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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 schools** and a top choice for many other public service employees across the country.

Rated 5 out of 5 by from Scott is the Best Scott is so knowledgeable and helpful with his insight into the different options available for future planning. Every year I meet with Scott and every year I walk away knowing that my future is in great hands.
Date published: 2017-06-25
Rated 5 out of 5 by from Helpful and insightful service The young lady I spoke to from New York was very helpful once she understood my question. I learned what the term "net" meant if I were to withdraw money from my account. I thanked several times before for this was not explained to me before.
Date published: 2017-06-23
Rated 5 out of 5 by from Helpful I always get a quick and friendly response to my inquiries
Date published: 2017-06-23
Rated 3 out of 5 by from Customer Service/Tech Support Lacking My actual advisor is great and very helpful. I've been trying to gain access to both of my accounts online, however, and that still has not been resolved. Tech support has said it would be fixed, but it hasn't.
Date published: 2017-06-22
Rated 5 out of 5 by from Easy to communicate with. Met my needs and offered helpful suggestions. Answered my questions without hesitation.
Date published: 2017-06-22
Rated 5 out of 5 by from Very helpful Very helpful on the transaction and answered all questions necessary for this process.
Date published: 2017-06-22
Rated 4 out of 5 by from First Year Everyone I have worked with has been super helpful and always willing to explain if I don't get what we're talking about. This is great for me because I have very little knowledge about investing, I just know I need to do it for retirement.
Date published: 2017-06-22
Rated 3 out of 5 by from AXA Representatives Provide Convenient Service I appreciated that AXA representatives came to my work place to discuss changes in my retirement fund. They answered my questions about how much I can contribute, and showed me how to update contributions myself.
Date published: 2017-06-22
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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. 

** LIMRA, Not-For-Profit Survey, Q2 2016 results based on 403(b) participants and contributions. 

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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