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April 5, 2025
Question

Is the Missouri Teacher Retirement Fund considered a 403(b)?

  • April 5, 2025
  • 1 reply
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    April 5, 2025

    No, Public School Retirement System of Missouri (PSRS) is a defined benefit plan.  

     

    A 403(b) plan (also called a tax-sheltered annuity or TSA plan) is a retirement plan offered by public schools and certain 501(c)(3) tax-exempt organizations. Employees save for retirement by contributing to individual accounts.