NPERS encourages voluntary Deferred Compensation Plan (DCP) contributions and explains benefits and enrollment
NPERS presenters promoted the DCP 457 plan as a voluntary way to save more for retirement, explained contribution limits (presenter cited $23,000 for those under 50 and $30,500 for catch-up), a $25/month minimum, and options to roll eligible sick/vacation banks into DCP before retirement.
The full story
At the NPERS pre-retirement seminar Heather Critchfield Smith urged eligible employees to consider the Deferred Compensation Plan (DCP), a voluntary 457 plan that allows additional pre-tax saving on top of mandatory retirement contributions.
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