Deferred Compensation

The City of St. Louis offers a Deferred Compensation 457 Plan that employees can participate in to help save for their future.

Plan Highlights

A governmental 457(b) deferred compensation plan (457 plan) is a retirement savings plan that allows eligible employees to supplement any existing retirement and pension benefits by saving and investing before-tax dollars through a voluntary salary contribution. Contributions and any earnings on contributions are tax-deferred until money is withdrawn. Distributions are subject to ordinary income tax.

Top 5 Reasons to Enroll Today!

The City offers this benefit through Empower Retirement.  Learn more about retirement planning.

The plan is purely voluntary.  Contributions are made to the plan through bi-weekly payroll deductions.  

The minimum amount that an employee can contribute to the plan is $12.50 per pay period. 

 

If you are interested in enrolling in the 457 Plan, contact The City of St. Louis account representative at Empower Retirement:

Crystal Thompson - 314-241-1334 Ext. 113

or

use the City Employee Empower Login Portal

How can I get more information about saving for retirement...

The Potential Cost of Waiting to Enroll

 

 

 

 

 

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