Payroll and Employee Benifits

Deferred Compensation - 457(b)

A 457(b) plan is a Pre-Tax (Federal, State and Local taxes are delayed) way for employees to save money toward their retirement. The amount that can be saved in this manner is limited by the IRS and may change from year to year.  We currently offer 457(b) plans through Fidelity and TIAA-CREF.

Enrollment – If you are interested in enrolling in this plan, please click on the appropriate vendor's link below.

Deductions – The deduction amount selected is a per pay deduction and is deducted in the following manner:

  1. Bi-Weekly Staff/Service Employees - deduction will be taken from each regular check, 26 times per year.
  2. Bi-weekly Dining Service 9 month Employees - deduction will be taken out of each regular check September through May, 20 times per year.
  3. Exempt/Faculty/Professional Fiscal Year Employees - deduction will be taken from each regular check, 12 times per year.
  4. Tenured and Contract Faculty/Professional Academic Year Employees - deduction will be taken from each regular check of the academic year August through May, 10 times per year.

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