For ICMA-RC Appointments For CalPERS 457 Appointments For Nationwide Appointments
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a participant to reduce their taxable income for the year and all associated earnings are not subject to tax until withdrawn.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:
All completed deferral change forms must be submitted directly to the Finance Payroll Division
For more information or questions regarding the 457 Deferred Comp Plan, please contact the
Human Resources Department at firstname.lastname@example.org or via telephone at (510) 747-4900.