Deferred Compensation
Plan announcements
- Effective January 1, 2026, new federal requirements for age-based catch-up contributions will take effect for the City’s 457(b) plan. Please read the memorandum for more information.
- Effective September 12, 2025, Vanguard US Growth (VMUAX) will be replaced with the JP Morgan Large Cap Growth (JLGMX). Assets invested in VMUAX will be mapped to JLGMX.
- Effective September 12, 2025, the Vanguard Federal Money Market Fund (VMFXX) will be added to the investment lineup. If you move money from the Nationwide Fixed Fund, you must first transfer to another investment for 90 days before moving into the Money Market Fund. This rule does not apply when moving money from the Money Market Fund back to the Nationwide Fixed Fund. The Vanguard Federal Money Market Fund’s returns will vary with market conditions. This information is not intended as investment advice or a recommendation. Please contact Nationwide or consult fund prospectuses for further information.
401(a) and 457(b) Deferred Compensation Plans - Nationwide Retirement Solutions
401(a) Deferred Compensation Plan - required participation as identified in the City's labor agreements.
457(b) Deferred Compensation Plan - available to Career benefit-eligible employees. To participate in the 457 plan or to change your contribution amount, visit CityofSacRetPlan.com.
Contact Rick Watson, the City's Nationwide Retirement Specialist, for more information at rick.watson@nationwide.com or schedule a meeting with Rick online.
Health Reimbursement Arrangement Plans - Retiree Health
Participation in these plans is required as specified in the City's labor agreements.
Nationwide Post Employment Health Plan (PEHP) - the City's MissionSquare RHS plans transfered to Nationwide on August 5, 2025. See Nationwide's PEHP flyer for additional information.
IAFF Medical Expense Reimbursement Plan (Rep Unit 05 only)
PORAC Retiree Medical Trust (Rep Unit 02 only)
