City of Oakland Deferred Compensation Plan

Leaving Employment

Understand your options and make informed decisions about what comes next.

Getting Ready to Retire or Separate from Service

Did you know you can keep your City of Oakland 457 Deferred Compensation Plan long after you separate from service or retire?

You’ll continue to receive benefits, including:

• No cost financial planning access
• Lower investment expenses, on average
• Access to a self-directed brokerage account
• Access to your money before age 59 1/2 without a penalty¹
• Flexible payout options with no taxes until you take withdrawals²

Learn More

• Keeping Your Money in Your City of Oakland 457 Account
• Watch Video - MissionSquare Will Continue to Work for You

 Schedule an individual consultation with Nancy Agaiby, your MissionSquare Retirement Plans Specialist, to discuss your options and how to stay on track to meet your retirement goals.

¹Withdrawals may begin after separation of service. You lose this automatic exemption if you move to another type of retirement account.

²Applies to all 457 plan contributions and associated earnings.