Quick Links
Furlough Program
Savings Plus Program
How long will the furlough program last?
The State employee work furlough plan will run from February 2009 through June 2010.
Will my deferral or loan repayment come out of my paycheck?
If your net pay is sufficient, your SPP deferral or loan repayment will be taken out of your paycheck. Refer to the SCO payroll calculator to determine the overall impact to your net pay.
Can I take money from my Savings Plus account(s) to replace lost income?
Both the 457 and the 401(k) have a loan provision. Refer to the loan fact sheet for specific information. Additionally, both plans allow for early withdrawals under certain circumstances. Refer to the Unforeseeable Emergency Withdrawal and Hardship Withdrawal forms.
Updated July 1, 2009 at 10:14 AM.