Human Resources

Human Resources

Deferred Compensation

Deferred Compensation is an optional retirement savings plan that 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.

Important Change: Effective July 1, 2017, the City will transition to a sole Deferred Compensation provider.  ICMA-RC has been selected as the sole provider for the City of Riverside 457 Deferred Compensation plan.  All existing accounts with Empower Retirement for current employees and retirees will be transferred to ICMA-RC.  Please visit the ICMA transition website for more details:  http://www.icmarc.org/riversideca.html

  • 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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