Deferred Compensation

Are You Ready for Retirement?

Saving for retirement begins with your vision for the future. Picture the life you want to live when you retire. Think about how young you’ll be, what you plan to do and how you’ll live.

Ask yourself:
  • Do you plan to retire from full-time employment as soon as possible, or wait until you’re fully eligible for Social Security?
  • What’s it going to take to maintain the lifestyle you want in retirement?
  • Do you plan to travel more—whether that means exotic vacations or extended visits to friends or family out of state?
  • What if your health takes a turn, since medical expenses increase as we age?

If your answers to yourself mean you need additional help preparing for retirement, St. Johns County Board of County Commissioners provides a Deferred Compensation 457(b) Plan for employees through Lincoln Financial. A deferred compensation plan allows you to place income into a retirement account where it sits untaxed until you withdraw the funds.

Start Saving For Retirement

Submit the Enrollment Form to Lincoln Financial to open your retirement account.

Submit the Salary Reduction Agreement to County payroll to start contributing to your account.

Once you are enrolled, visit Lincoln Financial to view your account activity, name a beneficiary and take advantage of online planning tools and calculators.

Employee Benefit Limits

Check out Employee Benefit Limits for more information on your deferred compensation account limits, such as maximum salary deferral and age 50 catch-up contributions through 2021.

Deferred Compensation Questions?

Have questions about your account, loans, or distributions? Call the Lincoln Financial Customer Contact Center any business day, from 8:00 a.m. to 8:00 p.m. Eastern Standard Time at 800-234-3500.

It’s important to assess what you’ve saved, the rate at which you’re currently saving, and how much more you need to meet your goals. But first, you’ll want to put in some time to figure out those targets, based on your desired lifestyle. To help you make decisions we also have a Senior Retirement Consultant with Lincoln Financial - Madalys Rosario, CRPC. Madalys is highly trained, experienced, committed to providing support through every step of the retirement planning process and can be reached at: or 407-371-1514.