Deferred Compensation

For the majority of our employees, participation in our deferred compensation program is optional. (Participation is mandatory only if you are not eligible for a pension under WRR/MTRS and you are not currently collecting retirement benefits from WRR/MTRS.)

A deferred compensation program allows you to set aside a portion of your paycheck pre-tax and let it grow in an account until you retire. It is meant to supplement other retirement income you may be eligible for.

The Town offers a 457 deferred compensation plan through MissonSquare Retirement (formerly ICMA RC). View a 457 Deferred Compensation Plan Video of explanation offerings. You may decide to start contributing to a 457 deferred compensation account at any time.

For additional information regarding MissionSquare Retirement, please visit their website.