Deferred Compensation

The City of Chattanooga offers to all employees a deferred compensation plan through Empower, Nationwide, Voya, and Mission Square, national investment and insurance companies specializing in deferred compensation plans for governments (also known as 457 plans). The following are some of their features:

Comprehensive participant services include:

• On-site enrollment meetings.
• Individual retirement education sessions with a local/regional representative.
• Educational materials for participants at all stages of the retirement planning.
• Quarterly Statements of Account and informative newsletters.
• Toll-free customer service number with transactional capability.

Important program features include:

• A wide variety of investment choices, professional managed by some of the best-known money managers in the industry, and spanning the risk/reward spectrum.
• Multiple investment platforms to choose from.
• Full service and investment only alternatives.
• Competitive General (Declared Rate) Account rates.
• A variety of annuity payout options.

For further information about The City of Chattanooga's deferred compensation plan, you can contact Lindsay Lacy at the number (423) 643-7382 or at llacy@chattanooga.gov.