no-image
true
City of Long Beach Deferred Compensation Plan
Roth Contributions
We are excited to announce that your 457(b) Deferred Compensation Plan now offers Roth (after-tax) contributions. You can start making Roth contributions in your 457(b) plan today, regardless of your age or income. Log in to LifeViewHR with your City-issued computer to update your contribution elections.
true
Benefits of Roth Contributions
default
blue-bart-background
4-3
true
Tax-Free Withdrawals
Withdraw contributions and earnings tax-free in retirement if you're over 59½ and five years have passed since Jan.1 of the year of your first Roth contribution.
false
Tax Planning Flexibility
Having both pre-tax and Roth assets as sources of retirement income creates additional flexibility when you are managing tax liabilities in retirement.
false
Age-Based Catch-Up Contributions
Starting in 2026, employees age 50 and older who earned over $150,000 in Social Security wages in the prior year may elect to make catch-up contributions. If they do, those contributions must be made on a Roth basis.
fragment-block-start
single-column
fragment-block-end
fragment-block-start
single-column
fragment-block-end