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.
3900 Main St. 5th Floor
Riverside, CA 92522
|Mon - Fri
||8:00am - 5:00pm
|Closed on Weekends and Major Holidays
Printed from: http://www.riversideca.gov/human/benefits/benefit-deferredcomp.asp