Deferred Compensation (457)

Deferred Compensation Savings Plans (also known as “457” plans) allow employees to set aside a portion of their earnings for retirement through tax-advantaged investment accounts.

Pre-tax contributions reduce your taxable income in the year they are made, and taxes on those contributions and any investment earnings are deferred until withdrawal. Alternatively, Roth (post-tax) contributions are made after taxes have been applied, allowing for tax-free withdrawals in retirement, subject to applicable rules.

The City of San Bruno offers two Deferred Compensation plan options. Employees may start, stop, or adjust contributions at any time.

To enroll:

  • Complete the online enrollment through one of the plan links below, and

  • Submit the corresponding enrollment form to Human Resources.

Please refer to the links below for additional information. For questions, contact Human Resources or the Plan Representative.

MissionSquare

VOYAi