Deferred Compensation

The City of Alameda offers a variety of deferred compensation investment programs that allow employees to participate in a voluntary, payroll-deducted supplementary retirement program. A deferred comp plan can help bridge the gap between what you have in your pension and how much you will need in retirement. Furthermore, a voluntary pre-tax contribution will allow a participant to reduce their taxable income for the year and all associated earnings are not subject to tax until withdrawn.

 

Under Section 457 of the Federal Internal Revenue Code, a participant may contribute up to $18,000 towards a supplemental retirement plan. Additional contributions are available to employees age 50 or over, or if the participant is eligible for a “pre-retirement” catch-up-contribution and is within three (3) years of normal retirement age.

 

Enrollment information to the City’s three plans are available at the Human Resources Department or by clicking on the links below. Participation is handled through payroll deductions on a pre-tax basis. All enrollment and change forms must be submitted to the Human Resources and/or payroll, for proper processing.

 

Quarterly on-site meetings are held by the deferred comp representatives, allowing current or future participants to speak to a specialist in financial planning. Listed below are the dates our representatives have scheduled for individual appointments.

 

For more information or questions regarding the 457 Deferred Comp Plan, please contact the Human Resources Department at hr@alamedaca.gov or via telephone at (510) 747-4900.

 

 

City of Alameda 457 Deferred Compensation - Deferral Change Form

All completed deferral change forms must be submitted directly to the Finance Payroll Division

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ICMA-RC - Plan #303406

 

Retirement Plans Specialist    

Randi S. Carmen                      

Toll Free (866) 620-6068 

Cell: (202) 360-0817 

Fax: (510) 483-1598                

rcarmen@icmarc.org

 

ICMA-RC Forms:                                    

457 Plan Enrollment Form

Beneficiary Change Form

457 Loan Request Packet

Dynamic Investment Option Sheet

Dynamic Enrollment Kit

Making Sound Investment Decisions

 

Educational Videos: Your Retirement Plan Beneficiaries

                                    Invest Smart in Volatile Markets

 

Upcoming 2016 ICMA-RC Onsite Visits:

January 6th       – at City Hall; 9:00 a.m. – 4:00 p.m.

February 2nd  – at AMP; 9:00 am – 12:00 pm/City Hall West; 1:00 pm- 3:00 pm

March 10th     – at City Hall; 9:00 a.m. – 3:00 p.m.

June 8th         – at AMP; 9:00 a.m. – 12:00 p.m. / City Hall; 1:00 p.m.- 3:00 p.m.

August 10th    – City Hall; 9:00 a.m. – 3:00 p.m.

October 18th  – City Hall; 9:00 a.m. – 3:30 p.m.

 

Online Scheduler:  City of Alameda Online Scheduling

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Nationwide - Plan #0041535001

 

Retirement Plans Specialist

Jake Sours

Telephone: (877) 677-3678

Cell: (916) 708-1320

Fax: (877) 677-4329

Soursj1@nationwide.com

 

Nationwide Forms:

457 Plan Enrollment Form

Beneficiary Change Form

457 Distribution Form

 

Upcoming 2016 Nationwide Onsite Visits:

January 13th        - City Hall; 9:00 a.m. – 3:00 p.m.

March 10th          - City Hall; 9:00 a.m. – 3:00 p.m.

June 16th              - City Hall; 9:00 a.m. – 3:00 p.m.

September 20th  - City Hall; 9:00 a.m. – 3:00 p.m.

 

Online scheduler: City of Alameda Online Scheduling

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CalPERS 457 SIP - Plan # 450033

 

Retirement Plans Specialist:

Tamika Workmon

Telephone: (888) 713-8244 x 2

Fax: (888) 228-6185

Tamika.workmon@voya.com

 

CalPERS 457 SIP Forms:

457 Plan Enrollment Form

Beneficiary Change Form

Emergency Withdrawl App

 

Upcoming 2016 CalPERS 457 SIP Onsite Visits:

January 27th - City Hall; 11:00 a.m. – 3:00 p.m.

March 15th   - City Hall; 11:00 a.m. – 3:00 p.m.

June 23rd      - City Hall; 11:00 a.m. - 3:00 p.m.

Sept. 19th    - City Hall; 11:00 a.m. - 3:00 p.m.

 

Online scheduler: City of Alameda Online Scheduling