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 4 out of 5 by from Easy Money My satisfaction in making my dollars work gives me satisfaction. I like being able to contact my trip and his quick response time. My questions are always answered and I feel I am a valued client.
Date published: 2017-09-23
Rated 5 out of 5 by from Very responsive AXA made my transaction easy and timely. Representative was very helpful.
Date published: 2017-09-23
Rated 5 out of 5 by from First time AXA member The responsive time is fantastic, my advisor works around my schedule, keeps me informed, and is very patient since I am a first time member and have questions or need clarification.
Date published: 2017-09-23
Rated 2 out of 5 by from Never contacts me when I have requested I've sent several requests to have my advisor contact me but they never have. I have an extremely busy schedule so it's hard for me to track them down. I don't know why requesting to be contacted is an option if it never actually happens.
Date published: 2017-09-21
Rated 5 out of 5 by from Very Helpful My financial professional was very helpful. He was very thorough with the whole process when setting up my account and answered all of my questions. Any further questions I asked in email were quickly answered.
Date published: 2017-09-21
Rated 3 out of 5 by from Helpful Upon Occasion Overall the financial service has been good. Sometimes I don't feel that I am receiving the best information. The financial professional has been vague upon occasion; I don't quite get the impression that this person wants to directly answer my question(s)!
Date published: 2017-09-21
Rated 5 out of 5 by from Patient in explaining procedures and forms Received excellent assistance in filing out forms, explaining my options and never rushed me through the phone call. I felt that they cared for my needs and were very respectful,
Date published: 2017-09-21
Rated 5 out of 5 by from Years of positive experience My advisor is exceptional prvoiding excellent guidance with genuine concern.
Date published: 2017-09-21
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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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