Governmental
Providing Expertise for Your Governmental Retirement Plans
With over 78 years' experience, we can provide support to help government employees save for the present in order to achieve a secure financial future.
Our representatives work with organizations to help your employees achieve retirement readiness through flexible retirement plan designs.
Services we provide
For Your Organization
- An experienced team of specialists to help design cost-effective retirement plans
- A diverse choice of investment funds
- Payroll integration, online enrollment and automated compliance services
Deferred Compensation Plan for Government Employees
With tax-deferred savings potential in addition to tax-advantaged investment potential, the Deferred Compensation Plan offers a variety of features, including special catch-up contributions that allow your employees to contribute more as they near retirement age.* Plans may also permit catch-up provisions for employees who are age 50 and older. Contributions and any earnings are tax-deferred until withdrawal, usually at retirement. Generally, withdrawals are subject to income tax at the ordinary income tax rate at the time of withdrawal.
*Please note that the availability of catch-up contributions is contingent upon the type of plan you have.
Plans Tailored to Fit Your Employees' Needs
Employees can build a portfolio tailored to their individual needs, such as their personal tolerance for risk. There are even options that automatically allocate retirement plan assets based upon participants' intended retirement date.
Choice of Distribution Options
Employees can take a lump sum or choose from several periodic distribution options. We will also keep you informed about any required minimum distribution options that your employees should know about.
Get In Touch
You should consider the investment objectives, risks, and charges and expenses of the investment funds and, if applicable, the variable annuity contract, carefully before investing. This and other information is contained in the funds' prospectuses and summary prospectuses and the contract prospectus or brochure, if applicable, which can be obtained by calling 800.468.3785 or visiting mutualofamerica.com. Read them carefully before investing.
Mutual of America's group and individual retirement products that are variable annuity contracts are suitable for long-term investing, particularly for retirement savings. The value of a variable annuity contract will fluctuate depending on the performance of the Separate Account investment options you choose. Upon redemption, you could receive more or less than the principal amount invested. A variable annuity contract provides no additional tax-deferred treatment of benefits beyond the treatment provided to any qualified retirement plan or IRA by applicable tax law. You should consider a variable annuity contract's other features before making a decision.
What can I help you find on our website?
