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457 Deferred Compensation (DCP) Tax Sheltered Accounts
If you are employed by one of the following you may be eligible to participate. Select your employer to download the enrollment packet. Each enrollment packet includes all necessary documents to open your account. The forms are PDF files and require
Public School Districts in Florida:
- Select a Public School District -
- Select a College -
Hillsborough Community College
Manatee Community College
Pasco-Hernando Community College
Other Employee Groups:
- Select an Employee Group -
Collier Mosquito Control District
Marco Island Mosquito Control District
North Naples Fire Department
Please complete, sign and mail, fax or return all forms to:
Suncoast Schools Federal Credit Union
Mail Code: RET001
P.O. Box 11904
Tampa, FL. 33680
or return forms to one of our
A 457 Deferred Compensation Plan (DCP) account is a special retirement savings program for a select group of individuals who are employed by:
a public school district
certain state and local governmental agencies
Contributions are deducted pre-tax from your paycheck.
Dividends accrue tax-deferred.
Contribution Limits for 2013
100% of your gross income or $17,500 whichever is less.
Age 50 or older can contribute an additional $5,500.
Minimum contribution $25/per pay period.
Funds insured separately up to $250,000 by NCUA, an agency of the federal government.
No fees are charged to create, maintain, or manage this account.
A 457 plan can be one of your best tools for creating a secure retirement.
Use this calculator to see why this is a retirement savings plan you cannot afford to pass up!
Retirement Contribution Effects On Your Paycheck
Minimum to Open:
$0.00 and greater
has a minimum to open of
. The dividends are compounded
Effective as of: 10/22/2013. Rates are variable and may change after the account is opened.
TERMS AND CONDITIONS MAY CHANGE WITHOUT NOTICE
*APY = Annual Percentage Yield
Fees may reduce the earnings on accounts.
Equal Housing Lender
, Your Savings Federally Insured to at least $250,000 & backed by the full faith & credit of the U.S. Government
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