Deferred Compensation Plans

The City offers two deferred compensation plans. These plans are known as 457 plans; participation is voluntary. Both plans offer a variety of investment options, the ability to monitor your plan performance online and make changes to your portfolio. Complete plan information is available by contacting plan representatives directly.

Nationwide
Candice Cataldi
877.677.3678
cataldc@nationwide.com

ICMA
William Jordan
866.328.4674
wjordan@icmarc.org

Deferred Compensation Plan FAQs

What is a 457 plan?

What is the catch-up provision?

Is my money safe?

When do I get my money?

When do I pay tax on Section 457 plan distributions?

Can I roll over my Section 457 plan account into a traditional IRA?

Why contribute to a deferred compensation plan?

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