The University of Missouri (also, Mizzou, MU, or University of MissouriâColumbia) is a public land-grant research university located in Columbia, Missouri, U.S. It was founded in 1839 as the first public institution of higher education west of the Mississippi River.
A Simplified Employee Pension Plan (SEP) is a relatively uncomplicated retirement savings vehicles. A SEP allows employees to make contributions on a tax-favored basis to individual retirement accounts (IRAs) owned by the employees.
The beauty of a fully funded defined benefit pension plan is that it's the responsibility of the plan sponsor, which is usually the employer, to provide the cash deposits. A fully funded pension is one with a 100 percent funding status, which means there's enough dough to cover retirement liabilities. If a pension's at least 80 percent funded, it's considered healthy.