Participants in this plan immediately reduce their tax liability since all money invested into the Plan is sheltered from Federal income taxes.
Participants are eligible to invest a portion of their paycheck in a variety of investment products.
Participants may invest in mutual funds, variable annuities, certificates of deposit, savings accounts or fixed annuities. The State Deferred Compensation Office can provide detailed information regarding Plan options and benefits. Information provided will include performance information on all investment products, as well as a comparison of fees assessed by each company.