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The 457 plan is a type of nonqualified, tax advantaged deferred-compensation retirement plan that is available for governmental and certain nongovernmental employers in the United States. The employer provides the plan and the employee defers compensation into it on a pre tax or after-tax (Roth) basis.
CalPERS is responsible for a deferred compensation retirement plan and two other plans to supplement income after retirement or permanent separation from State employment. As of December 2014: [3] The CalPERS 457 Plan serves 27,526 participants and had $1.296 billion in assets.
The 457 (b) retirement plan offers many advantages to government workers, including tax-deferred growth of their savings, but these plans do come with some drawbacks. Here’s how the 457 (b)...
Each NPA is identified by one or more numbering plan area codes (NPA codes, or area codes), consisting of three digits that are prefixed to each local telephone number having seven digits. A numbering plan area with multiple area codes is called an overlay .
Length of Service Award Programs (LOSAPs) are retirement programs increasingly used across the United States to assist communities in recruiting, retaining and rewarding volunteer firefighters and EMS personnel.
The State of Oregon 457 (b) Deferred Compensation Plan, known as the Oregon Savings Growth Plan (or OSGP), is provided to state and other eligible public sector employees as a supplement to the defined benefit (pension) mandatory to all PERS participants.
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