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Home > Faculty & Staff > Human Resources > Benefits > Deferred Compensation Plan 457

Deferred Compensation Plan

health benefits

Automatic enrollment -- an Enrollment Packet will be sent to your home address. This plan is a defined contribution pension plan where the participant assumes the investment risk. There is also a restrictive hardship withdrawal provision. After 90 days of employment, $20 will be deducted from your paycheck to a 457 account. You can opt out within 90 days to stop automatic enrollment or increase your contribution using the PIN number provided in VRS enrollment packet.