Deferred Compensation
Nationwide
Workshops and one-on-one meetings where you can learn more about the plans, receive one-on-one transition support and meet our Nationwide retirement specialists are held throughout the city.
If you would like to attend one of the group presentations or schedule a one-on-one meeting, RSVP
here
.
Time slots do fill up quickly. Please check back often as new slots are opened up periodically.
For additional information, view the Nationwide Transition Brochure or the Nationwide Transition Presentation.
Roth 457
Is the Roth 457 right for you? Review the Roth 457 presentation to learn about the plan, how it’s different from the traditional 457 plan and how to help you decide which is right for you!
Overview
The city's deferred compensation program 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 Federal and Arizona state income taxes are deferred until your assets are withdrawn, usually during retirement when you may be in a lower tax bracket.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:
| Year | Contribution Limit |
|---|---|
| 2024 | $23,000 |
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 without fees or penalties. All changes are made online at www.Scottsdale457.com.
The deferred compensation plan offers a wide array of investment options. Investors may choose from core lineup, managed account option with Nationwide ProAccount or a self-directed option with Schwab Personal Choice Retirement Account (PCRA). 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 Nationwide Representative is John Bennett. You may email him at [email protected] or call him at (602) 293-1178.
For your convenience, you can schedule an appointment online.
Nationwide Contacts
John Bennett, Investment Adviser Representative
P: (602) 293-1178
Email: [email protected]
Website: www.Scottsdale457.com
Scott Wheeler, Retirement Specialist
P: (602) 293-1164
Email: [email protected]
Website: www.Scottsdale457.com
Daniel Pantoja, Personal Retirement Consultant (PRC)
P: (602) 293-1175
Email: [email protected]
Website: www.Scottsdale457.com
Customer Service Team: (855) 826-5400
BCC Meeting Minutes
- February 2024 (PDF)
- November 2023 (PDF)
- August 2023 (PDF)
- May 2023 (PDF)
- February 2023 (PDF)
- November 2022 (PDF)
- August 2022 (PDF)
- May 2022 (PDF)
- February 2022 (PDF)
- November 2021 (PDF)
- August 2021 (PDF)
- May 2021 (PDF)
- March 2021 (PDF)
- November 2020 (PDF)
- August 2020 (PDF)
- May 2020 (PDF)
- April 2020 (PDF)
- February 2020 (PDF)
- August 2019 (PDF)
- May 2019 (PDF)
- April 2019 (PDF)
- February 2019 (PDF)
- November 2018 (PDF)
- August 2018 (PDF)
- June 2018 (PDF)
- May 2018 (PDF)
Reference Documents
Plan Documents
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.
Contact Information
9191 E. San Salvador Drive
Scottsdale, AZ 85258
Office Map
Member Services Toll-Free Number:
www.cigna.com
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Frequently Asked Questions
Benefit Forms
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HIPAA Privacy Notice
Mental Health Care Kit (PDF)
Learn about the EAP