City of Seattle Voluntary Deferred Compensation Plan

News:

The Trust Committee of the City's Deferred Compensation Plan has a vacancy for the Member-at-Large seat. Interested Plan participants who meet the qualifications described in the linked application [Word] [PDF] should apply for a three (3) year term.

Submit completed applications by 5:00PM Pacific Time on January 8, 2021 to Michelle.Ell@seattle.gov.

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 the 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, Suite 1635.

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

Deferred Compensation Meetings

Enrolling in Deferred Compensation (Interactive Demonstration)

No time like the present! Join us for an interaction demonstration that goes over why you may want to enroll in Deferred Compensation, some plan highlights and a step-by-step guide on how to enroll and get started!

Tuesday, January 12, 2021 from 12:00 PM - 12:30 PM (30 min.)

Contributing to Deferred Compensation (Interactive Demonstration)

Feed your Retirement! Learn more about how to enroll in Deferred Compensation, if you haven't already. For those already participating, we will talk about why you may want to increase your contribution, review how you make changes to your contributions, and discuss the Roth option for contributions.

Tuesday, January 12, 2021 from 11:30 AM - 12:30 PM (30 min.)

Building a Budget and Debt Reduction (Lunch & Learn)

Join us for a seminar centered around the topic of Budgeting. We will discuss the benefits of a spending plan and a monthly budget analysis as well as strategies for debt reduction and finding extra dollars to save! 


Tuesday, January 26, 2021 from 12:00 PM - 12:30 PM (30 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 Secrity - The Choice of a Lifetime (Recorded Webinar)

DC Trust Committee 2020 Meeting Schedule

  • 10:00am to 12:00pm on Wednesday, January 27, 2021 (Join via Webex)
  • 10:00am to 12:00pm on Wednesday, March 24, 2021, via Webex
  • 10:00am to 12:00pm on Wednesday, May 26, 2021, via Webex
  • 10:00am to 12:00pm on Wednesday, July 28, 2021, Location TBD
  • 10:00am to 12:00pm on Wednesday, September 22, 2021, Location TBD
  • 10:00am to 12:00pm on Wednesday, Decemvber 1, 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 PENDING
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

Update
October 2, 2020 - Proposals submitted by the September 25 deadline will be reviewed by the Committee. 

Reference:

Proposals are due by September 25, 2020 at 5:00pm Pacific Time. Electronic submissions are preferred. Send proposals or any questions to Michelle Ell.

Procurement Contact:  Michelle Ell, Deferred Comp Manager, Michelle.Ell@seattle.gov, (206) 684-4176

Sample QDRO Template