Deferred Compensation Plan (457 Plan)

Coverage

Deferred Compensation is a savings and investment plan for your retirement. The Vermont State Retirement System oversees the investment options and established the plan. All contributions can be made on a pre-tax or after tax basis depending upon the accounts you elect.

Cost

Participation in the Deferred Compensation plan is voluntary. You determine how much you wish to contribute to the plan, that amount is then deducted from your paycheck and transferred directly to your Deferred Compensation account.

Eligibility

The Deferred Compensation plan is available to all state employees and to employees of other public agencies such as municipalities, school districts, boards, and commissions if the public agency has elected to offer it.

Enrollment

To enroll in the Deferred Compensation program, click the Forms and Documents icon below and download the Deferred Compensation Deduction Change Form. Complete the form on your computer, then save it as a PDF and mail it to DHR Benefits If you do not have a digital signature to insert on the form, you may print the form to sign it and then scan and email it.

Administrator

Prudential Retirement - Vermont Retirement Systems
877-738-8376
(for account access and questions regarding disbursements)
Contact Your Local Representatives (for investment counseling)

 

 

Forms and Documents - Deferred Comp