Order #155629 01/01/2012
CO-783 Rev. 12/2011
Type of
Agreement
This agreement must be completed to enroll in the Plan, to make changes to an existing Participation Agreement or to modify the
amount of your deferral.
To designate a beneficiary or change a beneficiary designation, apply for benefit payments/withdrawals, or transfer to/from other
plans or IRA’s, contact the Service Center at 1-800-584-6001 or visit www.CTdcp.com
Deferral
Amount
Complete this section only if you are enrolling or changing your deferral amount (including any Catch-up contributions).
Any amounts deferred must be made through payroll deductions from future compensation only. Deferrals made on a pre-tax
basis are not subject to state, federal or local income tax when made.
Deferrals can also be made on an after-tax basis. You can use a combination of pre-tax and post-tax deferrals as long as
you do not exceed the annual contribution limits.
Consult your Plan Registered Representative (Registered Representative) regarding restrictions that may apply if you
participate in any other salary reduction plan, such as a 403(b) plan or a 401(k) plan.
Unless you specifically elect and use one of the available Catch-up provisions, the maximum you can defer in any calendar
year is the amount specified under § 457(c) and § 457(e) (15) of the Internal Revenue Code (as adjusted for cost-of-
living). Your Registered Representative can explain the limitations applicable to your situation; however, it is ultimately
your responsibility to make sure that you do not defer more than is allowed in any calendar year.
The effective date of any enrollment or change of deferral amount cannot be earlier than the first pay period following the month in
which this form is completed or the earliest date thereafter consistent with the Administrator’s processing requirements and § 457
of the Internal Revenue Code.
Catch-Up
Contribution
Election
Before you can make Catch-Up contributions, you must first elect a Normal Retirement Age. Under the State of Connecticut
Deferred Compensation 457 Plan “Normal Retirement Age” is age 70 ½. However, you can elect an alternate Normal Retirement
Age that is on or after the earlier of: (i) age 65 or (ii) the earliest date you will become eligible to retire and receive immediate,
unreduced benefits under the defined benefit plan or the Alternate Retirement Program in which you also participate. The Normal
Retirement Age you select cannot be earlier than age 40 or later than 70 ½. This is a one-time election and cannot be changed.
The Special § 457(b) Catch-up option is available only during the three-year period before, but not including, the year in which you
will attain Normal Retirement Age. You cannot make these contributions unless you have underutilized prior year contributions
under the Plan. Complete the Special § 457(b) Catch-up Underutilization Worksheet to determine if you are eligible to use this
option.
The Age 50+ Catch-up contribution is available to those participants who are or will be at least age 50 by December 31st and who have
also elected to defer the maximum amount permitted under § 457(e)(15), as adjusted for cost-of-living.
Your Registered Representative can help you determine whether the Age 50+ Catch-up provision [under IRS regulation § 1.457-
4(c)(2)(i)] or the Special § 457(b) Catch-up Option [under IRS regulation § 1.457-4 (c)(2)(ii)] will provide the greater deferral amount.
You cannot use both the Special § 457(b) Catch-up and the Age 50+ Catch-up options during the same year. Consult with your
Registered Representative for further information.
Participant
Signature
Your signature acknowledges (1) receipt of the State of Connecticut Deferred Compensation § 457 Plan document and agreement to
the terms, provisions and conditions thereof; which terms, provisions and conditions are hereby incorporated into this Participation
Agreement and constitute your entire rights and obligations under the Plan; (2) that you have received and read an investment option
summary or a prospectus for each of the investment options you have elected to invest in; (3) that the State of Connecticut, your
Employing Agency and its agents are not required to invest deferred compensation in any manner whatsoever. You understand and
acknowledge that all Plan assets shall be held in trust by the trustee appointed by the Comptroller for the exclusive benefit of the
Participant in accordance with the Plan document and the Internal Revenue Code. You understand that participation in the State of
Connecticut Deferred Compensation § 457 Plan is voluntary. In return, you, your heirs, successors and assignees shall hold
harmless the State of Connecticut, its employees, officials, agents, assignees and successors from any and all liability for all acts in
good faith.
NOTE: THIS IS NOT A SAVINGS ACCOUNT.
THIS IS A DEFERRED COMPENSATION § 457 RETIREMENT PLAN.
Keep a copy of this Agreement for your records. Return the original signed form to your Registered Representative or to the address
shown on the front of this form.