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Deferred Comp Plan. Provides you with a voluntary supplemental investment plan with tax deferred savings.
Deferred comp accounts have certain tax advantages as outlined in Section 457(b) of the IRS tax code. The SERS board has contracted with Empower Retirement as the third-party administrator of this investment plan. Defer Your Leave Payout. According to the IRS, leave payouts are eligible for deferral into deferred comp accounts.
Deferred Compensation Plan Account Sign In. Provides you with a voluntary supplemental investment plan with tax deferred savings. Available to most active employees. read more
The New York Power Authority Deferred Compensation Plan (“Plan”) is a voluntary retirement savings program that allows you to save and invest today for your retirement. The Plan is governed by Section 457(b) of the Internal Revenue Code.
Review your deferred comp plan highlights document to see how your deferred comp plan can help you save, invest and prepare for retirement. It’s important to understand how your retirement deferred comp plan works so you can take full advantage of the benefits it provides.
Newly Eligible Employees. Class A5 (Optional Classes A6 and 40) Under the SERS umbrella there are 3 different plan options.
The Act authorizes the State Employees' Retirement Board (“Board”) to establish and administer the Program as an eligible deferred compensation plan in accordance with the Internal Revenue Code (IRC) Section 457 (b) of 1986, as amended.
