Multnomah County 457 Deferred Compensation Plan

Multnomah County is committed to keeping the cost of participation in the Deferred Compensation Plan to a minimum. The County is pleased to announce a reduction in the Plan annual administrative fee and Professional Management Advisory Services effective July 1, 2024. Please read this announcement for more information.

The next transfer installment of the Voya Fixed Account from Plan 666919 to the Stable Value fund in Plan 664680 is scheduled to occur on May 3, 2024. If you are invested in the Voya Fixed Account in Plan 666919, please read this important information about the upcoming transfer:

• Active employee communication
• Retiree communication

Multnomah County offers a diverse investment option menu through the Plan that is designed to accommodate varying risk tolerance levels and asset diversification goals. Effective Wednesday, May 1, 2024, investment options within the Plan are changing names per the direction of the fund company. Please read this communication for more information.

Every year, the IRS announces the latest contribution limits for retirement savings accounts (including employer-sponsored plans and IRAs) and Health Savings and Spending Accounts. This online overview can show how much of your taxable income you can potentially save for retirement.

Sometimes, a question or concern should be addressed with a conversation. If you need to speak to a Multnomah County employee, please contact Luella Wampler, Department of County Management, at (503) 988-0396 or luella.wampler@multco.us.

Need to schedule a meeting with one of our Voya local office representatives? Use our online scheduling system to set your appointment.