The City provides all benefited employees the opportunity to participate in a Section 457 Deferred Compensation plan. Deferred Compensation allows participants to defer a portion of their salary on a pre-tax basis, for investment purposes. Effective July 1, 2017, ICMA-RC is the City's sole Deferred Compensation Provider. Employees have a variety of investment options in all risk categories.
Important Change: Effective July 1, 2017, the City will transition to a sole Deferred Compensation provider. ICMA-RC has been selected as the sole provider for the City of Riverside 457 Deferred Compensation plan. All existing accounts with Empower Retirement for current employees and retirees will be transferred to ICMA-RC. Please visit the ICMA transition website for more details: http://www.icmarc.org/riversideca.html
Deferred Compensation is not a savings account. Under IRS Section 457, distributions can only be made at termination, retirement, or unforeseeable emergency.
Deferred Compensation enrollment packets contain complete details of benefits and exclusions. The City of Riverside Human Resources Department and ICMA-RC Member Services are also available to answer questions.
If you have additional questions regarding the 457 plan, please contact ICMA-RC Member Services at (800) 669-7400. Also, the Human Resources Benefits Division is available at 951-826-5639 to answer benefit questions.
3900 Main St. 5th Floor
Riverside, CA 92522
Phone: (951) 826-5639
Fax: (951) 826-2421
|Mon - Fri||8:00am - 5:00pm|
|Closed on Weekends and Major Holidays|