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Overview
- The Portability Enhancement Provision (PEP) allows you to “vest” in the monthly employer contributions to the Defined Benefit Plan (excluding Judges and Highway Patrol plans).
- How do you get started? First, start saving in the 457 Deferred Compensation Plan. If your employer has an approved Other 457/403b plan, this may qualify for vesting purposes.
- In one simple step, you have a twofold benefit for retirement savings
- your own 457 Deferred Compensation account and
- your NDPERS Defined Benefit Plan account balance accumulates with additional employer contributions.
- The vesting schedule for PEP contributions is based upon your existing service credit in the retirement program and the amount you defer into an approved 457 Deferred Compensation Program.
- If you do not participate in a 457 Deferred Compensation, you forfeit vesting in the employer contributions.
To enroll
- Log into your PERSLink Member Self Service (MSS)
- Enrollment/Change Form SFN 3803 (Companion Plan or Other Providers)