Program Open to Public Employees

POSTED BY: Kelly Choate
Monday, September 12, 2011 - 04:35 PM

Ohio public employees will be receiving information about a deferred compensation program.

Account Executive Jason Brown met with the Muskingum County commissioners on Monday to discuss the details of the program.

"It's a program that they can have monies deducted from their payroll to go into retirement for a future date," said Jerry Lavy.  "This is money that's deferred until they are eligible for retirement."

Lavy said there are several different investment options available for the county's 1,040 employees.

"You can go with the high-end, where you have some high risk investments, to low risk, to secure," said Lavy.  "Obviously the secure one is not as high in the percentage of return."

Lavy said employees can expect to see the forms in about two to four weeks.


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