The Deferred Compensation Plan (the"DC Plan") is a voluntary savings plan offered by the County to enable employees to save for their future on a tax deferred basis (although a Roth option is also available). Other agencies also participate in the DC Plan - Courts, APCD, LAFCO.
The County's Deferred Compensation Plan is established and administered pursuant to Section 457 of the Internal Revenue Code. SLOCPT assists in the adminstration of the DC Plan, at the request of the County. However, the Plan is separate and distinct to the Plan and benefits offered by SLOCPT. The recordkeeper and provider of investment options for the DC Plan is Nationwide Retirement Solutions.