contribution limits and can be changed or terminated at any time. The employee is fully vested in all contributions made.