Deferred Compensation Plan 457(b)
You can start saving for your financial future from the first day of employment with Prince George’s County through the County’s Deferred Compensation 457(b) Plan.
In accordance with provisions of Section 457 of the Internal Revenue Service Code, Prince George's County has established a Deferred Compensation Program for employees in a permanent status to save money for retirement. This program provides employees with the ability to save more for retirement by electing a pre-tax and/or Roth contribution options.
Questions about this plan may be directed to PGCDeferredComp@co.pg.md.us.
Contribution Limits - 2024
- Normal Contribution - $25,000
- Age 50 and Over Catch-up - $31,000
- Employees who are or will be at least 50 years of age, at any time during the calendar year, are eligible to defer up to $31,000.
- Age 60-63 Catch-up – $34,750
- Employees who between 60 to 63 years of age, are eligible to defer up to $34,750. At age 64 they will revert to the Age 50 and over Catch-up.
- Pre-Retirement Catch-up - $47,000
- An application must be completed along with the worksheet to determine the total catch-up amount. Only employees who are within 3 years of their normal retirement age may defer up to the Pre-Retirement Catch-up contribution limit. Please contact PGCDeferredComp@co.pg.md.us to obtain the application.
Enrollment
All permanent employees can enroll in the plan at any time and manage their contribution changes directly through the Empower website: empower.com/pgcounty
View detailed instructions for the steps outlined below.
Step 1: Go to empower.com/pgcounty, then select Register.
Step 2: Choose the I do not have a PIN tab.
Step 3: Follow the prompts to create your username and password.
Step 4: Select Customize enrollment to choose your enrollment options and click on Get Started to begin your enrollment.
Contribution Changes
All contribution changes are completed directly through Empower:
Online: Log in to your account via Empower's website
Mobile App: Empower’s mobile app (available for IOS and Android)
Phone: Empower’s Participant Account Services line at 877-301-4571
Refer to the 2024 Contribution Changes Timeline to see when these updates will take effect on your paycheck.
Program Service Provider
Participant Services
1 (877) 301-4571
Monday - Friday (8 a.m. - 10 p.m. ET)
Saturdays (9 a.m. - 5:30 p.m. ET)
Empower Plan Representatives
Schedule an appointment with a plan representative
Bryant Mayes III | CRPC®
Retirement Plan Advisor
(410) 218-6598
bryant.mayes@empower.com
Catherine Pfeilsticker | CRPC®, CRC®, ChFC®
Retirement Plan Advisor
(540) 907-2045
catherine.pfeilsticker@empower.com
Joe Walsh | CRPC®
Retirement Plan Advisor
(443) 972-3230
joseph.walsh@empower.com