In This Issue
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Your Feedback Matters
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The District of Columbia offers you two retirement plans, a 401(a) Retirement Plan and 457(b) Deferred Compensation Plan, to help you build retirement security. We would like to hear your feedback about your experience with ICMA-RC and how we can further enhance these plans for you. We will send an electronic survey to you shortly, and we welcome any comments or suggestions you may have about the plans. An independent consulting firm will collate responses, perform an analysis, and, as such, information will be kept confidential.
We will share highlights of the results with you. Thank you in advance for participating!
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National Retirement Security Week: October 15-21
Take advantage of National Retirement Security Week as an opportunity to review your retirement strategy. Your District of Columbia 401(a) Retirement Plan and Social Security can take you pretty far on your journey to retirement, but your 457(b) Deferred Compensation Plan ("457(b) Plan") can help make the picture complete.
Not enrolled in the 457(b) Plan? Enrolling in your 457(b) Plan is one of the most important things you can do as you begin your retirement story. Even if you start off making a small contribution, saving now can go a long way over time. Go to www.DCRetire.com/Calculators to check out the Cost of Delay calculator and see just how much you need to save!
Already enrolled in the 457(b) Plan? Knowing where you stand as you make your way along your retirement story can make all the difference once it is time to retire. Go to DCRetire.com and log into your account to see if you are on track!
Save more! Your tax-deferred savings can multiply with the power of compound interest. Once you enroll in the 457(b) Plan, watch your savings grow as you work toward reaching the end of your story: RETIREMENT! Go www.DCRetire.com/Calculators check out the Grow Your Savings calculator and see how your savings can add up!
Take Action
- Log into PeopleSoft.
- Under the heading menu, click Self Service, then Benefits.
- Under Benefits Summary, click Section 457.
- Select Edit to change your contribution amount.
- Click Save.
For additional information about National Retirement Security Week, visit www.icmarc.org/retirement-week.
Pizza Parties
Join us for education seminars about building retirement security. Topics include the 401(a) Retirement Plan, the 457(b) Deferred Compensation Plan and Social Security & Civil Services.
- October 17, 10:00 a.m. to 3:00 p.m.; Reeves Center, Edna Cromwell Frazier Community Room
- October 20, 11:00 a.m. to 2:00 p.m. at UMC, Auditorium, Room G057
Ice Cream Social
Celebrate the features of your retirement plan at our upcoming ice cream social. Learn about the retirement options available to you and enroll in the 457(b) Deferred Compensation Plan.
- October 19, 11:00 a.m. to 2:00 p.m.; 1101 4th Street, SW, Room W230
Lobby Events
Meet your local representative to learn more about the District of Columbia 401(a) Retirement and 457(b) Deferred Compensation Plans or discuss services and options that are available to you.
- October 17, 10:30 a.m. to 2:30 p.m.
DC Department of Transportation, 55 M Street, SE, Suite 400
- October 17, 6:00 p.m. to 8:00 p.m.
Office of Unified Communications, 2720 MLK Jr. Avenue, SE
- October 18, 10:00 a.m. to 2:00 p.m.
Department of Employment Services, 4058 Minnesota Avenue, NE
- October 18, 6:00 p.m. to 8:00 p.m.
Office of Unified Communications, 2720 MLK Jr. Avenue, SE
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Carve Out Some Time for Your Retirement
What questions do you have about your retirement accounts and financial goals?
ICMA-RC representatives are available to meet with you about the 401(a) Retirement Plan and 457(b) Deferred Compensation Plan features and your savings goals.
1 5% of your gross salary.
2 2017 annual limit.
3 If age 50 or over.
4 If you qualify for pre-retirement catch-up contributions.
To register for an individual appointment or group seminar at a local service center click the following links:
Register for a group seminar taking place at agency locations around the District. If a seminar is "Open," anyone may attend; if an agency is listed, that session is for employees of that agency only.
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ICMA-RC
777 North Capitol St., NE
8th Floor
Washington, DC 20002
8:30 a.m. to 5:00 p.m.
(
Monday, Tuesday, Thursday and Friday)
8:30 a.m. to 7:00 p.m.
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Wednesday)
202.759.7190
Judiciary Square
441 4th St., NW
Room 340N
Washington DC, 20001
9:00 a.m. to 5:00 p.m.
(Monday-Friday)
202.442.9749
202.442.9640
Call Center
800.669.7400
TDD
800.669.7471
Website
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