Your 401(a) + 457(b) Retirement Plans = A Perfect Match!
Your 401(a) Plan: Contributions are made by the District to an account in your name, after one year of creditable service, for the exclusive benefit of you and your beneficiaries. The value of the account is based on the contributions made and the investment performance over time. No taxes are due, including on earnings, until you make withdrawals.
The 401(a) Retirement Plan is part of a total retirement program that includes Social Security and the voluntary 457(b) Deferred Compensation Plan.
Your 457(b) Plan: Your voluntary tax-deferred contributions are made to an account in your name for the exclusive benefit of you and your beneficiaries. The value of the account is based on the contributions made and the investment performance over time.
The 457(b) Deferred Compensation Plan is one piece of your retirement program designed to supplement your retirement savings. While your 401(a) Retirement Plan and Social Security may go a long way, they may not be enough. Saving to your 457(b) plan can help you maintain your desired standard of living.
Play matchmaker -- enroll in the voluntary 457(b) Plan today to save more for your retirement!
Here's where you can enroll:
One Judiciary Square
441 4th Street, NW
Suite 340N
Washington, DC 20001
(202) 442-9749
(202) 442-9640
|
ICMA-RC
77 K Street, NE
8th Floor
Washington, DC 20001\
(202) 759-7190
|
|