It’s easy to participate in the City of Chicago 457(b) Deferred Compensation Plan. You can get started right away.
Not ready to sign up yet? Get more info about the City of Chicago deferred comp plan and what your options are first.
Have questions? Give us a call.
If you're not already investing for retirement, it's time to get started. Your pension and Social Security benefits (if applicable), may not provide enough retirement income for you to live the way you want to in retirement.
With your deferred comp plan, you decide when, where and how much to invest. And that’s just the beginning — here are four more reasons why it’s smart to participate in the Plan:
Read more about why Nationwide is right for you.
The sooner you enroll, the more you can save. Take a look at the Enrollment Checklist for tips on what you'll need to have handy and enroll today.
The City of Chicago has selected a wide range of investment options to meet your retirement planning needs.
Keep in mind that investing involves market risk, including possible loss of principal. As you get started in the plan, we’ll help you understand market risk and strategies that may help you deal with it. If you get stuck when choosing which funds are right for you, we offer different levels of assistance so you can get the help you need.
If you get stuck when choosing which funds are right for you, we’re here to help. We offer different levels of assistance so you can get the help you need.
If you want some help along the way, consider our asset allocation funds. They’re targeted towards certain risk profiles, so you’ll determine your risk tolerance and choose the corresponding fund.
If you want to do it on your own, go for it. You can use the Ibbotson Asset Allocation Tool to determine your investor profile and find an asset allocation that’s right for you. Then check out the funds offered through the City of Chicago Plan and their current performance to help you decide. Just remember we’re always here if you have questions.
Talk to a Retirement Specialist about your investment options.
It only takes a few minutes to sign up. Here are some things you'll need:
We can walk you through the enrollment process. If you need help, call one of our Retirement Specialists.
The City of Chicago deferred comp plan is a 457 retirement plan created to allow city employees like you to put aside money from each paycheck toward retirement. The Plan can help bridge the gap between what you have in your pension and Social Security (if applicable), and how much you’ll need in retirement.
Here are some answers to questions you may have about deferred comp plans:
Keep in mind that investing involves market risk including possible loss of principle. As you get started in the Plan, we’ll help you understand market risk and strategies that may help you deal with it.
The sooner you enroll, the more you can potentially save. Take a look at the Enrollment Checklist for tips on information that you'll need to have handy for enrollment and enroll today!
Once you enroll in the City of Chicago Deferred Compensation Plan, you’ll want to set up online access so you can view account details 24/7. We offer convenient, secure account access with encryption and firewall protection.
Here are some things you can do once you have online access to your account:
If you need help setting up online access, we can walk you through it. Talk to one of our Retirement Specialists today.
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