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Deferred Compensation Auto-Enroll for State Employees
If you became a salaried state employee effective January 1, 2008, you will automatically be enrolled in the Commonwealth of Virginia 457 Deferred Compensation Plan.
The 457 Plan automatically defers $20 per pay period from your paycheck along with a $10 employer cash match. Your deferral begins approximately 90 days after your employment date.
For more information about the 457 Plan, including how to opt out if you do not wish to participate, see the 457 Plan page Auto-Enroll for State Employees.
Posted: December 28, 2007
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