How can I automatically increase my contribution rate in the 457 Deferred Compensation Plan?
You can easily increase your contribution rate by choosing the Automatic Escalator Program on the BART 457 Deferred Compensation Plan Amount of Deferral Change Form. Here is how it works – in July of each year, BART will automatically increase your contribution rate by 1% of your current salary. To get started, you need to complete the form and then return it to the BART Benefits Office at 300 Lakeside Drive, 20th Floor, Oakland, CA 94612. Alternatively, you can fax the completed form to (510) 464-7618.
