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The Suffolk County Public Employees Deferred Compensation Plan is a voluntary supplemental government 457 (b) savings program that provides quality investment options to help county employees achieve their retirement goals. The Suffolk County Public Employees Deferred Compensation Board provides prudent oversight of the program for the benefit of plan participants and their beneficiaries. 
2008 is a leap year that includes 27 pay periods
(one additional pay period from 2007) Click
the link for the 2008 payroll schedule.
Deferral,
catch-up limits for 2008 unchanged from 2007! Government
457(b) plan deferral limits for 2008 have been announced by
the Internal Revenue Service and remain unchanged from 2007
limits. The
Deferral limits for 2009 will be announced in late October 2008.
Deferring
from Accruals (SCAT) Check: Any
County employees who would like to defer from their vacation and
sick time accruals in their SCAT check must be an active member
of the Deferred Compensation Plan for at least six months.
Participants who want to defer from their SCAT check,
must submit a Balance
of Normal and Age 50 + Deferrals from Accruals (SCAT) Check application
(available in FORMS link above) before the first of the
month that you are severing your employment with Early
Retirement Incentive: As stated above, deferrals can be made from vacation and sick time accruals. Anyone separating from service in July 2008 must submit the application referenced above by June 30, 2008. A determination was made that deferred compensation contributions cannot be taken from the early retirement incentive checks issued upon severance from County service. In addition, a determination has been made that deferred compensation contributions cannot be taken from lag tim
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