Deferred Compensation

Overview

Retirement Investing
All regular full-time and part-time employees, including IATSE-represented employees eligible for health insurance benefits, can participate in the City's Deferred Compensation Plan. This voluntary supplemental retirement program allows you to have part of your salary withheld and invested for payment to you upon termination.
The City’s Deferred Compensation Carrier is: 

Voya Info
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Voya ON-SITE HOURS
Voya has regular on-site appointments at various City Locations. Click here for details!
ENROLLMENT
Enroll in the deferred compensation plan or make changes at any time during the year. Enrollment and other changes are effective in the following month as required by IRS regulations. To enroll, contact Voya directly at 541-343-6759 or submit an EZ Enrollment form.

MAXIMUM DEFERRAL LIMIT
The maximum deferral limit is 100 percent of compensation, up to the limits outlined below:

Year     Regular Deferral Limit                 Deferral Limit Over the Age of 50 Final Three-Year Limit  
 2015 / 2016             $18,000 $24,000 $36,000
DEFERRED COMPENSATION COMMITTEE
The Deferred Compensation Committee consists of employees from various departments and labor unions who are appointed by the City Manager. The responsibilities of the committee are outlined in the City of Eugene Deferred Compensation Plan and include overseeing the plan investments.