| 457 Deferred Compensation Plan
Those eligible to participate in the 457 Deferred Compensation Plan (also known as DCPlus) include all employees of:
- An agency under the personnel authority of the Mayor;
- A subordinate agency as defined in the Comprehensive Merit Personnel Act of 1978; and
- 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 is responsible for the management of DCPlus. ING provides various investment and record-keeping services for plan participants.
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Plan Links
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How the Plan Works
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