City of Seattle Voluntary Deferred Compensation Plan

The Plan’s annual administrative fee is decreasing from 0.09% to 0.08%. This will apply to all participants effective May 2025. As an example of how the fee reduction will impact participants, a person with an account balance of $10,000 will pay an administrative fee of $8 per year instead of $9.

This plan allows all persons identified as an employee under the Seattle Municipal Code to invest in their future by building a retirement savings account using payroll deductions.

Employees in an exempt position or a permanent non-exempt position, may be eligible for a defined benefit plan. Refer to the Pension links on this page for more information.

Interested in Enrolling? All current City employees (regardless of benefits eligibility) can enroll in the Plan. Employees can enroll starting with as little as $10 per paycheck. Get started with these resources:

• New Employee Orientation (7:24 minutes)
• Plan Highlights
• EZ Enroll Form

Leaving City Employment? Employees thinking of leaving City employment can check out these resources to help in decision-making.

• Catch-Up Options
• Nearing Retirement Checklist
• Leaving Employment Checklist

Need Help? Where to Find Us
Employees may access their account information online at www.seattledcp.com. Nationwide representatives can be reached at (855) 550-1757. Representatives are available Monday through Friday, 5 a.m. - 8 p.m. and Saturday, 6 a.m. - 3 p.m PT. Employees may also reach out to one of the Plan's dedicated Education Consultants at (206) 447-1924 or visit them in the Seattle Municipal Tower (SMT), Suite 1635.  The representatives will be working remotely until SMT is fully reopened.

If employees need to contact City of Seattle Deferred Compensation Plan management, please send an email to DeferredCompQuestions@seattle.gov.