Item ;~.6 Presentation of Deferred compensation Plan.
{F'ERSCD) . {Rate Ronds>
Mr^. Pate Ponds addressed the Court on the Deferred
Compensation Plan that this is a long term savings plan for
employees. lYlr. Ponds stated that he wo~_~ld like to increase the
participation in Kerr County employees that are in the
Deferred Compensation F°lan.
COMMISSIONERS' COURT AGENDA REQUEST
PLEASE FURNISH ONE ORIGINAL AND FIVE COPIES OF THIS REQUEST AND DOCUMENTS
TO BE REVIEWED BY THE COURT.
MADE BY: BAT . B~Nn~ OFFICE:
MEETING DATE: ~,,, ~-1~-, 1 ~~-7 TIl~IE PREFERRED:
SUBJECT: (PLEASE BE SPECIFIC)
PRESENTATION OF DEFERRED COMPENSATION PLAN(PEBSCO).
EXECUTIVE SESSION REQUESTED: (PLEASE STATE REASON)
10:00
ESTIMATED LENGTH OF PRESENTATION:
IF PERSONNEL MATTER -NAME OF EMPLOYEE:
NAME OF PERSON ADDRESSING THE COURT:
$ATE BONDS
Time for submitting this request for Court to assure that the matter is posted in accordance with Title 5,
Chapter 551 and 552, Government Code, is as follows:
Meeting scheduled for Mondays:
THIS REQUEST RECEIVED BY:
THIS REQUEST RECEIVED ON:
5:00 P.M. previous Monday.

All Agenda Requests will be screened by the County Judge's Office to determine if adequate information has
been prepared for the Court's formal consideration and action at time of Court Meetings. Your cooperation will
be appreciated and contribute towards you request being addressed at the earliest opportunity. See Agenda
Request Rules Adopted by Commissioners' Court.
BARBARA NEMEC
• KERR COUNTY TREASURER
June 30, 1997
County Judge & Commissioners:
Kerr County has been assigned a new PEBSCQ representative.
Mr. Bate Bonds will be here to introduce himself and to
give us an update on our deferred compensation plan.
This is•a tax deferred plan which county employees may
participate in through payroll deductions.
Sincerely,
Barbara Nemec
Item 2,6 Presetation of
Deferred Compensation Plan.
July 14, 1997
Vol. V page 252
~ygnlar and~~ratch-
including ~ 0 r
htS oral deferrals of exreyd $15,~ ire Yyar
plan $ighll~ ~ ,amounts, Cann ec.ified th
rap during the sP .
titivy variety day Year
_,~ m a romps le to calm ~riod•
s availab t
~ Y°u can uh~`ie fr the option• °`catch-uP l .
narterly statements tha
options. comPyn~tion
of funding JY°u will ryryive 9 red
}~ our defer also 1>e
e j UJ the is of Y lion can
Y°u ~ l o lion Thy ~ ~ t ~ show staff°unt inf°rtna mPensation
~ annuty F d ~ , rat, A - ' Deferred G0 y~73~
Cix Fun t`~~' accou theCR
t
~ Thy ~ Group Fixed {ram -8Qp'
wide` offers a obtain rater a
.~ anish)• q ~Y
Nation Gontrart}' r `~rvice-^„ ~¢Q49~' lip
ie1cL Gnsto~ne -~" _ dov`Ue fUr the hearing
petiremynt lish} °r 1
guaranteed intyryst Y ~ ~ (Eng ' Muniaati°n
t option tThe ~ line f.telec°m vatl`+ble at 1~~~3.
le annm Y d ~' ~ impaired) is a r°gruM a-anY
~ Tby variab Flexible Fun urt ~t ~ tU the F at
widy~ Gr tra consists of a !' ~ ~ '~
Nation ctl _ yt stop lyferrfng ou May start again
yuc G°n fund options• ~,. ~ if y°u reason, Y decrea~
Ryt'rem yrlying ./'~ timy p1' f0`~ any
You ran inrryasy °
nd
variety of u ce option. , a latyr date' tim°.
an t
cash your deferrals at anY
e Msur allows en
1>fi ' 1°Yn'
~ UniverB~ athbyneCit and termina~yymPtnynt
pr°vidys a d ' x deferryd. ~ then y°n retire or number of PaY r for
accumt'late to " from a incom
value t° You ran chi of which provide Y°u
uranre option ' artiyi'
lift' ~ el ing F plans many°nr life.
~ Term death benefit, h P so,,aritY f Y
vial y cyst °
~ provides a Mediate finan th funds when Y°u~
pants build 1 lies. withdraw
for thrir fain ~ Y0" may riling to
ve fees, with- to from srrvirr sew
aTe ad istrati ~ separa for anY reason,
na`n grticipant
n° any agy~
~ There or individual P` or lan, at
drawal charges y •* in tby f'xel the P
each agy 70`ia stolre eiving Y°ur
deferryd sales aharg a
tiona• ~/ haver choosy tobygu`
variable annuity °p risk
ctuarial defrrrals and
ivalynt tO
~ The Duly direct chara~ount eq° alt funds' or cable en7ergenrY~
I ~d daily, i° a° punt balance °n ce an unforese
~ fee a~~or less °f y°ur sic variable ~ yxpyrten y IRS.
