457(b) Deferred Compensation Plans
(457) Plan (Pre-Tax)
(457) Plan is pre-tax when deducted from your check, and you don't pay taxes until you start receiving payments, usually at retirement when you are in a lower tax bracket.
Roth IRA (Post-Tax)
Roth IRA is deducted post tax, so the taxes are taken care of when you begin to receive payments.
Sign up for either, both, what works for you.
The Marion County Deferred Compensation Plans provide the opportunity for benefits-eligible employees to save for retirement on either a pre-tax or post-tax basis. There is no waiting period for this benefit.
Deferred Compensation Plan
To start, change or stop contributions; contact the Voya Portland Office at the number or web site listed below. Changes are effective the first paycheck of the next month, if received in time for that payroll run.