City of Seattle Voluntary Deferred Compensation Plan

RECENT PLAN NEWS

Click here for more information on the recent plan changes, including the reduction in Administrative Fees, In-Plan Roth Conversion, and updates to the Loan Policy.

This plan allows all persons identified as an employee under the Seattle Municipal Code to invest in their future by building a retirement savings account using payroll deductions.

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 www.cityofseattledeferredcomp.com. 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 (SMT), Suite 1635.  The representatives will be working remotely until SMT is fully reopened.

If employees need to contact City of Seattle Deferred Compensation Plan management, please send an email to DeferredCompQuestions@seattle.gov.

Deferred Compensation Meetings

Upcoming Live Virtual Education Sessions

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, December 1, 2021 from 12:00 PM - 12:45 PM (45 Min.)

Investment Overiew and Upcoming Fund Changes (Lunch & Learn)

Hyas Group, the City of Seattle's Deferred Compensation Plan’s Investment Advisor, will be providing an overview of the new investment lineup. Open session for questions to follow.

Monday, December 6, 2021 from 12:00 PM - 12:45 PM (45 Min.)


Friday, December 10, 2021 from 12:00 PM - 12:45 PM (45 Min.)

Recorded Workshops and Videos

In addition to our live Virtual Education Sessions you can view recorded workshops and videos to learn more about Deferred Compensation with Nationwide. 

Educational Videos

Health Care Costs and Retirement (Recorded Webinar)

Social Security - The Choice of a Lifetime (Recorded Webinar)

DC Trust Committee 2021 Meeting Schedule

  • 10:00am to 12:00pm on Wednesday, January 27, 2021
  • 10:00am to 12:00pm on Wednesday, March 24, 2021
  • 10:00am to 12:00pm on Wednesday, May 26, 2021 
  • 10:00am to 12:00pm on Wednesday, July 28, 2021
  • 10:00am to 12:00pm on Wednesday, September 22, 2021
  • 10:00am to 12:00pm on Thursday, December 2, 2021, Location TBD

DC Trust Committee Agendas and Minutes

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

December 1, 2021 Meeting Agenda Minutes
September 22, 2021 Meeting Agenda Minutes
July 28, 2021 Meeting Agenda Minutes
May 26, 2021 Meeting Agenda Minutes
March 24, 2021 Meeting Agenda Minutes
January 27, 2021 Meeting Agenda Minutes
November 18, 2020 Meeting Agenda Minutes
September 23, 2020 Meeting Agenda Minutes
July 22, 2020 Meeting None CANCELED
May 27, 2020 Meeting Agenda Minutes
April 8, 2020 Meeting Agenda Minutes
January 22, 2020 Meeting Agenda CANCELED

Deferred Compensation Documents

Deferred Compensation Personnel

Trust Committee

  • Teri Allen, Chair
  • Jeff Davis, Secretary
  • Glen Lee
  • Kimberly Loving
  • Dennis Karl, Union representative
  • Tania Torres, Union Representative
  • Rick Sheridan, Member-At-Large

City of Seattle Administrative Plan Staff

  • Michelle Ell, Manager
  • Tony Dozier, Senior Analyst
  • Malia Bonham, Analyst

Nationwide On-site Education Representatives