Share Class Changes
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.
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.
Roth 457 now available
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!
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 Federal and Arizona state income taxes are deferred until your assets are withdrawn, usually during retirement when you may be in a lower tax bracket.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.
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 J.Bennett@Nationwide.com or call him at (602) 293-1178.
For your convenience, you can schedule an appointment online.
With concerns of the COVID-19 virus growing, all Nationwide one-on-one meetings will be held by phone until further notice.
Customer Service Team: (855) 826-5400
BCC Meeting Minutes
- 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)
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.