Deferred Compensation
The County provides a Section 457 Deferred Compensation Program which is administered by Great West Life and Annuity Insurance Company. All regular and temporary employees may participate in this defined contribution plan. This allows participants to save for retirement now and pay taxes later by contributing a portion of their pre-tax earnings to the plan. Contributions are then invested, at the employee's direction, into one or more of the variety of investment options. Currently, the plan offers a wide profile of asset classes ranging from conservative to aggressive. There are also several fixed income funds with which participants may invest. Participants may defer up to the IRS maximum each year. The County does not offer any match on these funds. Eligible employees may enroll in this program at any time.

(updated 11-27-06)