The Deferred Compensation Plan (the "Plan") is an investment vehicle established under Internal Revenue Code Section 457, effective September 1, 1986. All County employees and elected officials may participate in the Plan. The Plan enables employees, who elect to participate, to contribute a portion of their salary, on a tax deferred basis, to the Plan for investment in insurance company contracts, universal annuities and mutual fund investment options.
The Deferred Compensation Board (the "Board") oversees the plan's structure, administration, investment options and costs. The Board meets regularly to review these issues. There are representatives from each of the bargaining units (unions), as well as appointees of the County Executive. The current Board and staff members are:
| Non-Voting Board Members | |
|---|---|
| Carlson, Helen | Legislative Budget Review |
| Blanco, Sergio | Appointed by County Executive |
| Counsel to the Board | ||
|---|---|---|
| County Attorney Rep (serves as counsel to the Board) | Legal Issues | |
Every Plan participant may request general information about the Plan. Please contact your respective representative for general information.
Prudential Retirement is the Nassau County Deferred Compensation Plan Provider. Should you have any questions, please contact them directly. The local office is at 530 Rexcorp Plaza, 5th floor West Tower, Uniondale, NY 11556. Prudential Retirement Participant Service Center: (877) PRU-2100. You can access and manage your account online at: www.prudential.com/nassaucounty.
