Deferred Compensation

​​​​​​​The 457(b) Deferred Compensation and Roth 457(b) Plan (Plan #940080) offers an additional way for employees to save for retirement. 

If you elect to participate in the 457(b), your designated contribution amount will be deducted from your paycheck on a pre-tax basis.  All contributions are invested into the funds of your choosing.  

​The Deferred Compensation Match Program (Prudential 401(a)  - Plan #940070) ​ 

Oakland County will match dollar-for-dollar, what you contribute to either your 457(b) or Roth 457 (b) up to $500* annually.  (*Some bargaining units may differ.  Please contact Lisa Villella for more information villellal@oakgov.com​ )
Match money goes into your 401(a) plan.


Compare the 457(b) and Roth 457(b):

Understanding Your Contribution Options

​Changing Your Contributions

To increase or decrease your contribution amount or enroll in the plan using a specific whole dollar amount or percentage, please login to your Empower account at ​​www.oaklandcounty.retirepru.com or call 833-OAK-GOV1 (833-625-4681). 

Per IRS rules, a start-up or increase in your 457(b) or Roth 457(b) contributions will not take effect until the first pay of the following month.  Decreases will take effect as soon as administratively feasible, typically the next pay.

To view the most recent quarter fund performance, please click 1st Quarter Fund Performance.

Monitoring Your Funds

To change or view your current funds you must go online or call Empower directly.  
www.oaklandcounty.retirepru.com      |      1-833-OAK-GOV1


 The 2022 maximum amount employees may contribute to the Deferred Compensation Plan is as follows:

2022 Annual Limit    $20,500
2022 Annual Limit for 50 years and older      $27,000