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Deferred Compensation Plan


 The Minnesota Deferred Compensation Plan (457 plan) offers you a way to make the most of each dollar you set aside for retirement.  Some of the benefits include:

  • Matching Dollars.  Most Ramsey County employees are eligible for an employer match for their deferred compensation plan.  Ramsey County employees who are not represented by a union are eligible for a $20 per month employer match.  If you are covered by a union, check your bargaining agreement to see what the employer match is for your group.
  • Pre-Tax Savings.  You don't pay income taxes on your contributions or the earnings they accumulate until you make a withdrawal.
  • Many Investment Options.  You select the mix of investments that meets your specific needs.
  • Low Minimum Contributions.  You can contribute as little as $10 per paycheck.

Find out more about the Deferred Compensation plan at their website, or call 1-800-657-5757.

You can also meet with a plan representative at several Ramsey County locations.  Click here or the schedule.