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Chicago Deferred Compensation Plan Template

Chicago Deferred Compensation Plan Template

The Chicago Deferred Compensation Plan is a voluntary retirement savings program for city employees, offering pre-tax contributions and a range of investment options. It helps employees build long-term financial security through personalized investment strategies and deferred taxation benefits.

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Chicago Deferred Compensation Plan form for enrollment, contribution changes or beneficiary updates

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Chicago Deferred Compensation Plan form for enrollment, contribution changes or beneficiary updates page 0

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Used 125 times

Frequently asked questions

The Chicago Deferred Compensation Plan is a retirement savings program that lets eligible city employees defer part of their salary into investments before taxes are applied. Funds grow tax-deferred until they’re withdrawn, typically after retirement.
City of Chicago employees who want to participate in the program, adjust their contributions or request updates like withdrawals or beneficiary changes need to complete and submit the appropriate deferred compensation form.
It is usually submitted by mail, email or through your plan provider’s secure portal. Be sure to follow the instructions provided with the form or contact your HR department for proper submission steps.

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