Change Contribution Effective Date
To change your contribution amount, you must have a
Empower (formerly Great West Financial) website Login
All changes to Deferred Compensation deduction
amounts are effective the first payroll of the following
month. For example: any changes submitted to
Great-West in the month of December will be effective
the first payroll in January.
Please contact Payroll with any questions:
or 480-644-1122 option 2.
The annual contribution limits for the City of Mesa's
Deferred Compensation Plan are set by the Internal
Revenue Service. When contributing the maximum amount to
deferred compensation, a change form must be completed
each year indicating the amount of your biweekly
To calculate the biweekly deduction, take the annual
limit less the estimated annual City employer contribution.
Divide that total by the number of payrolls in the
Please contact Payroll if you need assistance in the calculation
Payroll@mesaaz.gov or 480-644-1122 option 2.
Please note: Percentage elections are not
suggested when maximizing your deferred compensation.
Compensation Plan Annual
- Employees cannot participate in both the
Catch-Up and the Age 50 Catch-Up provisions at the
- Annual limits cannot exceed a combination of
employee 457 and Roth contributions and any employer contributions.
- Full-time employment, 1 (one) year of service,
and a minimum of $10 contribution to the 457 plan meets employer
Financial) to change a beneficiary.
The effective date for deferred compensation changes is
the first payroll of the following month.
Important: If you have not enrolled with a deferred
compensation provider, there are forms which
must be completed; see Provider List.
To Stop Contributions to the City of Mesa's 457
Deferred Compensation Plan, please contact
Important: If you stop your
contributions to deferred compensation, you will not
receive the City benefit contribution of one-half
percent (.5%) of your base pay. To receive this benefit,
you must contribute a minimum of $10 per pay period.
Financial) if you wish to reduce your contributions.