457 Deferred Compensation Plan
The MetroMax 457 Deferred Compensation Plan allows you to invest your Metro pay specifically for your retirement. You decide whether or not you want to participate, how much to contribute through payroll deductions, and what funds to invest in. While the plan provider can help inform you about your options, ultimately, you're the one in control. If you like, you can make changes at anytime. You can also stop and restart your MetroMax contributions at anytime. If you stop, the amount you have accumulated will stay invested.
| FAST FACTS about Your Deferred Compensation Benefits | |
|---|---|
| Purpose | Personal retirement savings to supplement Metro service pension and Social Security. |
| Advantages | » Contributions and earnings not taxed until you withdraw them » Convenient, regular payroll deductions » Tax credit available |
| Eligibility | All full-time Metro employees. |
| Participation | Optional. You may enroll in, and begin making contributions to, the plan at anytime. |
| Contributions | 100% employee paid. |
| Investment Options | Choose from a number of mutual funds or other plans to fit your retirement saving goals. |