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Deferred Compensation/Deferred Compensation Match
What is it?
You may set aside a portion of your salary pre-tax for retirement purposes through ICMA Retirement Corporation. Contribute as little of your salary as you want. Allocate contributions into one or all of the offered funds. Once enrolled, you may change the allocation and the amount contributed. Deferred Compensation Summary
How do I enroll?
Complete the 457 Enrollment Form , 457 Amount of Deferral Change Form, and 401 Plan Employee Enrollment Form
How do I change my beneficiaries, marital status, or name?
Complete the 457 Employee Information Change Form and/or 401 Plan Employee Enrollment Form
How do I increase, decrease, or suspend my deferral amount?
Complete the 457 Amount of Deferral Change Form.
How do I change my address, allocation(s), or funds?
To change your address, allocation(s), or funds, please use Account Access or call 1-800-669-7400.
How do I get more information?
Visit the ICMA website.
Contact Wendell Kristofak, Retirement Plans Specialist, wkristofak@icmarc.org, or 1-800-735-7202, Ext. 4911.
Contact the Human Resource Department at 253.6738 or hr@james-city.va.us.
How do I get more information on the funds?
Click here: Fund Profiles.
How much may I defer?
Contribution Limits |
||||
Year |
457 Limit |
Age 50 Catch-Up |
Combined Limit |
|
2006 |
$15,000 |
$5,000 |
$20,000 |
|
Deferred Compensation Pay Period Deductions Beginning January 14 |
||||
Year |
Regular Max Deduction |
Age 50 Catch-Up Max Deduction |
Combined Deduction |
Combined Deduction 24 Pay Periods |
2006 |
$625.00 |
$208.33 |
$833.33 |
$19,999.92 |
|