3357:12-16-14-Ohio Public Employees Deferred Compensation

1. POLICY

 

The Ohio Public Employees Deferred Compensation Program is a supplemental 457(b) retirement plan for all Ohio public employees.

1. POLICY GUIDELINES

 

This benefit is available to any public employee who is eligible for membership in one of the State’s statutory retirement systems. The program provides participants with educational tools, a diverse set of investment options, flexible savings and withdrawal options, and portability within the public sector. This benefit is 100 percent employee paid through payroll deduction.

 

1. POLICY HISTORY

 

• For additional information, please refer to prior versions of the College Handbook
• Policy approved by President’s Cabinet April 2017
• Policy reviewed by the Human Resource Advisory Council October 2020; no changes recommended

 

1. INITIATING DIVISION

 

Office of Human Resources

 

1. POLICY REVIEWERS

Office of Human Resources Human Resource Advisory Council

 

 

1. POLICY REFERENCES

 

1. See Office of Human Resources for benefit information
2. IRC 457(b) Deferred Compensation Plans

No connecting policies