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State of Connecticut Deferred Compensation Section 457 Plan Special 3Year Matchup Provision What is Special 3Year Matchup Provision? This provision allows those eligible for the State of Connecticut

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How to fill out 457b deferred compensation special

01

To fill out a 457b deferred compensation special, follow these steps:

02

Obtain the necessary forms from your employer or plan provider.

03

Provide your personal information, including your name, address, and Social Security number.

04

Indicate your employment details, such as your job title and employer's information.

05

Choose your contribution amount and specify whether it is a percentage of your income or a fixed dollar amount.

06

Determine your contribution frequency, such as monthly or bi-weekly.

07

Select your investment options, which may include various funds or investment vehicles.

08

Decide whether you want to make any catch-up contributions, which are additional contributions allowed for individuals nearing retirement age.

09

Review the completed form for accuracy and completeness.

10

Sign and date the form.

11

Submit the form to your employer or plan provider as per their instructions.

Who needs 457b deferred compensation special?

01

457b deferred compensation special is designed for certain eligible employees, such as:

02

- Government employees: This plan is commonly offered to federal, state, and local government employees.

03

- Non-profit organization employees: Some non-profit organizations may offer this plan to their employees.

04

- Public school employees: Teachers and other staff members working in public schools may be eligible for this plan.

05

- Some hospital employees: Certain healthcare organizations may provide this plan to their employees.

06

- Other eligible employees: The specific eligibility criteria may vary depending on the employer or plan provider.

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