Pension

pension main 2015The City of Memphis provides three pension plans for full-time employees:

  • The Defined Benefit Plan for participating retirees and current full-time employees (both general and police/fire employees).
  • The Hybrid Plan for participating full-time employees (both general and police/fire employees) with less than 7.5 consecutive years of service as of June 30, 2016 and all employees hired after June 30, 2016.
  • The Social Security Plan for participating AFSCME Solid Waste Employees
  • Deferred Compensation Plan (457 B Plan), a supplemental retirement plan established in accordance with section 457(b) of the Internal Revenue Code that allows employees to save money on tax-deferred basis.  For more information on the Deferred Compensation Plan, CLICK HERE or call 901.585.7147 (in Memphis) and 1.800.743.5274 (toll-free).

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