Join the 457 Plan
Your City of Oakland 457 Deferred Compensation Plan can help you reach your financial goals. Start saving today.
Need help getting started? Contact Patrick O’Marah, Retirement Plans Specialist at 202-759-7277 or pomarah@missionsq.org.
Schedule an individual consultation
Get rewarded. Start benefiting from your plan.
- Retirement income supplemental to your pension and social security
- Choice of how your savings is invested
- Save automatically from each paycheck
- Online account management
- Tax-deferred compounding of interest to save on taxes now
- Roth (after-tax) contribution option to save on taxes later
- Friendly, knowledgeable representative who provides free assistance and guidance
Don't delay. Waiting can cost you.
The sooner you start saving, the more time you have to contribute and build earnings on your savings. Contributions and earnings can really add up over time. For example, if you contribute $50 per paycheck from age 25 until age 65, your balance is likely to be much higher than if you started saving at age 55. When you start later, you need to save even more, just to catch-up. Our Cost of Delay calculator will show you how much more you'd need to save, or how much less your account might be worth, if you delay enrolling.
Once enrolled, you can:
- Manage your account online or with the MissionSquare Retirement mobile app.
- Discuss your retirement goals with your local Retirement Plans Specialist.
- For a more holistic view when facing a major financial decision, consultations with a CERTIFIED FINANCIAL PLANNERTM are also available.
