Deferred Compensation

The Deferred Compensation Program and the following information is solely for your convenience and benefit. The City of Mesa does not endorse or recommend any specific provider(s) or investment option(s) The views and opinions expressed by the providers may not reflect those of the City of Mesa.

Benefit and Eligibility

All full-time and part-time benefited employees are eligible to participate in the City's Deferred Compensation program. Additionally, participating full-time employees with a minimum of one year of service are eligible to receive a City contribution to their deferred compensation account.

Full-time employees who are rehired and participating are subject to the one-year of service waiting period from his/her rehire date to become eligible for the City contribution.

Initiated in January 2002, this benefit provides participating employees who contribute at least $10 per paycheck to deferred compensation with a contribution from the City equal to .5% (one-half of one percent) of the employee's base pay to their deferred compensation plan.

Updates & Events

Self-Directed Brokerage Option (SDBO) now available
Effective October 1, 2008, a new option allowing deferred comp participants to enroll in a SDBO with Charles Schwab is available through your deferred comp provider. This option allows you to invest in the SDBO with Charles Schwab as an exchange from your deferred comp account. To be eligible to enroll in the SDBO account you must have a balance of $5,000 or more in your deferred comp account and the initial exchange into the SDBO must be at least $2,500. Subsequent exchanges into the SDBO must be at least $1,000 and you must maintain $2,500 in your deferred comp account at all times. For more information regarding this option and how to enroll please contact your deferred comp representative.

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