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Does my participation in the 457 deferred compensation plan affect my Massport retirement benefit in any way?

April 26, 2017affect benefit compensation Deferred massport participation Plan retirement

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Does my participation in the 457 deferred compensation plan affect my Massport retirement benefit in any way?

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No. Your Massport retirement benefit is separate from and not related to participation in the deferred compensation plan. The 457 plan is an optional savings vehicle, which allows you to supplement your retirement savings on a tax-deferred basis. It is strongly recommended that this plan be considered as an additional savings option by members.