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The City offers two retirement plan options. Employees can choose to participate in either a Defined Benefit (Pension) plan or a Defined Contribution (401(a)) plan, when hired.
Optional Roth IRA and 457 Deferred Compensation Savings Plans are also available.
Employees who work a minimum of 1,040 hours per fiscal year will be allowed to participate in the 457 Deferred Compensation Plan. The City will not provide any matching funds.
*Normal retirement benefits attained upon the age of 65, age 55 with 20 years of service, or age 53 with 30 years of service.
This is intended for illustrative purposes only, see myFRS.com for complete plan details.