Changes To Contribution Amounts For Deferred
Compensation Plan
Any changes you would like to make to your salary deferral election
for the 457 Plan can be done online by logging on to www.stlouis457.com
or by calling KeyTalk toll-free at (800) 701-8255, option 1.1
This new functionality allows you to increase, decrease, reinstate
or suspend your deferrals to the 457 Plan. Employees can schedule
changes up to six months in advance.
To be in compliance with IRS Code Section 457(b)(4) and the
City of St. Louis Public Employees 457 Deferred Compensation
Plan Document, salary deferral changes will not take effect until
the month following the month in which they are submitted. For
example, a change submitted in November will not take place until
the first pay period in December. However, payroll needs to have
all changes submitted a minimum of seven days prior to the next
pay period.
For more information, contact your local Great-West Retirement
Services office at 314-241-1334.
Personnel Department
City of St. Louis
Personnel
Department web site
