Deferred Compensation

 

 

For ICMA-RC Appointments     For CalPERS 457 Appointments     For Nationwide Appointments

     Click HERE.                        Click HERE.                            Click HERE.     

 

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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a participant to reduce their taxable income for the year and all associated earnings are not subject to tax until withdrawn.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.

 

 

Area Rep. Contacts and Deferred Comp Forms Listed Below:

 

ICMA-RC Forms:

ICMA-RC Enrollment Form

ICMA-RC Beneficiary Change Form

457 Loan Request Packet

 

CalPERS Forms:

CalPERS Enrollment Kit

CalPERS Beneficiary Designation Form

CalPERS Unforseeable Emergency Form

 

Nationwide Forms:

Nationwide Participation Agreement

Nationwide Beneficiary Change Form

Nationwide 457 Distribution Form

Nationwide 457 Guidebook

 

 

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

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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.