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City of Philadelphia Deferred Compensation Plan Distribution Request for 457(b)/401(a) Governmental Plans Personal Information Plan Type: c 457(b) c 401(a) Participant Name: Participant SSN or Account
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The City of Philadelphia Deferred Compensation Plan allows eligible employees to contribute a portion of their salary to a tax-deferred retirement account.
All eligible employees of the City of Philadelphia are required to file for the deferred compensation plan if they wish to participate.
Employees can fill out the necessary forms and select their contribution amount through the online portal provided by the City of Philadelphia.
The purpose of the City of Philadelphia Deferred Compensation Plan is to help employees save for retirement by providing a tax-advantaged way to set aside funds for the future.
Employees must report their desired contribution amount and select their investment options within the deferred compensation plan.
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