Human Resources

Human Resources

Deferred Compensation

Deferred Compensation allows participants to defer a portion of their salary on a pre-tax and/or ROTH (after-tax under the 457 plan only) basis, for investment purposes. Empower Retirement (Formerly Great-West) and ICMA-RC are the two plans currently offered. Each of these plans have different investment options in all risk categories.

  • The City provides all benefited employees the opportunity to enroll in an IRS Section 457 deferred compensation pre-tax and/or ROTH (after-tax) plan.
  • The City provides for executive level employees the opportunity to enroll in an IRS Section 401(a) deferred compensation plan. This plan allows participants to defer a percentage of their salary on a pre-tax basis for investment purposes. ICMA-RC currently administers the 401(a) plan.

Empower Retirement Services      ICMA-RC 
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