Deferred Compensation Plan

Vantage Credit Union’s Deferred Compensation Plan (DCP) is a federally-insured, tax-deferred savings plan that enables you to set aside a portion of your paycheck each pay period for retirement.

Who is eligible?

• Employees of participating school districts
• Employees of participating companies

What separates our plan from annuity options?
1. Safety and Convenience

• Your account is federally insured up to $250,000 (currently through December 31, 2009)
• The current rate is paid on ALL funds in the account, not just the dollar amount deposited during that rate period
• Friendly, local Vantage representatives are available to answer your questions (unlike annuities where you usually have to call someone out-of-state for help)

2. No market exposure or investment risk

• You elect a guaranteed rate
• Please call for the current rate on fixed- and variable-rate options

3. Flexible withdrawal schedules

• “Annuity factors” aren't used to determine your withdrawal payments
• Account balance continues to earn interest throughout your withdrawal period
• Flexibility to change withdrawal options to meet your retirement needs

Reduce your taxable income

• Deposits are tax-deferred allowing you to reduce your taxable income while saving for retirement
• Deposit a portion of your paycheck pursuant to IRS Code Section 457 (e)(15)
• Special “catch up” provision allows additional deposits during each of your last three years before retirement
  

Get started today!
Check with your school district or employer to see if they offer Vantage Credit Union’s Deferred Compensation Plan as an employee benefit. If so, call Vantage today at 314.264.5350 or 800.522.6009 to receive more information about DCP investment options, current rates and account disclosures.