undivided of the best employee bene...

undivided of the best employee benefits available to the public sector is the Section 457 deferr compensation retirement program. These payroll-deduction plans are employer-adopted, voluntary and flexible.

Employee may good the amount of pre-tax deferrals, investment estimations and die form and timing of retirement distributions. For employer these plans do not carry the substantial administrative tonnages often associated with traditional pension programs.

It is vital for cities and counties to lay solid groundwork before soliciting proposals from outside vendors. clew steps before advertising for providers include.

* Identifying regulatory constraints and changes. These programs operate subordinate to Section 457 of the Internal income Code and its associated Treasury Regulations, while relevant state laws vary. Therefore, it is important to obtain rife information from the appropriate state agency, which may also provide assistance if the state presents a deferred compensation plan lay open to local government employees;

* Determining if portions