Deferred Comp

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As part of your benefits package, the City of Fairfield offers a deferred compensation plan and contributes into an account on your behalf (amount depends on your MOU); employee contribution is optional.

Meet your local Empower Representative

Fairfield - Meet your RPA - Jose Anaya Jose Anaya
Lead Retirement Plan Advisor

Jose.Anaya@empower.com
Mobile: 707-292-1448

To set up a one-on-one appointment or find out about upcoming retirement planning seminars, contact Jose at 707-292-1448 or https://joseanaya.empowermytime.com.

Your Lead Retirement Plan Advisor is available to provide you one-on-one counseling with personalized account services at no cost to you, such as:

Enrollment
Contributions
Retirement readiness
Investment choices
Account review
Comparison of retirement plans
Rollovers— Consider all your options and their features and fees before moving money between accounts

If you have any questions regarding the contribution limits, please contact Jose Anaya or the HR Benefits Division at benefits@fairfield.ca.gov.

Manage Your Accounts in One Secure Place

Empower Web Access Laptop

Looking to make contribution changes? You can now make them online via Empower's web portal. For more information on how to register your account, click here.

Need Access On the Go?

Empower Mobile App

Download Empower's mobile app on the Apple App Store or Google Play Store.

Get the industry-leading tools designed to help you map out your financial dreams and take the steps to reach them:

See all your accounts in one place
Check for allocation imbalances
Secure your data with biometric and multi-factor authentication
And much more!

IRS Annual 457 Contribution Limits

City contributions on behalf of the employee count towards the annual maximum contribution limit. If you are making updates to your contribution amounts, please send your contribution change form to benefits@fairfield.ca.gov.

Limits	2026	2025	2024
457
Annual Deferral Limit for 457 Plans	$24,500	$23,500	$23,000
Special 3-Year Catch-Up Limit	Up to $24,500 (Up to $49,000 total)	Up to $23,500 (Up to $47,000 total)	Up to $23,000 (Up to $46,000 total)
Age 50+ Catch-Up Limit	$8,000 ($32,500 total)	$7,500 ($31,000 total)	$7,500 ($30,500 total)
Age 60-63 Catch-Up Limit	$11,250 ($35,750 total)	$11,250 ($34,750 total)	N/A

Regarding the New Age 60-63 Catch-Up Limit

Can I use both the age 50+ and the age 60-63 catch-up contributions if I’m in the 60-63 age range?

No. If you’re aged 60 to 63, the enhanced $11,250 catch-up replaces the standard age 50+ catch-up. You cannot combine them.

What happens after age 63?

Once you turn 64, you revert to the standard age 50+ catch-up limit of $8,000.

Fairfield, CA