The City of St. Louis offers a Deferred Compensation 457 Plan that employees can participate in to help save for their future.
Deferred compensation is an arrangement in which a portion of an employee's income is paid out at a later date after which the income was actually earned.
The City offers this benefit through Great West Life Investment Services.
The plan is purely voluntary. Contributions are made to the plan through bi-weekly payroll deductions.
The minimum amount that an employee can contribute to the plan is $12.50 per pay period.
If you are interested in enrolling in the 457 Plan,contact The City of St. Louis account representative at Great West Life:
Crystal Thompson - 314-241-1334 Ext. 113