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Lincoln County approves participation in Washington State Deferred Compensation Program
Summary
The Commissioners authorized participation in the Washington State Deferred Compensation Program in addition to the county's 457 plan (Res. 2026-14), noting the program is voluntary, employee-funded and includes no employer contribution.
The clerk requested that Lincoln County authorize participation in the Washington State Deferred Compensation Program (DCP) to be offered in addition to the existing county 457 plan administered through John Hancock Financial and Lincoln National Insurance. The program is voluntary, employee-funded and administered by the state; the county's role is limited to processing enrollments and transmitting payroll contributions.
The Commissioners unanimously approved the resolution authorizing participation (Res. 2026-14). The minutes record that the plan does not replace existing benefits, includes no employer contributions, and that enrollment and contribution processing will be handled through standard payroll deduction.
