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Deferred Compensation Click Here to View Upcoming Meetings 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 (1/1/16 through 3/31/16) on Monterey County's Custom Stable Value Fund (CSVF) or fixed fund is 1.95%. Deferred Compensation Plan:
Deferred Compensation Administrative
Committee Flyer
Deferred Compensation Plan Flyer
Deferred Compensation Plan Changes:
Deferred Compensation Plan Enhancements added June 2007
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
Incoming/Transfer Direct Rollover
Request, Governmental 457(b) Plan Form Monterey County's Policy and Bylaws on Deferred Compensation: If you are interested in finding out more about the 457 Deferred Compensation plan for Monterey County, please contact:  |
Ed Lopez |
Paulette Clark |
