In addition to the City’s Defined Benefit Pension, they also offer optional participation to the defined contribution 457 Plan along with Roth IRAs.

457 Deferred Compensation Plan

A 457 Deferred Compensation Plan is a supplemental retirement savings program that allows you to make contributions on a pre-tax basis. Federal taxes are deferred until your assets are withdrawn, usually during retirement when you may be in a lower tax bracket.

Check out the ICMARA website for more details on 457 Deferred Compensation Plans  and  IRAs.

Contact

Alexa DeFranco
Payroll Administrator
defrancoa@mydelraybeach.com

Phone: (561) 243-7124
Fax: (561) 243-7166