457 Deferred Compensation Plan

 Deferred Compensation Plan Document (DOC - 110k) 
 Deferred Compensation Plan Investment Options (PDF - 50k)
 Commonly Asked Questions & Answers about the Deferred Compensation Plan
 ICMA Retirement Corporation Website

• Defer up to $15,500 or 100% of salary, whichever is less, in 2007
• Pay less tax each pay period because deferrals are not taxed
• Accumulate tax-deferred savings
• Invest in popular mutual funds including bond and money market funds, CDs, and a savings option
• Be eligible for loans of up to 50% of your funds (maximum $50,000) for purchasing a principal residence, paying college tuition and fees, or for unreimbursed medical expenses
• Can begin receiving distributions, with no penalty, immediately after separation

Enjoy these extras:

• A detailed quarterly investment newsletter
• 24-hour personal on-line access to your account, including fund transfers and account statements on-demand
• An interactive internet website at www.icmarc.org
• On-site educational seminars and individual meetings with a deferred compensation representative
• A self-directed brokerage option

The balance of your account will be distributed to your beneficiary. There are detailed rules regarding when and how those distributions can be taken. Your beneficiary can obtain detailed information from the plan administrator regarding the distribution process.