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Does the Deferred Compensation Plan affect my service retirement benefit from a retirement plan administered by PERS or my Social Security?

April 26, 2017administered affect benefit compensation Deferred Plan retirement retirement plan service social security

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Does the Deferred Compensation Plan affect my service retirement benefit from a retirement plan administered by PERS or my Social Security?

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No. Your contributions and benefits for retirement and Social Security are based on your gross income before your contributions to the Deferred Compensation Plan are deducted. Note: Independent contractors and other employees who do not have Social Security deducted from their income, may be affected differently.