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Retirement Plans

Your ability to retire is very import to the city, and to make sure your retirement years are successful, the city offers a full range of benefits.
In order for you to have enough resources in retirement, the city provides three different retirement options.
  • Denver Employee's Retirement Plan (DERP)
  • Social Security
  • Deferred compensation (or 457 Plan)

All permanent employees are automatically enrolled in the Denver Employee's Retirement Plan (DERP), also known as the Plan. The Plan is a pension plan which provides a lifetime monthly retirement benefit for all vested City Employees.
In general, you are eligible to receive these benefits after 5 years of continuous service and upon reaching the age of 65. The benefit varies based on your salary and length of service.
As of January, 2014, the City and County of Denver and DHHA contribute 11.2% of the employee’s total gross salary to the trust fund, and the employee contributes 7.3% of his or her total gross salary. Employee contributions are made on a pre-tax basis through payroll deductions. 

The lifetime monthly benefit you will receive from the Plan is intended to provide a portion of your retirement income. Please visit to read more about the Plan. 

Social Security
Both you and the City contribute to Social Security. The benefit for social security varies.  Visit for more information. 



Deferred Compensation (457 Plan)   

**As of January 1, 2014, all City employee deferred compensation accounts were automatically transferred from the 2013 providers (Mass Mutual and ICMA) to the City's new provider, TIAA-CREF. To learn more about this transition please see this Transition Guide.


The deferred compensation plan, or 457 plan, is the City’s voluntary retirement savings plan (similar to a 401(k) plan in the private sector). Deferred compensation is a way for you to set aside money via payroll deduction on a pre-tax basis to save for retirement and defer (or delay) paying any taxes on the money you invest, as well as, any earnings from those investments. You may also contribute the 457 plan after tax as a Roth.


Unlike some 401(k) plans, the City does not match employee 457 plan contributions.


Investing in a 457 plan for your future happens through payroll deductions. You decide how much to contribute and can contribute as little as $10 per check or up to 100% of your total pre-tax pay. However, your contributions cannot exceed the annual contribution limits.

2014 Annual Contribution Limits:

  • Under 50: $17,500
  • 50 catch-up: $23,000
  • Pre-retirement Catch-up: $35,000
Some of the benefits of investing in a 457 plan are:
  • the pre-tax deductions lower your taxable income
  • you are taxed on this money when you retire and are more likely to be in a lower tax bracket
  • the convenience of automatic payroll deductions
  • Unlike a 401(k) or 403(b), there is no 10% penalty for withdrawal before the age of 59 1/2 (although the withdrawal is subject to ordinary income taxation). This means you have immediate access to the funds if you leave the City for any reason.
  • You may enroll, increase, decrease your contributions at any time.

For more information on the City's 457 Deferred Compensation Plan, please visit the Deferred Compensation Committee webpage.

To change your deferral, please use the TIAA-CREF Salary Deferral Agreement Form


Please forward completed forms to OHR Benefits for processing.  You may send completed forms by scan to, fax to (720) 913-5548 or through interoffice mail: OHR Benefits, Webb Bldg., Dept. 412.

Contact Us
Benefits questions? 
Call 720-913-5697 or email