Common use of DEFERRED COMPENSATION (457 PLAN) Clause in Contracts

DEFERRED COMPENSATION (457 PLAN). 1. Employees of the Participant may participate in the County’s deferred compensation plan (“457 Plan”), the 457 Plan is a retirement plan offered to public employees to set aside money from each paycheck toward retirement. The County does not match or provide any contributions into the 457 Plan. 2. The County retains a third party vendor to manage its retirement investments, including the 457 Plan. The County shall provide Participant’s employees with the information regarding the vendor managing its 457 Plan. 3. Participants utilizing the County’s payroll system will go through Human Resources for plan elections, terminations and changes to a participants deferred compensation account in the County’s payroll system. 4. If Participant is not utilizing the County’s payroll system, she will have to enter plan elections, terminations and changes to a participants deferred compensation account in to her own payroll system.

DEFERRED COMPENSATION (457 PLAN). 1. Employees of the Participant may participate in the County’s deferred compensation plan (“457 Plan”), the 457 Plan is a retirement plan offered to public employees to set aside money from each paycheck toward retirement. The County does not match or provide any contributions into the 457 Plan. 2. The County retains a third party vendor to manage its retirement investments, including the 457 Plan. The County shall provide Participant’s employees with the information regarding the vendor managing its 457 Plan. 3. Participants utilizing the County’s payroll system will go through Human Resources for plan elections, terminations terminations, and changes to a participants an employee’s deferred compensation account in the County’s payroll system. 4. If Participant is not utilizing the County’s payroll system, she will have to enter plan elections, terminations terminations, and changes to a participants an employee’s deferred compensation account in to her own payroll system.

DEFERRED COMPENSATION (457 PLAN). 1. Employees of the Participant may participate in the County’s deferred compensation plan (“457 Plan”), the 457 Plan is a an optional retirement plan offered to public employees to set aside money from each paycheck toward retirement. The County does not match or provide any contributions into the 457 Plan. 2. The County retains a third party vendor to manage its retirement investments, including including, the 457 Plan. The County shall will provide Participant’s employees with the information regarding the vendor managing its 457 Plan. 3. Participants utilizing the County’s payroll system will go through Human Resources for plan elections, terminations terminations, and changes to a participants Participant employee’s deferred compensation account in the County’s payroll system. 4. If Participant is not utilizing the County’s payroll system, he or she will have to enter plan elections, terminations terminations, and changes to a participants Participant employee’s deferred compensation account in to his or her own payroll systemsystem and make the appropriate deductions from each employee paycheck. The Participant shall be responsible complying with the County’s policies and procedures for making and accounting for his or her employee’s participation in the 457 Plan.