City of Portland Governmental 457(b) Plan

The City of Portland is committed to keeping the cost of participation in the Deferred Compensation Plan to a minimum. The City is pleased to announce a reduction in the Plan annual administrative fee went into effect September 23, 2024. Please read this communication for more information. 

Every year, the IRS announces the latest contribution limits for retirement savings accounts (including employer-sponsored plans and IRAs) and Health Savings and Spending Accounts. This online overview can show how much of your taxable income you can potentially save for retirement.

You can do more through your online account to support your retirement planning strategy.

• Contribution Changes: The ESS Portal no longer accepts contribution changes; you can submit your changes directly through your online account. Here’s some information to get you started.
• Beneficiary designations: Designate and update your beneficiary information through your online account in three easy steps.
• Not currently participating in the Plan? You can enroll online, helping to make it easier to save for retirement.

To schedule an appointment with your local representative, use this scheduling tool.

Check out our webinars, covering basic investment concepts to retirement strategies. Your financial education is just one click away.