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- Can I purchase PERS service credits with my 457 or 401(a) dollars?
- Can I take a loan from my 457 or my 401(a) plan?
- How is the performance of the offered investment options evaluated?
- What are the enrollment periods for the 457 and 401(a) plans?
- What are the participation rates for the 457 and 401(a) plans?
- What are the responsibilities of the Deferred Compensation Committee?
- What is a Roth 457 plan?
- What is the authority of the Washoe County Deferred Compensation Committee?
- What is the minimum contribution required for participation in the plans?
- Where can I get more information and education on saving for my retirement?
- Why does Washoe County have only one provider for the Deferred Compensation plans?
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What is the minimum contribution required for participation in the plans?
Participants in the 457 Plan can start your retirement savings with as little as $10 or 1% per pay period, so starting sooner rather than later is easy. You can start or stop your contributions to the 457 at any time. Participants electing to participate in the 401(a) Plan may select a minimum contribution amount of 2.5%. 401(a) enrollment and contribution elections are irrevocable.