457 Deferred Compensation Plan: Retirement Solutions Made Simple

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Roth (After-Tax) Contributions

Overview | Sign Up Now | Roth AnalyzerRoth FAQs PDF icon 

The Roth (After-Tax) Contribution Option

When you sign up to make Roth contributions PDF, you pay taxes now so you can relax and enjoy tax-free withdrawals in retirement, as long as certain requirements are met.

Why make Roth contributions?

  • You pay taxes now and, in most cases, withdraw the contributions and earnings tax free in retirement.
  • Withdrawing tax free might mean you pay less in taxes in retirement, especially if you're in a higher income bracket in retirement.

Roth contributions are...

  • an option offered within your Commonwealth of Virginia 457 Plan, not a separate retirement plan.
  • available to everyone! Unlike Roth IRAs, which have eligibility restrictions and lower annual contribution limits.

When managing your funds, Account Access allows you to:

  • view your Roth, Employee and Rollover sources.
  • select Roth when conducting a single fund transfer.
  • set future allocations to Roth.

Here's a Roth Comparison Chart PDF icon, that demonstrates some key differences between making pre-tax and Roth contributions.

Watch a webinar to take a "Roth Road Trip" and learn more about Roth contributions.

Sign Up Now!

To start making Roth contributions:

  1. Log in to your account.
  2. Select Contributions.
  3. Click Change My Contribution Amount.
  4. Under Type, in the Roth field, enter the amount you would like to contribute on an after-tax basis per paycheck.
  5. Click Next, then Submit.
  6. You'll receive a confirmation number, as well as confirmation via e-Delivery or mail.

Roth Analyzer

Use this online tool to help you decide if Roth contributions are right for you.

Roth FAQs PDF icon

Here are some frequently asked questions regarding Roth contributions.

Account Access
Defined Contribution Log-in: