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 DEFERRED COMPENSATION
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Introduction
The Alameda County Deferred Compensation Plan is available to employees scheduled to work at least 37.5 hours bi-weekly. Services as needed, Intermittent and Per Diem employees are not eligible to participate. Under the terms of the Plan, employees are allowed to supplement retirement and pension benefits by saving and investing pre-tax dollars through voluntary salary deferral. Contributions can be invested in the available investment options and any contribution or earnings on contributions are not subject to taxes until money is withdrawn. Distributions are usually taken at retirement when many participants are typically receiving less income, and may be in a lower income tax bracket than while working. Distributions are subject to ordinary income tax.
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