457 Deferred Compensation
| Description: |
The Pima County Deferred Compensation Plan is offered by Nationwide under the Arizona State Retirement Systems (ASRS) Supplemental Salary Deferral Plan (SSDP). This plan allows you to contribute a portion of your salary to supplement retirement savings on a pre-tax basis.
Section 457 Deferred compensation plans are designed to help you supplement your retirement income. The County does not match funds or make any contributions. |
| Plan Updates: |
All existing Pima County deferred compensation 457 accounts will transfer to a new plan, administered by Nationwide in partnership with Arizona State Retirement System. Deferred Compensation deduction changes will be effective July 1, 2018. |
| Contributions: |
2020 Maximum Contributions
|
| Annual Minimum: |
$0 |
| Annual Maximum (under age 50**) |
$19,500 |
| Annual Maximum (age 50** and over) |
$26,000 |
* The annual maximum is the combination of the pre-tax and post-tax elections.
** Age is calculated as of the last day of the plan year.
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