An optional, supplemental retirement savings plan for all working state and university employees. Local government and school district employees may also use the WDC if their employers offer it. The WDC is an Internal Revenue Code Section 457 deferred compensation plan. A 457 deferred compensation plan allows a member to save money directly from his or her paycheck for retirement, and offers tax benefits and different investment options. The plan has a bit more flexibility than similar plans like those offered through IRC sections 401(k) or 403(b). The value of a WDC account is based on how much money is put into the account and how much money investments make over time.
See the Wisconsin Deferred Compensation Program page for more information.