Deferred Compensation
- Enrollment and Changes
- What is Deferred Comp?
- Maximum Deferral Limits
- Deferred Comp Committee
- Handbook and Plan Document
- Former Employees
- Voya On-Site Hours
- Contact Voya Financial
Enrollment and Changes
We are excited that you are interested in learning more about participating in the City’s Deferred Comp Plan! Important links and information regarding the Deferred Comp Plan is available below and in the tabs on the left.
Already enrolled in Deferred Comp?
You can easily make changes to your account online by logging in or registering your account at www.voyaretirementplans.com. Click here for details.
Employees choosing to roll their final payouts into their DC account or elect a Catch-up Contribution should complete the DC Catch-up & Rollover Election Form. Contact the Benefits program for more information at BenefitsStaff@eugene-or.gov or 541-682-5062.
Changes are effective in the month following the date the online change or form is completed.
New to Deferred Comp?
You can enroll online by creating an account at enroll.voya.com. If you do not already have the login code please contact the Benefits program at BenefitsStaff@eugene-or.gov or 541-682-5062, or your local Voya representatives at 541-343-6759.
Do you want to meet with a Voya Representative?
If you prefer, you can meet with Voya to enroll in the plan or discuss your fund options by calling Voya’s local office at 541.343.6759.
What is Deferred Compensation?
All regular full-time and part-time employees can participate in the City’s Deferred Compensation Plan. This voluntary supplemental 457(b) retirement program allows you to have part of your salary withheld and invested for payment to you upon retirement or employment separation.
Maximum Deferral Limits
| Year | Regular Deferral Limit | Over 50+ Deferral Limit | Final Three Year Limit |
|---|---|---|---|
| 2020 | $19,500 | $26,000 | $39,000 |
There are 27 pay periods in calendar year 2020. Due to the timing of payroll processing, December 2019 contribution changes will become effective with the second pay period of 2020.
Contribution changes completed through your Voya member account are effective in the next month as soon as administratively possible. This is usually the pay period that includes the first of the month after the change is submitted, but timing may vary due to payroll processing dates.
Deferred Compensation Committee
The Deferred Compensation Committee consists of employees from various departments and labor unions who are appointed by the City Manager. The responsibilities of the committee are outlined in the City of Eugene Deferred Compensation Plan and include overseeing the plan investments.
Handbook and Plan Document
Voya On-Site Hours
Note: Contact your supervisor for approval to attend any meeting times during your regular work hours. Meetings are not considered work time.
Public Works Maintenance - 1820 Roosevelt Blvd. (check in at the front desk)
- First Tuesday of each month, 1:00 p.m. - 5:00 p.m.
Voya Office - 975 Oak St, Suite 410
- Second Tuesday of each month, 1:00 p.m. - 5:00 p.m.
Planning and Development Dept. - Atrium Building - 99 W. 10th, Room 220.
- Third Thursday of each month, 1:00 p.m. - 5:00 p.m.
Local representatives are Elle Brooks/Kim Blackmore - 541-343-6759 Options 1 or 2
Deferred Comp Administrator
Voya Financial is in the process of moving to a new location. Please contact them by phone from May 13th - 17th.