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Regular full-time and
regular part-time employees are eligible to participate in the
City's Deferred Compensation Program, and may enroll in the program
anytime on or after their first day. Any amounts contributed
to the program, which must be by payroll deduction, are paid for
fully by the employee. The following is a brief
description of the plan details.
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Voluntary
programs allow employees to make contributions annually up to
$13,000 in 2004; $14,000 in 2005; $15,000 in 2006; $15,500 in
2007 to a retirement savings account
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Option to later
use a "catch up" option for those employees who do
not start a deduction upon hire or that may not contribute the
maximum allowed
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Contributions
are taken pre-tax
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Contributions
only by payroll deduction
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"Rollovers"
(money from 401K accounts) are accepted into this plan
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For
more information call Tom Jones, Nationwide Retirement
Solutions, at 920-983-6194 or Nationwide at 1-877-677-3678, http://www.nrsretire.com
If
you have further questions or concerns please call Human
Resources at (920) 832-6458 or email us at 
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