Deferred Compensation Chicago 2026: Your 457(b) Plan, Limits, and Enrollment
Quick Answer Deferred compensation in Chicago means a Section 457(b) retirement plan offered by government employers. These plans let you set aside pre-tax or Roth dollars from each paycheck to supplement your pension . The City of Chicago, Cook County, the State of Illinois, and the Chicago Transit Authority all run their own 457(b) plans….