Deferred Compensation

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 Federal and Arizona state income taxes are deferred until your assets are withdrawn, usually during retirement when you may be in a lower tax bracket.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:

Participation in Deferred Compensation is handled through payroll deduction so your taxes are reduced each pay period.

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.

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.

Time slots do fill up quickly. Please check back often as new slots are opened up periodically.

Sign up at Scottsdale457.com

Nationwide Retirement Resource Center

Our plan allows you to increase, decrease, stop or restart contributions without fees or penalties.

Make changes at Scottsdale457.com

For additional information, view the Nationwide Transition Brochure or the Nationwide Transition Presentation.

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!

Schedule an Appointment

For those enrolled in the 457 Target Date Funds, there will be share class changes effective March 16. In a continual effort to assist you in meeting your retirement goals, the City of Scottsdale Benefits Coordinating Committee has worked with Innovest Portfolio Solutions LLC to make the following changes to the investment options available in the plan.

The funds listed in the notice above will be automatically transferred from the old share class, Vanguard Target Retirement Investor Suite to the respective lower cost share class of the Vanguard Target Retirement Institutional Suite.