2015 City of Detroit Deferred Compensation Plan Open Enrollment (Reminder){0}
CITY OF DETROIT DEFERRED COMPENSATION PLAN OPEN ENROLLMENT
The spring open enrollment period for participation in the City of Detroit deferred compensation plans runs from April 1 through May 15, 2015. These plans are available to all employees.
The plans allow members to participate in pre-tax retirement savings plans through payroll deduction, to begin in July 2015.
• Members under the age of 50 can contribute an annual maximum of up to $18,000.00
• Members 50 or over can contribute an annual maximum of up to $24,000.00
• Members requirements for pre-retirement catch up can contribute an annual maximum of up to $36,000.00
The following plans are available to all employees:
• MassMutual – Plan 107560. Contact: (800) 528-9009 or atmassmutual.com/Detroit
• Vanguard – Plan 09000. Contact: (800) 523-1188, press 0# or athttp://cod.vanguard-education.com/ekit
• AXA/Equitable – Contact: Michael Johnson at (248)731-7582 or Jerry Alawan at (313) 506-0456
The following plan is available only to Police and Fire Retirement System members only:
• Voya – Contact: Silburn Tomlin at (248) 208-6002 or Lyons Financial at (248) 253-1140
Please contact the City of Detroit Finance Dept, 2 Woodward Ave, Suite 1216 with specific questions. Their phone is (313) 224-3310, FAX (313) 224-5506.