The City of Richmond is committed to providing a rich benefit package for their employees. For information on our plans, please refer to the below links. Additional questions can be directed to our main line at 510-620-6602.
DEFERRED COMPENSATION is a voluntary savings program that allows you to defer any amount, subject to annual limits, from your paycheck on a pre-tax basis. In addition, your contributions and their earnings, if any, can benefit from the power of tax-deferred compounding. What this means is that you don’t pay income taxes on your investments or earnings until you start to take withdrawals, usually in retirement.