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Staff Report TO:Board of CommissionersFROM:Administrator/Controllers Officiate:December 8, 2021RE: MERS 457 Deferred Compensation Plan Participation Agreement ___ BACKGROUND In partnership with the

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How to fill out 457b supplemental retirement program

01

Contact your employer to enroll in the 457b supplemental retirement program.

02

Choose the percentage of your salary that you want to contribute to the program.

03

Select your investment options from the available choices.

04

Monitor and adjust your contributions and investment selections as needed.

Who needs 457b supplemental retirement program?

01

457b supplemental retirement program is typically available to employees of state and local governments, as well as some non-profit organizations.

02

Those who want to save additional money for retirement beyond their traditional pension or 401k plan may benefit from a 457b program.

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What is 457b supplemental retirement program?

The 457b supplemental retirement program is a type of retirement savings plan for government employees and certain non-profit organizations.

Who is required to file 457b supplemental retirement program?

Employees of government agencies and eligible non-profit organizations are typically required to file a 457b supplemental retirement program.

How to fill out 457b supplemental retirement program?

To fill out a 457b supplemental retirement program, individuals need to provide information about their contributions, investment options, and beneficiaries.

What is the purpose of 457b supplemental retirement program?

The purpose of a 457b supplemental retirement program is to help employees save for retirement in addition to any pension plans or Social Security benefits they may receive.

What information must be reported on 457b supplemental retirement program?

Information such as contributions, investment selections, and beneficiary designations must be reported on a 457b supplemental retirement program.

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