Deferred compensation plans are designed for state and municipal workers, as well as employees of some tax-exempt organizations. People who participate in deferred compensation plans can contribute portions of their salary to their retirement account. The money and earnings accumulated don’t get taxed until they are withdrawn.
At Harris & Company Wealth Management, we work with four major municipalities to help provide tax-deferred retirement options for public sector employees. We also help you navigate through the minutia, so you and your employees understand the rules and benefits that’s you’re entitled to.
To learn more about municipal deferred compensation plans, contact us today.