Skip to Main Content View Text-Only

The City of Portland, Oregon

Portland, Oregon

Welcome to the official web site of the City of Portland, Oregon

General Information: 503-823-4000


1221 SW 4th Avenue, Room 110, Portland, OR 97204

More Contact Info

5.09.050 Compensation Deferral.

(Amended by Ordinance Nos. 182168, 186746 and 187574, effective February 10, 2016.)

A.  The amount of Compensation which may be deferred by a Participant shall be subject to the following limits:

1.  The minimum amount deferred shall not be less than $10 per pay period per plan election;

2.  The maximum amount of Compensation which may be deferred during a plan year shall not exceed the lesser of the dollar amount provided under IRC sections 457(e)(15) and 415(d).