The Town of Wellesley sponsors a 457(b) deferred compensation plan. This plan is designed to provide additional financial security by supplementing your Town of Wellesley pension plan through additional voluntary retirement payroll deductions.
Benefits of the plan include:
Tax deferred earnings growth
Ability to choose from a wide range of mutual fund families
An alternative stability of principal account with minimum interest guarantees
Withdrawal options for retirement, separation of service, hardship, or death
Numerous distribution options are available once a trigging event has occurred, including IRA Rollovers