§ 12338 District Deferred Compensation Plans

• •School districts can set up special savings plans for their workers.
• •These plans let workers save money from their paychecks for later.
• •The plans must follow rules set by the government.

A teacher wants to save money for retirement.

The school district can offer a plan where part of the teacher's paycheck goes into a savings account. This money grows over time and can be used later when the teacher retires.