The city's deferred compensation program, through ICMA Retirement Corporation (ICMA-RC), allows you to save and invest today for your retirement. Federal and Arizona state income taxes are deferred until your assets are withdrawn, usually during retirement when you may be in a lower tax bracket.
Under Section 457 of the Internal Revenue Code, you may defer each year a maximum of 100% of your "gross compensation" or an annual dollar limit, whichever is less. The dollar limits are:
Participation in Deferred Compensation is handled through payroll deduction so your taxes are reduced each pay period.
Our plan allows you to increase, decrease, stop or restart contributions as often as you wish, without fees or penalties.
The ICMA-RC is a not-for-profit corporation founded by public service employees in 1972 with the help of the International City/County Management Association and a grant from the Ford Foundation. ICMA-RC became the first organization to offer a nationally available deferred compensation retirement program for public sector employees.
ICMA-RC offers a wide array of investment options. Investors may choose ICMA-RC's Vantagepoint Funds or other popular funds offered in a Mutual Fund series. You may generally transfer your assets between funds without restriction. However, some funds may limit your ability to conduct frequent transfers to protect the interest of other investors.
The city's ICMA-RC Representative is Randall Neis. You may email him at email@example.com or call him at (888) 883-8578.
- Randall Neis, Retirement Plan Specialist
ICMA-RC Services, LLC
Phone: (888) 883-8578
Investor Services: (800) 669-7400
- Contact HR Benefit Division at 480-312-7600
- Send an email to
- Stop by one of our offices (7575 E. Main St or at the Corporation Yard).
ICMA Change Form
ICMA Beneficiary Change Form
ICMA Roth Change Form
ICMA Roth IRA Application
Produced by Human Resources
This information represents a summary of benefits provided by the City of Scottsdale to benefited employees. Every effort has been made to report information accurately. All information, including the amount of any benefit and employee eligibility of benefits, is subject to and governed by the terms and conditions of the applicable policy or plan documents. In all cases where any of the information provided differs from the amount of benefit actually provided by the policy or plan, the terms of the legal documents will control.