Payroll Reduction for Tax Deferred Annuities
DID YOU KNOW?
As a part-time or full-time higher education employee, you can contribute to the Missouri Deferred Compensation 457 Plan in addition to the 403(b) options too. This allows you to potentially double your tax-deferred contributions for the year. Your contribution can be deducted from your payroll as a pre-tax (traditional) or after-tax (Roth) contribution.
HOW TO ENROLL
To participate, you must contact one of the approved financial institutions on the provider list below to establish an account. Then complete the Voluntary Salary Deferral Agreement and submit to Human Resources.
Missouri Western does not and cannot provide advice about these particular companies. Missouri Western’s responsibility is to deduct the contribution from your payroll and forward it to the appropriate entity.