457 Deferred Compensation Plan
In addition to pension benefits, WRS administers a 457 Deferred Compensation Plan. An employer’s participation in the plan allows employees to voluntarily contribute a portion of their salaries to a tax-advantaged supplemental retirement savings plan.
Please refer employees with retirement benefit questions to WRS and consider scheduling retirement educational activities at least once a year. WRS provides a range of in-person educational seminars and one-on-one counseling about retirement saving and investment issues.
Gen Xers Retirement View
Gen Xers have worse view of retirement prospects than baby boomers or millennials