Deferred Compensation

Deferred Compensation 457 Plans

 As a local government, the City of Billings sponsors a 457(b) plan.

This plan is a voluntary supplemental retirement savings program that allows participants to make payroll deduction contributions before taxes, over the 26 pay periods, up to IRS annual limits.

All full-time employees are eligible to participate and enroll at any time during their employment with the City of Billings.

Employees can invest the funds in a vast array of funding options per our plan, to obtain the highest return on your investment.

Fire Union employees vendor is Nationwide:
All other employees vendor is MassMutual: