Deferred Compensation

A Retirement Savings Option for Educators

Deferred compensation accounts are available to employees of participating school districts.

Benefits include:

Pre-tax dollars are set aside for retirement years
Your current taxable income is reduced
Income tax is paid as amounts are withdrawn
Accounts are safely insured by the NCUA

Funds in deferred compensation share savings accounts may be rolled into certificate accounts, which are available in 1, 2, 3, 4, and 5 year terms. Longer terms pay higher rates of return. Certificates require a low $500 minimum balance. rates

Multiple retirement account types are available to savers, and may be used in combination with each other. Each account type offers certain tax advantages, which vary according to income and eligibility. Maximum contributions are regulated by federal law and may vary based on your income and the types of accounts you select. Your tax professional is the best source of information about your individual situation.

Savings are insured to at least $250,000 and backed by the full faith and credit of the U.S. Government: National Credit Union Administration, a U.S. government agency.

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