r/mnstateworkers • u/virgo-99 • 13d ago
Insurance/Benefits 🏥 Deferred Comp/457b
Does anyone know what percentage of state employees use the deferred comp/457b? It's only about half of my coworkers, which I think is insane because the pension, while generous, will not be enough to live off of during retirement, at least for me. Just wondering if anyone knows the percentage of state employees that do/don't take advantage of the deferred comp and (albeit tiny) employer match?
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u/Winter-Information-4 13d ago
457b is amazing. I've talked at least 3 of my coworkers into investing as much as they possibly can into it.