City of Seattle Voluntary Deferred Compensation Plan

Plan updates related to the COVID-19 pandemic and the SECURE Act.
Click here for detailed information on changes to plan loans, withdrawal rules, fees and specified assets.

The City of Seattle Voluntary Deferred Compensation Plan is a 457(b) Deferred Compensation Plan and Trust available to City officers and any person identified as an employee under the Seattle Municipal Code. This plan allows employees to invest in their future by building a retirement savings account using payroll deductions that go into investments they select from the diverse fund lineup selected by the City.

Employees in an exempt position or a permanent non-exempt position, may be eligible for a defined benefit plan. Refer to the Pension links on this page for more information.

Log in to Deferred Comp

New or Existing Participants

Interested in Enrolling? All current City employees (regardless of benefits eligibility) can enroll in the Plan. Employees can enroll starting with as little as $10 per paycheck. Get started with these resources:

Leaving City Employment? Employees thinking of leaving City employment can check out these resources to help in decision-making.

Need Help? Where to Find Us
Employees may access their account information online at Nationwide representatives can be reached at (855) 550-1757. Representatives are available Monday through Friday, 5 a.m. - 8 p.m. and Saturday, 6 a.m. - 3 p.m PT. Employees may also reach out to one of the Plan's dedicated Education Consultants at (206) 447-1924 or visit them in the Seattle Municipal Tower, Suite 1635.

If employees need to contact City of Seattle Deferred Compensation Plan management, please send an email to

Deferred Compensation Meetings

Women and Retirement (Webinar)

Women face unique challenges as they prepare financially for retirement - Join us for the following Webinar presented by the Nationwide Retirement Institute where topics specific to women will be covered - including an overview of Social Security income and Healthcare in Retirement.  

Wednesday, June 3, 2020 from 10:00 am - 11:00 am (1 Hour)

  • Join via Go2Meeting (you can register ahead of time, but it is not required)
    • Note you will need to download the app ahead of time or use Chrome to view in browser 
  • Materials:

Social Security - It's the Choice of a Lifetime (Webinar)

Filing for Social Security is one of the biggest financial decisions you'll make. That's why it's the choice of a lifetime. At this seminar, you'll learn key filing rules and strategies to help you make the choice that fits with your overall retirement income plan. Presented by Nationwide Retirement Institute. 

Wednesday, June 10, 2020 from 10:00 am - 11:00 am (1 Hour)

Nearing Retirement (Lunch & Learn)

This presentation includes helpful information such as identifying an income gap, strategies to boost savings 3-4 years from retirement, and payout options at retirement. It also includes ways to leverage the Plan to buy missing pension credits, special catch-up options, and converting leave at retirement. 

Wednesday, June 17, 2020 from 11:30 AM - 12:30 PM (1 hour)

  • Join Via Skype (recommended to see presentation)
  • Join via Phone (206) 386-1200 OR (206) 684-5900 (toll-free 844-386-1200)
    • Conference ID:66714566

Healthcare Costs and Retirement (Webinar)

Join this presentation by Nationwide Retirement Institute where Health Care Costs, tools & resources, and Medicare coverage overview is discussed. 

Wednesday, June 24, 2020 from 10:00 am - 11:00 am (1 Hour)

DC Trust Committee 2020 Meeting Schedule

  • 10:00am to 12:00pm on Wednesday, January 22, 2020, SMT 4080     CANCELED
  • 10:00am to 12:00pm on Wednesday, March 25, 2020, SMT 4080     RESCHEDULED
  • 10:00am to 12:00pm on Wednesday, April 8, 2020, SMT 1660
  • 10:00am to 12:00pm on Wednesday, May 27, 2020, SMT 4080
  • 10:00am to 12:00pm on Wednesday, July 22, 2020, SMT 4080
  • 10:00am to 12:00pm on Wednesday, September 23, 2020, SMT 4080
  • 10:00am to 12:00pm on Wednesday, November 18, 2020, SMT 4080

DC Trust Committee Agendas and Minutes

Trust Committee Agendas and Minutes for the City of Seattle Voluntary Deferred Compensation Plan

May 27, 2020 Meeting Agenda PENDING
April 8, 2020 Meeting Agenda Minutes
January 22, 2020 Meeting Agenda CANCELED
December 4, 2019 Meeting Agenda Minutes
September 25, 2019 Meeting Agenda Minutes
July 24, 2019 Meeting Agenda Minutes
May 22, 2019 Meeting Agenda Minutes
March 27, 2019 Meeting Agenda Minutes
January 23, 2019 Meeting Agenda Minutes

Deferred Compensation Documents