Office of the Chief Financial Officer: 457 Deferred Compensation Plan
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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.

The Office of Finance and Treasury and the D.C. Department of Human Resources’ Office of Employee Benefits are jointly responsible for the management of DCPlus.  ING is the program manager and provides investment management, record-keeping, employee education and communication services for plan participants.

For more information, visit the 457 DCPlus website at www.ingretirementplans.com/custom/dc or speak with a representative at 1-800-584-6001.


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