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Deferred Compensation
The 457 Deferred
Compensation Plan is a tax-deferred program offered by the County of
Monterey through a contracted financial institution. This voluntary
plan allows participants to save for retirement now and pay taxes
later by a contributing portion of their salaries to the plan through
payroll deductions. These plans are offered to the employees of state and local
governments, subdivisions of state governments or certain eligible
key employees of tax exempt organizations.
The current quarter rate (4/1/13 through 6/30/13) on Monterey County's Custom Stable Value Fund (CSVF) or fixed fund is 2.40%.
Deferred Compensation Plan:
Deferred Compensation Administrative
Committee Flyer
Deferred Compensation Plan Flyer
457 Deferred Compensation Plan
A Quick Overview of Deferred Compensation for Employees: Features &
Highlights
Video:
Great West Retirement Services Seminar "Increasing Your Deferral"
Deferred Compensation Plan Changes:
Deferred Compensation Plan Enhancements added June 2007
By Lou Solton, Chair of the Monterey County Deferred
Compensation Committee
Video: Great West Retirement Services
Seminar "What Lies Ahead"
Deferred Compensation Forms:
Participant Enrollment, Governmental 457 Plan Form
Salary Deferral
Agreement, Governmental 457 (b) Plan Form
Beneficiary
Designation, Governmental 457 (b) Plan Form
Distribution/Direct Rollover Request, Governmental 457 Plan Form
(Includes Participant
Distribution Guide)
Revised August 4, 2011
Incoming/Transfer Direct Rollover
Request, Governmental 457(b) Plan Form
Revised September 7, 2007
Personnel Information Change Request
Death Benefit Claim Request, Governmental 457 Plan Form
Monterey County's Policy and Bylaws
on Deferred Compensation:
Bylaws of
the Deferred Compensation Plan Administrative Committee and
Delegations of Additional Responsibilities to the Plan Administrator
Deferred Compensation Plan Investment Policy Statement
If you are interested in finding out
more about the 457 Deferred Compensation plan for Monterey County,
please contact:
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Ed Lopez
Great West Retirement Services
1-831-682-0014
www.gwrs.com
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Terri Cook
Monterey County Risk Management Office
(831) 796-3529
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