Supplemental Retirement
Louisiana Public Employees Deferred Compensation Plan:
The Deferred Compensation Plan is a Section 457 Retirement Program, commonly referred
to a supplemental retirement annuity.Ìý This plan provides employees with the opportunity
to invest money on a before tax basis, using payroll deduction.Ìý Because your taxable
income is reduced, you can invest money and defer taxes.Ìý The before tax aspect is
what makes Deferred Compensation Plans very attractive.Ìý Participants defer federal
and state income tax on their contributions.Ìý In addition, interest or earnings on
your account accumulates tax-deferred.Ìý No taxes are paid on the account until you
begin withdrawing funds. You may join the plan with as little at $10 per pay period.
You can contribute the lesser of $20,500 or 100% of compensation per calendar year.
Empower Retirement is the plan administrator for Louisiana Public Employees Deferred
Compensation Plan.
For more information about Louisiana Public Employees Deferred Compensation Plan,
please visit their
OR
Contact customer service:Ìý
P: (800) 937-7604 ext 35502
Enrollment:
Ìý
Ìý
Human Resources
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