Deferred Compensation Plan Washington State

A Deferred Compensation Plan Washington State is a 457(b) retirement savings plan, authorized under Section 457 of the IRS Code, designed for public employees such as state workers, teachers, and local government staff. It allows participants to contribute a portion of their income into a tax-deferred investment account to supplement retirement savings. This form is used for plan enrollment, contribution adjustments, beneficiary updates or submitting a 457 Washington deferred compensation plan withdrawal form.

Eligible employees of Washington State, including those in school districts, municipalities and public agencies, fill out this form to enroll, change contributions or request withdrawals under the 457 Washington deferred compensation plan.

Depending on your agency's process, you can submit this form to your employer’s HR department or directly to Washington State’s deferred compensation plan administrator. Some requests, like a Washington deferred comp emergency withdrawal, may require additional documentation.