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457(b) Deferred Compensation Plan

The 457(b) retirement Savings Plan lets you set aside pre-tax dollars to save for your retirement. If you are already saving under the FCPS 403(b) Tax-Sheltered Accounts Program, you may save under one or both plans. Full-time and part-time salaried employees of FCPS are eligible to enroll in the plan on their date of hire or any subsequent date during employment with FCPS.

It’s simple!

• You enroll on the Great-West website or with a local representative (see contact information in sidebar).
• You contribute a percent of your pay – ensuring that as your salary increases, your savings rate keeps pace.
• There are seven investment options to choose from – five of which you can track in the newspaper.
• You can move money from one investment to another with no restrictions or charges.
• No sales charges, commissions, annual administrative fee, or mortality and expense fees - ensuring that more of your money is at work for you.
• The 10% early distribution penalty does not apply to 457(b) plan withdrawals.

 

What's New in Benefits

• Express-Scripts.com has made some upgrades to online services. Notice of changes. Visit the Express Scripts summary page.
• Will your family be growing soon? See the Maternity/Paternity checklist to make sure your benefits and leaves forms and requests are submitted in time!
• Thrive! is back. If you are participating remember to log your minutes daily!