Deferred Compensation

The Deferred Compensation Plan also known as a 457(b) is a voluntary retirement savings plan offered by the County to enable employees to save for their future on a tax deferred basis. If you participate in the deferred compensation plan, you contribute biweekly payroll deductions to a retirement account. That money and any earnings you accumulate are not taxed until you withdraw them. The County's Deferred Compensation Plan is established and administered pursuant to Section 457 of the Internal Revenue Code (IRC). Contributions are limited to an annual maximum dollar amount, as established under the IRC. Benefits of participating in a deferred compensation plan include:

  • Your contributions and any earnings to a 457(b) plan are tax-deferred
  • Easy and automatic payroll deductions
  • Change your contribution amount or investment mix at any time
  • Low cost fees
  • You may be eligible for a loan at competitive rates from your 457(b)
  • Roth after tax contributions are also available to allow for a tax-free retirement income


The Deferred Compensation Plan is sponsored by SLO Pension Trust and the record keeper and provider of investment options is Nationwide Retirement Solutions.  


Visit the Nationwide Forms webpage for the Deferred Compensation Form.


Contact Information


Phone: (877) 677-3678


Nationwide representatives assigned to San Luis Obispo County:

Loren Farfan



Nationwide’s Interactive Retirement Planner Tool

Nationwide’s Help Choosing Investment Funds Tool


What is a 457?
Nationwide Continuation as Deferred Compensation Plan Provider