The Voluntary 457 Deferred Compensation Plan is a retirement savings plan that allows employees to defer receiving a portion of earnings until retirement. Intended to supplement retirement income form a State Plan or act as a stand-alone plan.
Loans and hardship withdrawals are allowed. Contact the Bureau of Deferred Compensation’s office at (877) 299-8002 to discuss your situation and request the necessary form.
Contact your investment provider company to update.
Note: It may take several weeks to stop or change your 457 deductions. To begin this process, please contact the Bureau of Deferred Compensation’s office at (877) 299-8002.