Get Mndcplan

Ramsey County's 457(b) Deferred Compensation Plan offers employees a way to make the most of each dollar they set aside for retirement. Two contribution options are available: a traditional pre-tax option and an after-tax Roth option.

The County of Riverside offers a voluntary Deferred Compensation Plan to assist employees in meeting their financial goals in retirement. Employees may choose to contribute to Deferred Compensation Plans through Nationwide Retirement Solutions and/or VALIC.

A deferred compensation plan is another name for a 457(b) retirement plan, or “457 plan” for short. Deferred compensation plans are designed for state and municipal workers, as well as employees of some tax-exempt organizations.

The Bottom Line. If you have a qualified plan and have passed the vesting period, your deferred compensation is yours, even if you quit with no notice on very bad terms. If you have a non-qualified plan, you may have to forfeit all of your deferred compensation by quitting depending on your plan's specific terms.

Call the Automated Voice Response System1 at 800-657-5757, option 2: or. Contact an MSRS Representative2 at 800-657-5757, option 3.

The Minnesota Deferred Compensation Plan (MNDCP) is a voluntary savings plan intended for long-term investing for retirement. Authorized under Section 457 of the Internal Revenue Code, the MNDCP is a smart and easy way to supplement retirement income from your Minnesota public pension and Social Security benefits.

Full retirement benefit - eligible when you meet one of the following criteria: age 65; or. Rule of 90 (your age plus years of service equal 90 or more); or. age 62, with 30 or more years of service.

A deferred compensation plan withholds a portion of an employee's pay until a specified date, usually retirement. The lump sum owed to an employee in this type of plan is paid out on that date. Examples of deferred compensation plans include pensions, 401(k) retirement plans, and employee stock options.