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SBCERS General
Plans | Deferred
Compensation Information | The
Hartford
The Hartford
Deferred Compensation Plans: As
a premier provider of 457, 403(b) and 401 plans we’re
committed to providing you with the attention, the tools and the
choices that
will help empower and enable you to live your dreams at retirement.
457 Deferred Compensation Plans
This employer sponsored retirement savings plan, usually offered by
municipalities and governmental entities, enables employees to defer
a portion of their current compensation for payment at later date,
generally retirement. Salary deferrals (or contributions) are voluntary,
and are made through the ease of payroll deduction. Under this plan,
any contributions and earnings accumulate tax-deferred. Remember,
withdrawals are taxed as ordinary income when they’re made.
A 10% federal income tax penalty may apply to amounts distributed
from your plan, which are attributable to an IRA or other qualified
plan. Early surrenders may also be subject to a Contingent Deferred
Sales Charge (CDSC).
The Benefits of Participating in the Plan
- Allows you to save for retirement on a pre-tax basis
- Your taxable
income is reduced by the amount of your contribution; see our calculators
- Any
earnings are tax deferred until withdrawn
Reasons to Consider The Hartford
- Long-term customer relationships based on individual attention
and exceptional customer service
- Personalized attention beginning at
enrollment
- Offices nationwide
- Strong local presence
- Hands-on approach
- Responsive to your needs
- Educational excellence
For more information regarding The Hartford’s retirement programs
contact us.
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