A 457(b) deferred compensation plan, which is like a 401(k) for public service employees, can help supplement your pension. It’s specifically designed for those who work for the state or local government, has the flexibility to adjust as your needs change and can help you turn your salary into a more comfortable retirement.

Your pension and 457(b) plan work together

How can a 457(b) deferred compensation plan help you save?

  • Every dollar counts – Start saving whatever amount works for you, start or stop, decrease or increase your contributions up to the federal maximum, at any time.
  • It’s automatic – You pay yourself first, because your savings are deducted right from your paycheck.
  • It’s flexible – Select the investments you’re most comfortable with – and change them when you want.
  • You won’t pay taxes while you’re saving – Your contributions into the 457(b) plan are deducted from your salary before income taxes, meaning that taxes are deferred until you withdraw the money from your account, which is typically when you’re retired and often in a lower tax bracket. That means all of your earnings stay invested, letting your money grow faster than it would in a taxable account.

Are you saving enough?

Our retirement calculator can help you estimate how much you should save and how much retirement income you could potentially have. Answer four quick questions to find out if you’re saving enough.

Employees in the public sector trust AXA

We know public service employees have unique needs. You spend your time making our communities better every day. We want to help you make your retirement better too.

Since 1859, AXA has helped people build and secure their financial futures. Our 457(b) plan is designed to meet the specific needs of public service professionals. That’s just one reason why we are the #1 choice for educators in K-12 schools1 and a top choice for many other public service employees across the country.

AXA group is in 64 countries serving more than 105 million customers worldwide2. We’ve won the DALBAR Service Award for outstanding customer service seven years in a row3 (2011-2017), and have been ranked the #1 global insurance brand in the world for nine consecutive years.4

Rated 5 out of 5 by from Sufficient service The company was very helpful and what did I wanted to do
Date published: 2019-08-18
Rated 5 out of 5 by from Password assistance The AXA representative was very congenial and helpful.
Date published: 2019-08-18
Rated 2 out of 5 by from Worried I had a really good advisors who passed away. The young man who took over initially seemed to know what he was doing and I put my trust in him. He cancelled on our first meeting, however because of car trouble. Since then he has not followed through on anything in a timely fashion. He does not respond to emails and/or send documents when requested. He blamed his secretary, being out of town, an accident, and everything else except himself. He promised me a DocuSign yesterday for a withdraw I requested a month ago. I did not get it. I emailed today and did not yet get a reply. As soon as this transaction is complete I will be requesting someone else. I am worried about my investments and his competence.
Date published: 2019-08-17
Rated 1 out of 5 by from My application was never processed.. I submitted my application back in June and it was never processed. No one ever contacted me to talk about my policy.
Date published: 2019-08-17
Rated 3 out of 5 by from Helpful for first timers The initial meeting and set up for payroll deductions was very informative and helpful. However, even though the date was set for when deductions would begin, the deductions actually started coming out earlier which put me in a bind. The deductions were supposed to start after I started my promotion and received a raise, because it came out earlier than agreed upon, I had to go to my savings to cover monthly expenses.
Date published: 2019-08-16
Rated 5 out of 5 by from Helpful, efficient, and quick! The advisor I spoke with on the phone was efficient, extremely knowledgeable, friendly, and quick!
Date published: 2019-08-16
Rated 4 out of 5 by from So far, so good.. I have just begun working with AXA. So far they’ve been pretty efficient.
Date published: 2019-08-16
Rated 5 out of 5 by from Extremely Helpful Customer service provided me with everything that I need to complete my request
Date published: 2019-08-15
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As of 02/28/2017 Customers’ ratings and reviews reflect individual opinions and are not intended as indications of suitability or as predictions of any product/investment performance and should not be relied upon as bases for any purchase decision. 

1 LIMRA, Not-For-Profit Survey, Q4 2017 results based on 403(b) participants and contributions. 

2 As of December 31, 2017, AXA Group Fact Sheet

3 Source: http://www.dalbar.com/Awards/ServiceAwardWinners

4 Interbrand, 2009–2017, AXA press release, September 25, 2017.

This discussion is not intended as legal or tax advice. Accordingly, any advice provided herein is not intended or written to be used, and cannot be used, by any taxpayer for the purpose of avoiding penalties that may be imposed on the taxpayer. Such advice was written to support the promotion or marketing of the transaction(s) or matter(s) addressed, and you should seek advice based on your particular circumstances from an independent tax advisor. 

Variable annuities and mutual funds are offered by prospectus, which contains more complete information, including investment objectives, risks, charges, and expenses, and which can be made available from your Financial Professional of the company. Please read the prospectus carefully before you invest or send any money.  

An annuity contract used to fund this qualified employer-sponsored retirement arrangement should be purchased for its features and benefits other than tax deferral. For such cases, tax deferral is not an additional benefit of the annuity. You may also want to consider the relative features, benefits and costs of this annuity with any other investment that you may have in connection with your retirement plan or arrangement. 

AXA believes that education is a key step toward addressing your financial goals, and we've designed this discussion to serve simply as an informational and educational resource; it does not offer or constitute investment advice and makes no direct or indirect recommendation of any particular product or of the appropriateness of any particular investment-related option. Your needs, goals, and circumstances are unique, and they require the individualized attention of your financial professional. But for now, take some time just to learn more. 

Annuities issued by AXA Equitable Life Insurance Company (NY, NY) and co-distributed by affiliates AXA Advisors, LLC and AXA Distributors, LLC, New York, NY 10104.  The investments in this program are subject to investment risks, including possible loss of the principal invested.  They are not insured by the Federal Deposit Insurance Corporation nor are they deposits to, obligations of, or guaranteed by any bank. 

AXA Equitable Life Insurance Company (AXA Equitable), AXA Advisors, LLC (member FINRA, SIPC) and AXA Distributors, LLC (member FINRA, SIPC) are affiliated companies, located at 1290 Avenue of the Americas, New York, NY 10104, (212) 554-1234. AXA Equitable and its affiliates do not provide tax, accounting or legal advice or services. 

“AXA” is the brand name of AXA Equitable Financial Services, LLC and its family of companies, including AXA Equitable Life Insurance Company, AXA Advisors, LLC, and AXA Distributors, LLC. AXA S.A. is a French holding company for a group of international insurance and financial services companies, including AXA Equitable Financial Services, LLC. The obligations of AXA Equitable Life Insurance Company are backed solely by its claims-paying ability.

 

GE-122831 (02/2017)

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