The savings and earnings on the investments are not subject to taxes until they are withdrawn from the Plan, usually at retirement, when most people will not have as much taxable income. Funds may be withdrawn at separation of service, or for financial hardship without tax penalty regardless of your age at the time. The CCAO Deferred Compensation Program was established in 1985 to serve the needs of county employees in preparing for retirement. The Plan has been adopted in over 84 counties where more than 16,500 county officials and employees defer additional money to supplement their retirement. The Plan is overseen by a committee of county officials who recognize the needs of their employees.
Emphasis is placed on service to the individual to help achieve a comfortable secure retirement.
CCAO has selected Great West to administer and market this plan. If you are a participant on the plan click here access your account.