This is a voluntary plan, and the City does not contribute toward this plan. Deferred Compensation is a program that allows you to save and invest today for your retirement. Federal and (in most cases) state income taxes are deferred until your assets are withdrawn, usually during retirement when you may be in a lower tax bracket. Participation is handled through payroll deduction so your taxes are reduced each pay period. The City offers two options for 457 plans.
1. ICMA-RC Building Retirement Security
2. Strategic Retirement Advisors, LLC
To schedule an appointed with Brent Mick to either review or set up a new 457 visit the following links: