457(b) Deferred Comp Plan
The University of Alabama System provides a choice of 457(b) plans that allow eligible employees to defer receipt of a portion of their salary until some later date, usually at retirement or termination of employment. Contributions are made on a pretax basis and accumulate tax-free until withdrawal. Contributions to 457(b) plans may be made instead of, or in addition to, any 403(b) contributions.
Eligible employees may participate in both 403(b) and 457(b) plans in the same year, contributing up to the maximum amounts allowed by federal law to each plan.
For enrollment please contact Human Resources.
Current Available plans:
Retirement System of Alabama RSA-1
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