Deferred Compensation Plan
If you are a benefits-eligible employee, you can choose to participate in King County’s 457(b) Deferred Compensation Plan to assist in your long-term retirement planning. You can elect either pre-tax or after-tax (ROTH) contributions in an array of investment choices from T. Rowe Price.
You decide how much to defer through payroll deduction—up to the specified IRS contribution limits:
- 2019: $19,000 per year ($25,000 if you’re 50 or older)
- 2020: $19,500 per year ($26,000 if you’re 50 or older)
For plan details, see the Deferred Compensation Plan Document.
Deferred Compensation Board
A board of current and retired King County employee representatives oversees the plan with the assistance of an independent financial consultant. The King County Employees Deferred Compensation Board meets on the second Tuesday of the month and all employees and participants are welcome.