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Employees have new retirement option

Effective immediately, public employees participating in the 457 Nationwide Retirement Solution (NRS) plan (also known as PEBSCO or deferred comp) can designate the percentage of their pay that is set aside for retirement.

Participants can indicate on the NRS enrollment form whether they would like the deduction amount to be a percentage of their salary or a fixed dollar amount, according to Human Resource Services.

Currently, employees are required to work with NRS to make those payroll changes. However, starting with the Oct. 7 pay date, employees may set up and/or change their deductions through Human Resources or their district business office.

Plan overviews and enrollment forms are available from Human Resources or the district business offices. For more plan information, please contact the Deferred Compensation Program at 342-8657.