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457 Deferred Compensation Plan

Those eligible to participate in the 457 Deferred Compensation Plan (also known as DCPlus) include all employees of:

  1. an agency under the personnel authority of the mayor;
  2. a subordinate agency as defined in the Comprehensive Merit Personnel Act of 1978; and
  3. if approved by the mayor, an agency not under the personnel authority of the mayor or an independent agency.

There are no age or length of service requirements. Deferrals are made each pay period based on a fixed dollar amount determined by the employee.

An employee may defer up to $11,000 annually for the year 2002, and this maximum amount will increase by $1,000 each year until 2006.

The Office of Finance and Treasury is responsible for the management of DCPlus. ING provides various investment and record-keeping services for plan participants.

Use the links below to access your account information or learn more about DCPlus.