information
Microsoft CrowdStrike technology outage

Some City of Portland systems were impacted. Call 3-1-1 or 503-823-4000 with questions or non-emergency reports. Beware of cyber criminals impersonating CrowdStrike or other tech support. Information for City of Portland employees

5.09.056 Excess Deferrals.

City Code Section

(Added by Ordinance 179417; amended by Ordinances 182168 and 186746, effective August 6, 2014.) 

  1. A Participant who participates in the Plan and another Governmental 457(b) Plan of another employer shall be responsible for complying with the deferral limits.  In the event of an excess amount, the Participant shall notify the Plan Administrator so that the excess and the proportionate earnings on the excess as determined by the Plan Administrator in accordance with IRC Section 457 may be distributed as soon as practicable after the Plan Administrator determines that the amount is an excess deferral.