Beginning Jan. 1, 2026, your King County Employees Deferred Compensation Plan deduction frequency will change from 24 pay periods per year to 26 pay periods per year. This means your annual Deferred Compensation contribution will be spread over more paychecks, as follows:

If you contribute a flat dollar amount from each paycheck

• Your total annual contribution to your Deferred Compensation Plan will increase as your deduction schedule increases from 24 to 26 pay periods.
• Be sure to review your contribution amount to ensure it aligns with your retirement savings goals.

Example: Your annual salary is $50,000; you contribute $50 per pay period.

If you contribute a percentage of your pay

• Your total annual contribution to your Deferred Compensation Plan will not change—it will just be divided among more pay periods.
• Your Deferred Compensation Plan contribution will be a little less per pay period, but will be the same total annual amount.
• Your take-home pay per pay period will be slightly higher, since the retirement deduction is spread over more pay periods.

Example: Your annual salary is $50,000 and your contribution rate is 3%. Your total yearly contribution is $50,000 × 3% = $1,500.

Questions?

If you would like to change the amount you contribute to your Deferred Compensation Plan, or have any questions about this change, please contact T. Rowe Price at 800-457-5770. You can also make changes by logging in to your account at T. Rowe Price.