457(b) Deferred Compensation Plan

PLAN INFORMATION
The Pennsylvania State University offers this plan as part of workplace benefits. Now is a great time to understand what is offered - think about taking advantage of any opportunities to save and invest for the future. 
Learn what plans allow eligible employees to do.
All employees are eligible to make tax-deferred contributions to the Penn State 457(b) Deferred Compensation Plan. You may begin making voluntary contributions from your paycheck at any time during the year. You also may change or stop your voluntary contributions at any time. Contributions to this plan are in addition to and separate from contributions that are made to your Penn State Alternate Retirement Plan. No additional University contributions are made to the Penn State 457(b) Deferred Compensation Plan.
 
IRS regulations required employers to restate their Plan Documents in 2020, which Penn State has done. To aid participants in understanding the features and rules associated with the various Penn State Retirement Plans, Summary Plan Descriptions have been created. The Penn State 457(b) Deferred Compensation Plan Summary Plan Description can be found under the Plan Forms & Resources section below.
You can invest into this plan right away.
Contributions to this account will be 100% vested immediately.
EXPLORE OPTIONS
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Learn which mutual funds and other investments are available

You can enroll now
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Enroll or make changes in your plan(s) today

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