! 0.45 on cho°$y the or
sis (if Y as leftnd ray t
annual ba ayably in thy year
annuity °Ption)~ are p n,adr availably to
nclt as 33 y 3%0 of ~ lnc.ome, taa Aunt is Faltl °r
ut asidy as m 25%a of
cane ynsation(normally yeuu°ryo'rbynyficiary.
`~ Y°t` a dollar Maxt.
includable °omP me}, to
s taxable ino
loyyys
Your Bros ear• EMPaxintuM rpntri,
muM of ~Z,Sf><1 Fyr Y .
~~ratrh up" on
who have not deferral thy m
thy Y ~~ havyYleferrel pryvj0usly.
bution over
thyY you °t
andoUDte o lions inns n
B`~
vuranrc P fm.n1PE
d term life in'
~ cuntn`'t your
The universal life m'o therein urrrmti i~te these, {ending
arailabinta ive for tray chon~ t0 ter in them, n cabs charge
rPPr~F nr nm4t0yer the tnonry
,. should y° amt withdraw a~¢ta
rpntracts 1 ngAinst your
tw ash
ma7'
ferret
De
.tipl~'"
~O.~pe
~,he s~,a~t choice
for building
financial
security
~efe~
infortuatton, ~ rv-y8 tenter
For mO~Ron p,~tomer ~
u(,ptn~fl ~~45 ~ is;IR' ~ 12(081961
P-~~0"
-''~ tion
National Associa
e G peferred
Th ' ntie.
of Cp° program
nation
Compe
ndl~~ees Ben fit Syrvlces
I public' hmP (FE~Gt'Ol
'v ..i~
Seett~~ o~ ~ ~~gyrvit~ CAxP°'~ation
Na~~e In
voluntary
omPensatj0n is a
eferred c that allaws
deferred program
tax c emPlOyee to defer mental
ubl' su Pl I
your as a P o a P tfedet•af
our salary ins rren
portion of y b p f°re c~u
ent account Internal
retirem ~ are dedttcted• s this tax_
tincoTrte taxes 457 PrO`~de.
Code Section 1 for public
1{evenue exclusive y
deferred Program
ou boil
d t° help Y
emPlOyees~designe rity.
additianal financial secu
offers y°n retire-
red ensation em t Swings.
Defer came etir . en
not just r to build
ment choices, now,
oStpone taxes
and t0 create a
You cal' P
effectively investments for
Savings morel ortfolio of
well-balance P
y°urself. invest-
nal Savings or
ost eonventj0 ensattOn
Unlike lt' ~ s deferred comp
money management
ment PrOgr~ ,
offers Y°n a variety of
advantages such as-
deducti°n t of
'~ Pays matie investnten
(an eductions)
your d
lni~l deferral month)
~ ~ little as X20 P '
'Pa%-deferred ~nefits
ome taxes may also be de ferred in
~ State to states.
certain
~~~'_
I~
_ _--~~
~-=
i i
_--- look at t,~ hypos?" ~~on_ ~
Tice a ed comPe y~__ ,
def err ,-___----
H11th f.-_--- "-~"-~
6a~~ ~~!~ ~~_
i
y1n~8 8 ~t
oII d Year 1 I
~ ~tl &~ at the en °f n
~~~ d account values eump~°st`~
e earned, ts,xes patd a gavin6a e~°unt ~ More ) ~
mPacis°n °f incom (~t~,'taxes} 2
~ 2,400
( 672)
le for investing ~
Earnings availab 1,7~ t 0)
for investing 62
Fetal ille°nte tax blo ~ 17) ~ 2,A8'1
I avails
Net earn'n~
tinc0~ e ~
I TaxesoSi~~ eethen~~Y~1 ~ 0 i 25
~ ~nan -,~ ~ Q ~ Zl
F ~ re~uentdefl¢0~''°~ ~ 0
~dltlor+al ,nlated valne 10, 20 and 30)
~dtional
es a e end of years 5' ~,ti°n
m
ace0unt valu t th ~ unt Deferred ore tasee)
rison of a~unlulated ~ t~~
(C,cmPa ~ ~ 14,E
End °~ ~ 9 ~ ~'~~
221 101,938
5 ygg70 23~ 882
10
11'8,x(}0 rata
ahYP°theticalfixedt^te ~%
idarati^n the D.
30 the am~tnt ^f }tDD eac ke into cone ~ hylgthetical
ear ht of ~ illnat~tiona I
a calendar Y' Thcseillnatration`~°t^~ Thr~
deferrals dann8 rd is 2a%' tercet rate B^e`
on rate aseum ~ is the ID ~--~~~
aWva are h The federal tax it able). nor
stretinas dereltar8~(ifapPf' theP~^' .~`~---"' full'
The i11u aPn~ aYail~'~ in
nt7%and~ladtniniatration ~ /~ ./ ravprrtun`~tiCO
ar a^"renance^f any th„ l CR' ,
~nalaatua'"alriak fee' - plense rr^d from d,r P '
~;nt the pe'Tfw'^' ~,,,,_- o I -
I _,~--~'~ ~ ase rnnsnlt n FnuP''rur~; rp4entnlirr ur.
anddOnotrepr ~~ rerisntiun t
ull rharRonr`~ xal Yl'RS~~ drferred rp1Dl
Fur mnr° rptnPlrte i~ u T~musj R00~545-413D.1e f rim y
brfore i'it~Serr~e Censer at
Cusianer"