The following optional retirement plans are available to all employees who are interested in setting aside additional funds towards retirement.

457 Deferred Compensation Plan - The 457 Deferred Compensation plan, managed by ING, is a voluntary retirement plan that an employee may participate in to invest additional income towards retirement. Up to the maximum allowable amount determined by the IRS, the employee has the option to decide how much of their income they would like to defer into this retirement plan. Once enrolled, the employee’s paycheck will be reduced by that chosen amount (pre-tax) and funds are deposited into the ING account. Enrollment must be completed with an ING representative, not through PeopleSoft. Learn More

403(b) Tax Shelter Annuity Plan – The 403(b) TSA retirement plans are voluntary retirement plans that employees may participate in to invest additional income towards retirement. DCPS offers 403(b) investment options through seven approved vendors. Additional information regarding the vendors can be found via the link below. Up to the maximum allowable amount determined by the IRS , the employee has the option to decide how much of their income they would like to defer into this retirement plan. Once enrolled, the employee’s paycheck will be reduced by that chosen amount (pre-tax) and funds are then deposited into the account managed by the chosen vendor. Learn more