Human Resources
THE CITY OF DULUTH, MINNESOTA

Deferred Compensation

As a City of Duluth employee, you can participate in a 457 Deferred Compensation plan.  Under a deferred compensation plan, you can make pre-tax contributions bi-weekly through payroll deduction into a variety of investment options to save for retirement.  By setting aside a portion of your income to accumulate on a tax-deferred basis, you pay fewer tax dollars now, and your savings and investment earnings accumulate tax-deferred until you start drawing from the plan at retirement.  The City of Duluth offers four deferred compensation plans to choose from.

All four plans offer a wide range of investment options, each designed to pursue a different investment objective.  Contact a plan representative or the Human Resources office for:

  • Information describing the plan and its options.
  • Prospectuses describing individual investments and their history.
  • Help with enrollment and enrollment or change forms.
  • Catch-up contribution rules.
  • Hardship withdrawal information.
  • Distribution upon termination information.

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Deferred Compensation Plan Comparison & Forms:

Shannon Jorgenson
City Hall, Room 313
411 West First Street
Duluth, MN 55802

[  CONTACT  ]

Keely Downs
(218) 730-5197

[  CONTACT  ]

Leighann Severance
(218) 730-5213

[  CONTACT  ]

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