A 457 plan is a type of non-qualified tax advantaged deferred-compensation retirement plan that is available for governmental and certain non-governmental employers in the United States. The employer provides the plan and the employee defers compensation into it on a pre-tax basis.
The City of Burlington offers two plans to choose from.
- MissionSquare Retirement 457 (formerly ICMA-RC)
- A short video has been provided by MissionSquare here.
- Employee Enrollment and Contribution Form
- Burlington Electric Enrollment and Contribution Form
- Nationwide 457
- IRS 2022 Retirement Plan Contribution and Benefit Limit
Please check with ICMA or Nationwide for specifics about each plan.
