Southeastern welcomes students back for the start of classes this week while we continue to keep all faculty, staff and students who are not yet able to make it to campus in our thoughts as the region works to recover from devastating flooding.
 
We attempted to reach ALL our students in recent days, but we realize communication has been difficult, if not impossible for some. If you are just now able to see this message, please contact enrollmentservices@southeastern.edu so we can have a better understanding of your status and work with you so you can attain your educational goals.

FLOOD RECOVERY FAQs

457 Deferred Compensation Plan



The Deferred Compensation Plan is a Section 457 Retirement Program, commonly referred to a supplemental retirement annuity. This plan provides employees with the opportunity to invest money on a before tax basis, using payroll deduction. Because your taxable income is reduced, you can invest money and defer taxes. The before tax aspect is what makes Deferred Compensation Plans very attractive. Participants defer federal and state income tax on their contributions. In addition, interest or earnings on your account accumulates tax-deferred. No taxes are paid on the account until you begin withdrawing funds. You may join the plan with as little at $10 per pay period. You can contribute the lesser of $17,000 or 100% of compensation per calendar year. Great West Life and Annuity Insurance Company is the plan administrator for Louisiana Public Employees Deferred Compensation Plan.

For more information about Louisiana Public Employees Deferred Compensation Plan, please contact C. David Arriaza (225) 663-5502.

EGTRRA (Economic Growth and Tax Relief Reconciliation Act) of 2002 allows for the following contribution limits on tax-deferred annuities for 2015: $18,000.00 per year, plus an additional $6000.00 for participants if they will be over age 50 by the end of the calendar year of those older than 50. An additional catch-up provision may also be available for employees with 15 years of service at the university.


Call (985)549-2057 for more information.