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Posted on: June 6, 2018

Semi-Annual Enrollment for Deferred Compensation Program

The Deferred Compensation Representative will be here for a semi-annual enrollment and review of the Nationwide Deferred Compensation Program for the City of Stevens Point employees. You can schedule your appointment online or stop in to visit with him.

You can schedule your own appointment with the Representative by going to http://stevenspoint.MyRetirementAppt.com, or stop in to visit with him when he is in your building (see schedule below).

If you are currently participating in the Deferred Compensation Program, now is the time to change the amount of your deferral or adjust your investment allocation. If you are not currently enrolled, now is your opportunity to begin participation in this excellent program.

Monday, June 25, 2018
Fire Department 8:00 a.m. to 9:30 a.m.
Police Department 10:00 a.m. to noon
City Hall (City Conference Room) 12:30 p.m. to 2:00 p.m.
Parks Department (Rec Center) 2:30 p.m.

Tuesday, June 26, 2018
Fire Department 8:00 a.m. to 10:30 a.m.
City Hall (City Conference Room) 11:00 a.m. to 12:30 p.m.
Police Department 1:00 p.m. to 4:00 p.m.

Wednesday, June 27, 2018
Fire Department 8:00 a.m. to 9:30 a.m.
Water Department 10:00 a.m. to 2:00 p.m.
Streets Department 2:30 p.m.

“Deferred Compensation” is a method which allows you to set aside a portion of your gross salary (to a maximum of $18,500 for those under age 50, with an additional catch up for those over age 50 of $6,000 to a maximum of $24,500.
Three years prior to normal retirement age, a catch-up provision allows additional withholding to a maximum of $37,000 - speak with the Rep for further details).

The amount deferred reduces current State and Federal income taxes. Earnings on these deferrals also accumulate tax free until withdrawn upon retirement or termination of employment.

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City of Wonderful Water
City of Stevens Point, 1515 Strongs Ave., Stevens Point, WI 54481 | Phone 715-346-1569