Average Employee - Retirement Savings MythBusters

February 24, 2022

The average state employee saves for retirement with MO Deferred Comp. This is accurate! Over 80 percent of all state employees save for retirement with the deferred comp plan. In fact we recently looked at plan data and determined the average state employee contributes roughly 5 percent or $165 to their deferred comp account each month. That's up significantly from just a few short years ago. If you're falling behind the average, now is a great time to increase your contribution or start saving. Don't wait, log into your account and boost your savings amount today.