A 457(b) Deferred Compensation retirement plan is a tax-deferred plan that offers you an additional opportunity to save more money for retirement and pay less in taxes now. When you elect to participate, a portion of your salary is set aside – on a pre-tax basis – to save toward supplementing your main retirement plan and Social Security. This plan is available to all state employees who are eligible for benefits. A minimum contribution of $25.00 per pay period is required for non-classified employees or $10.00 if you are a state classified employee.
Please contact Heather Nayman at 874-4618 for more information.
Providers to Choose From:
Classified Employees (Council 94, ESP & Nurses Unions) Please sign up for the State 457 B plan through Retirement@work on the State Employee Benefits Office website.