City of Richmond Benefits and Compensation Matrix – Non-Safety Groups
City of Richmond Benefits and Compensation Matrix – Safety Groups
2022 Employee Benefits Overview Guide
2023 Employer and Employee Medical Contribution Rate Sheet
2021/2022 Employee Benefits and Contribution Rate Sheet (All Plans)
Additional Resources and Information:
Medical
Dental
Vision
Group Life Insurance
Deferred Compensation
DEFERRED COMPENSATION is a voluntary savings program that allows you to defer any amount, subject to annual limits, from your paycheck on a pre-tax basis. In addition, your contributions and their earnings, if any, can benefit from the power of tax-deferred compounding. What this means is that you don't pay income taxes on your investments or earnings until you start to take withdrawals, usually in retirement.
| 2022 ANNUAL LIMIT | PER PAY PERIOD AMOUNT |
| CONTRIBUTION LIMIT | $20,500.00 | $854.17 |
| AGE 50 & OVER LIMIT | $27,000.00 | $1,125.00 |
| SPECIAL CATCH-UP | $41,000.00 | $1,708.34 |
