Deferred Compensation (457) Plan
Deferred compensation is a supplemental retirement savings option which is administered by Empower for all Kansas State employees. The annual contribution limits are established by the IRS. Employees who are age 50 or above may qualify for a higher annual limit.
When Eligible: Any employee – benefits-eligible or non-benefits-eligible – may begin participating on the first day of employment.
Who Pays: The employee contributes pre-tax dollars up to the individual maximum. The University makes no contribution to this plan.