Welcome to Pocket Change!

Pocket Change is a hour-long, interactive financial workshop brought to you by the MO Deferred Comp Plan. The seminar teaches you that saving money —whether it’s for a short-term purchase or a long-term goal like retirement – truly is a journey. After you’ve attended this unique training session, you'll have a better understanding of your financial situation as a state of Missouri employee, identified areas in your life where you can make a pocket change, and calculated how much you should be saving to reach your financial goals.

This website provides a number of additional resources to help keep you on track along the way.

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Retirement Paycheck Sources

As a state of Missouri employee, your income in retirement will come from three primary sources: your defined benefit pension from either MOSERS or MPERS, social security, and your personal savings.

1. Defined Benefit Pension Plan

Eligible state of Missouri employees will receive guaranteed monthly income from their defined benefit pension throughout their retirement years. Your defined benefit pension from the State of Missouri will come from either MOSERS or MPERS.

Missouri State Employees' Retirement System (MOSERS)

MOSERS administers retirement, life insurance, and long-term disability benefits to most state employees.

MoDOT & Patrol Employees' Retirement System (MPERS)

MPERS provides retirement, disability and death benefits to employees from the Missouri Department of Transportation (MoDOT), Missouri State Highway Patrol (MSHP) and MPERS staff.

2. Social Security

Social Security is the foundation of economic security for millions of Americans—retirees, disabled persons, and families of retired, disabled or deceased workers.
Just like the defined benefit pension plan, these are guaranteed payments made to retirees throughout their retirement years.

For a better idea of the amount you can expect to receive from social security, visit their Retirement Estimator tool at www.socialsecurity.gov/estimator. You can also view your official social security statement online by creating an account at www.socialsecurity.gov/myaccount.

Deciding how and when you receive Social Security retirement benefits can significantly impact your retirement security. Use the Social Security Checklist to help identify what you need to know.

3. Personal Savings

Generally, the income you receive from your defined benefit pension and social security may not be enough to meet all your financial needs in retirement. Saving and investing additional money throughout your working career can help fill any income gap you may have. This is where the MO Deferred Comp Plan comes in. Deferred comp is a personal retirement savings account designed for state employees that will provide a necessary form of pay when you quit working. Employees contribute to this account throughout their career, direct their own investments, and manage their own balance in retirement.

Money Puzzle

A pocket change is a small financial adjustment you can make throughout your working career to better yourself financially.

Simple Budgeting Spreadsheet
Download this monthly budget spreadsheet (.xltx) to help you keep track of your personal or family budget.
Goodbudget.com is a budget tracker for the modern age. This virtual budget program keeps you on track with family and friends with the time-tested envelope budgeting method.
Small Change, Big Savings Calculator
This calculator shows how cutting back can add up over time.
 Student Loan Simulator
Loan Simulator helps you estimate monthly student loan payments and choose a loan repayment option that best meets your needs and goals.
Debt Repayment Calculator
This calculator will show you how long it will take to pay off your debt using a minimum payment, a fixed amount of your choosing, or a time when you would prefer to be debt free.
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State Employee Benefits

Learn More
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MO Deferred Comp Plan

The deferred compensation plan is a convenient and low-cost way for state of Missouri employees to save extra money for retirement with both before- and after-tax (Roth) money.
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Confidential Counseling

MOSERS (via MCHCP), MPERS and Conservation offer confidential counseling and referral services through ComPsych that can help you and your family successfully deal with life's challenges.

Long-term Disability

MOSERS and MPERS provide long-term disability benefits free of charge to most state employees. These benefits may help you get back on your feet in time to return to work or to retire.
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ShoRt-term disability (sick leave)

The State of Missouri provides employees with an allotment of paid sick days when employees are ill, injured or caring for an ill family member. To learn more about this benefit visit: http://oa.mo.gov/personnel/state-employees/employee-benefits/types-leave-available-state-employees
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cafeteria plan

The State of Missouri offers four pre-tax programs that allows an employee to pay for certain benefits without being taxed on the expenditure.


MOSERS administers term life-insurance to most state employees. All MOSERS insurance is "term life" insurance. There is no cash or loan value. Benefits are paid upon the death of a covered participant.
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If you’re wondering how much life insurance you may need, Bankrate’s life insurance calculator can help you hone in on the factors that affect the level of life insurance coverage you may want to buy.
MO Deferred Comp Plan
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Enrolling in the deferred comp plan is as simple as answering a few questions about yourself and choosing how much money to automatically contribute to the plan each paycheck. The process is secure and quick.
RetiremenTrack Calculator
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The RetiremenTrack calculator uses your personal information to develop a custom savings forecast that takes into consideration pension, social security, the deferred compensation plan and other savings.
Grow Your Retirement Savings Calculator
Grow Your Retirement Saving Calculator screenshot
The Grow Your Retirement Savings  Calculator shows how making regular contributions over a long period of time can have a big impact on your total retirement savings as well calculating the savings balance required at retirement to produce a specific amount of annual income.
FINRA BrokerCheck
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BrokerCheck is a free tool to help investors research the professional backgrounds of brokerage firms and brokers currently or formerly registered with FINRA or a national securities exchange, as well as current or former investment adviser firms and representatives.
Savings Boost Calculator
Savings Boost Calculator
The Savings Boost Calculator shows you how increasing your contributions can provide a valuable boost to your future savings. Even small increases can really add up over time.

Request a Pocket Change

Complete the form below to request a Pocket Change seminar at your agency. Once submitted, a MO Deferred Comp financial education professional will contact you to schedule a presentation.

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