Eligibility
All permanent and limited term employees are eligible to defer their compensation.
Deferral amounts
- Participants may select a percentage of their salary or a specific dollar amount to defer from each paycheck.
- There is no minimum contribution amount. Contribution limits are set by the IRS.
Enrollment and deferral adjustments
When opening a deferral account or if you make a change to your deferral amount, the requested payroll change will take effect at the beginning of the following month.
Deferred compensation EZ enrollment form
Plan benefits
- New enrollment
- Account review
- Retirement planning
- PERS and OPSRP benefits and paperwork
Loans
Active participants may borrow from their deferred compensation plan account.
You may request a general purpose or residential loan.
Loan amounts start at $1000. The maximum loan amount is $50,000 or 50% of your vested account balance. There is a one-time set up fee of $50.
More about loans and repayment requirements
For more information, contact our VOYA representative:
Melinda R. Lewis, CFS
Financial Adviser
200 SW Market Street, Suite 1700
Portland, OR 97201
503-937-0378
800-238-6281
deferredcomp@lewis-stefani.com
gresham.beready2retire.com
Phone and video chat appointments with Melinda can be scheduled online.
To schedule an appointment, visit https://go.oncehub.com/CityofGresham