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WV457

Building A Bridge To Your Future    


Overview

West Virginia Retirement Plus is a supplemental retirement plan designed to provide an extra savings alternative for all state, county, city and other political subdivision employees. This retirement program is similar to a 401(k) plan in structure except that it is designed to supplement a participant's primary retirement plan.

Employee contributions to the Plan are managed via convenient payroll deductions. There are a variety of quality investment options including one stable value fund and twenty five mutual funds representing various asset classes. Learn more here: Plan Summary.

Additionally, State Government employees are eligible for a limited contribution matching program. Contact one of our ING representatives or click on the Contribution Matching Program link below for more information.


More Information:

  

 






The IRS imposes timing limits on the receipt of benefits under the Plan. You may withdraw funds from the Plan upon the following circumstances:
  • Severance from employment (including retirement, permanent disability or death)
  • Attainment of age 70 ½
  • A qualifying unforeseeable emergency (as defined by IRS Code Section 457)
  • Small balance distribution – A "onetime" election to receive an account balance distribution
Learn More.