Could the MOSERS board properly administer both the retirement plan and the deferred compensation plan?
Yes – it is very common for boards of retirement systems to function in both capacities. In at least 20 other states, oversight responsibility for the deferred compensation programs for state employees has been assigned to the boards of trustees of the state employees retirement systems. The MOSERS board would be required to act as fiduciaries for your retirement system, as well as for the deferred compensation program.
Related Questions
- Does the Deferred Compensation Plan affect my service retirement benefit from a retirement plan administered by PERS or my Social Security?
- Can I move money from another retirement plan into my account in the State of Delaware Deferred Compensation Plan and Match Plan?
- Can I contribute to both the 403(b) Supplemental Retirement Plan (SRP) and the 457(b) Deferred Compensation Plan?
