You can start investing now with the Suffolk County Public Employee Deferred Compensation Plan. This plan makes it easy for you to build a solid framework for your personal retirement program. Here's how:

• Convenient, automatic contributions by payroll deduction

• Pre-tax contributions, which reduce current income taxes*

• Tax deferral on all earnings*

• Flexibility to invest your contributions as you choose

* Income taxes payable upon withdrawal. Federal withholding restrictions may apply to withdrawals prior to age 70½.

Here are some plan highlights:

• No initial sales charge**

• Mutual funds, from well-known investment management firms, and a fixed-interest option

• Multiple payout options at retirement

** Annual fund operating expenses apply and are described in the current prospectus. Plan administration charges also apply.

Generally, you can begin participating in your DCP on your first day of employment simply by signing a deferred compensation agreement with Suffolk County.

If you are already an employee but are not participating in the DCP, you generally can start participating on the first day of the next calendar month after signing a deferred compensation agreement. Participation provisions, of course, are subject to the terms of the plan. If you decide to stop participating in the Plan, you may revoke your deferred compensation agreement at any time. You simply notify AIG Retirement or the County.

It's easy to enroll. Just complete an agreement with your financial advisor to set aside from your current compensation the amount you wish to contribute, and decide how you want to invest your contributions.

Generally, you can contribute as much as 100% of your annual adjusted income, up to $15,500 in 2008. Contributions are done automatically by payroll deduction.

You may be eligible to contribute up to an additional $15,500 in 2008 if you are within three years of attaining normal retirement age or an additional $5,000 in 2008 if you are age 50 or older. 457(b) catch-up contributions (three years before normal retirement age) cannot be combined with the age-based catch-up contributions.

In general, the money in your account may be distributed under any of the following circumstances:

• Separation from service

• Retirement

• Death

• Unforeseeable emergencies

Please note, income taxes are payable upon withdrawal and federal withholding restrictions may apply to withdrawals prior to age 70½.

The Deferred Compensation Plan does allow for loans. Please see the Loan Policy for all the details.

You are required to begin taking minimum distributions from your account the later of attainment of age 70½ or retirement.

Your plan provides for hardship withdrawals due to an unforeseeable emergency. This is defined as a severe financial hardship resulting from a sudden and unexpected illness or accident (involving the participant or a dependent), a loss of property due to casualty, or other similar extraordinary and unforeseeable circumstances due to events beyond your control. For more information regarding specific hardship withdrawal provisions, call AIG Retirement at 1.888.568.2542.

A VALIC (The Variable Annuity Life Insurance Company) fixed annuity (Policy No. GFA 582-4)