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State of Vermont 457 Deferred Compensation Plan

State Employees:
If you would like to change your payroll deduction amount, please print, complete, and mail the Payroll Deduction Form to:


Department of Payroll
Payroll Division
110 State Street
Montpelier, VT 05602


Municipal Employees:
If you would like to change your payroll deduction amount, please print, complete and mail the Payroll Deduction Form to:


Empower Retirement
100 State Street, Suite 334
Montpelier, VT 05602

If you are over age 50 or within 3 calendar years of normal retirement age and are interested in contributing the maximum amount possible, you may be able to take advantage of one of the available catch up provisions in your plan. For more information, please contact your Empower Retirement representative at 1-800-457-1028.

Vermont State Teachers Retirement System (VSTRS) 403(b) Program


Payroll Deduction Forms
If you would like to change your payroll deduction amount, please contact the local Empower Retirement office at (802) 229-2391, Monday through Friday 8:00 a.m. – 4:00 p.m. ET.

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