Retirement Plan

Press Enter to show all options, press Tab go to next option

457(b) Deferred Compensation Plan

The deferred compensation plan is designed to allow City employees to voluntarily supplement their retirement savings through the deferral of income on a before-tax basis.

401(a) Defined Contribution Plan

The defined contribution plan allows the City to contribute on behalf of their employees and/or match contributions employees make to their deferred compensation accounts.

Pre-Tax Contributions

Employees may contribute through payroll deduction up to one-hundred percent (100%) of eligible compensation to an elective contribution account on a before-tax basis, up to the IRS limit. Contributions must be made in one percent (1%) increments.

City of Winder’s Contributions

The City of Winder’s Basic Contribution (B.C.) – Each pay period the City will automatically contribute an amount equal to three percent (3%) of the employee’s eligible compensation. Even if the employee chooses not to contribute on their own.

City Matching Contributions (M.C.) – If the employee makes a contribution (before-tax) the City will match the contribution dollar for dollar up to the first three percent (3%).

Employee contribution of 3% + Winder’s B.C. of 3% + Winder’s M.C. of 3%

Vesting Schedule

Employee Contribution

Winder’s Basic

Winder’s Matching Contribution

100% Vested Immediately: Contributions and earnings will always belong to the employee.


100% Vested after 3 years of employment: If the employee terminates employment before completing 3 years of employment, the employee will forfeit the contributions and earnings in this account based on 1/3 per year.

100% Vested Immediately: Contributions and earnings will always belong to the employee.

Both the employee’s and City’s portion.

The Defined Contribution and Deferred Compensation Retirement Plans are offered to ALL Full-Time Employees after they have completed 90 consecutive days of employment.

Employees may want to consult a tax advisor to evaluate any special tax considerations that may apply before any rollover into the City’s plan.