What is the three year “Catch-Up” provision?
This provision allows you the opportunity to make additional contributions to your deferred compensation account to make up for years you did not contribute the maximum amount. You are required to use the provision beginning three years prior to your declared retirement age, and may not start in the year you are retiring. Forms can be obtained from the Benefits Division. Benefits Staff will verify your eligibility to participate in the plan and the amount that you will be allowed to contribute.
