The PGA Deferred Compensation Plan is a great new benefit for Members, who can earn tax-deferred growth on their retirement account while participating in activities throughout the plan year.
When you grow the game of golf, you can grow your retirement savings. Eligible activities are wide-ranging and those available are dependent on your career track. Curious about which Deferred Compensation activities you’re eligible for? There’s a chart for that.
Whether you’re in the coaching track, operations or executive management, you can earn points toward a potential cash contribution to your retirement account.
Are you a PGA Jr. League coach? You can earn points for coaching a team or a full league.
Are you interested in the PGA of America’s Diversity, Equity and Inclusion programs, or philanthropic initiatives? Participation in (and competition of) these activities can also earn points toward your account.
Using the all-new app for PGA Members, you can enroll in Deferred Compensation, manage all aspects of your account, and submit activities for review.
Because attestation is required to confirm activities – and thus earn points – Members must designate a fellow Member to review their participation in the activity. Designated Members should have direct or first-hand knowledge of the requesting Member’s participation and be able to confidently and accurately confirm the submission.
So, what happens next?
The PGA Deferred Compensation Plan launched officially on April 1, 2023. Upon launch, Members were able to begin participating in activities and submit them through the app. The goal is that Members will be able to earn points starting April 1, 2023 with the annual calendar going April 1 to March 31 every year, consistent with the PGA of America’s fiscal year.
In addition to the Help & Resources library (available via the app and PGA.org), Members can contact support at deferredcompensation@pgahq.com for additional assistance.
