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The County Employees' Retirement Fund Proudly Announces the 2003 Savings Plan Matching Contribution

CERF's Board of Directors announced at its June meeting that the full Savings Plan match allowed by law is going to be offered again this year.

The Board has determined that CERF will match funds deposited into the 457 portion of the Savings Plan* for the year 2003 as follows:

For Non-LAGERS Members
50¢ on the dollar, up to the first 6% of pay

For LAGERS Members
25¢ on the dollar, up to the first 6% of pay

To be eligible to receive the matching contribution from CERF, you must work at least 1,000 hours during the calendar year and remain employed through December 31, 2003.  The matching contribution will be added to eligible accounts during the first quarter of 2004.

* The matching contribution will not be applied to money transferred from a previous deferred compensation plan.

NOTICE

Until final salary and hours information through termination date is received from the County Clerk on an employee ready to retire, the CERF Administrative Office cannot commence retirement benefits. However, benefits will be paid retroactively to the day the retiree is entitled.

Just a Reminder...

Though an employee who makes contributions will be terminating employment, DO NOT stop the payroll deduction for this employee's last pay period. As required by law, contributions MUST continue to be made through the date of termination.

CERF 457 Plan Hits Milestone...

The number of members with a balance in the CERF 457 plan recently hit 2500.  Since the plan began 1/1/2000, participation has grown every year despite some tough market conditions.  Every county within the CERF system has at least one member participating in the plan.

Information Available:

• July and August 2003 ASAP Performance Report Now Available

• Format sample for Excel periodic payroll upload file

• Guidance regarding Social Security Questions

New Brochures Available NOW!

• CERF Pension Plan
• When You Retire
• CERF 401(a) Savings Plan
• CERF 457 Savings Plan
• Creditable Service
• Survivor Benefits

To view these publications, you will need to open the file with Adobe® Acrobat Reader®.  If you do not have Adobe® Acrobat Reader® on your computer, you can download it for free from the Adobe® website.

The current date and time here in Jefferson City is 10/10/2003 2:07:56 AM

This page last updated 09/12/2003 02:00:49 PM -0500

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County Employees' Retirement Fund
428 E. Capitol Ave., Third Floor
Jefferson City, MO  65101
(877) 632-CERF
FAX (573) 761-4404
webmaster@mocerf.org