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:

2020: $19,500 per year ($26,000 if you’re 50 or older)

For plan details, see the Deferred Compensation Plan Document.

Enroll

Designate Beneficiaries

Hardships

Leave Contribution Form

Purchase of Service Credits from DRS

Qualified Domestic Relations Order

Rollovers

Three-year Catch-up Plan

Education Sessions

To learn more, check out the Deferred Compensation Plan education sessions, offered to all employees:

Education schedule

R egister for in-person sessions

Test a WebEx meeting on your device.

Contacts

For plan details, tools, and resources: T. Rowe Price or 888-457-5770

For enrollment information: King County Deferred Compensation Coordinator, Osceola (O.C) Collier, 206-263-9250,
or KC Deferred Comp

Deferred Compensation Board

Agendas and Minutes

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.

Agenda and location

Board meeting minutes July 2020

Board meeting minutes June 2020

Board meeting minutes April 2020

Board meeting minutes Feb. 2020

Board meeting minutes Jan. 2020

Board meeting minutes Nov. 2019

Board meeting minutes Oct. 2019

Board meeting minutes Aug. 2019