Deferred Compensation is a non-qualified retirement plan offered to school employees. Identified by the Internal Revenue Service, section 457 of the Internal Revenue Code, the plan allows you to deposit a part of your salary into a tax-sheltered Deferred Compensation account each pay period through a payroll deduction. You don't pay income tax on the amount you contribute, or on any subsequent dividends earned, until the funds are distributed to you.

Non-federally insured investment options are available through CU SoCal's investment services department.

The DCP program is limited to employees in the following participating school districts:
East Whittier City School District
El Rancho Unified School District
Lowell Joint School District
Little Lake School District
Los Nietos School District
Rio Hondo College
Whittier City Schools District
Whittier Union High School District

If you'd like to learn more about how your school district can participate in CU SoCal's DCP program, contact Member Services at 562.698.8326.

Features

• Federally-insured fixed rate certificates based on rate schedule
• Deposits must be made through ACH deposit

Requirements

• $10 minimum deposit (made through electronic direct deposit/payroll deduction)
• No withdrawals allowed