Proud partner of The United States Conference of Mayors and provider of the USCM 457(b) Deferred Compensation Program

Your Employees are Concerned about their Financial Security

Financial security is a top concern among workers from all walks of life. City workers relying solely on their pension and Social Security to get them through retirement may discover they’ve come up short when it’s too late to do anything about it.

In fact, studies conducted from 2006 – 2010 by the Center for Retirement Research at Boston College (CRR) and separately by the Employee Benefits Research Institute (EBRI) suggest anywhere from 47% to 62% of U.S. households are “at risk” for not having enough financial resources to maintain their standard of living in retirement. 1, 2

Your Workers are Looking to You for Guidance

As mayor, you can make difference for your workers right now: (1) by making sure your employees are aware of your concern for their financial well-being in retirement, and (2) by providing high quality retirement planning products and services. For more than 30 years, municipal leaders have trusted the USCM 457(b) Deferred Compensation Program to meet that need.

Provided by Nationwide Retirement Solutions — a long-time leader in public employee retirement programs — the USCM 457(b) Deferred Compensation Program lets city employees invest for long-term, tax-deferred growth.

Investing involves market risk, including possible loss of principal.

Unlike other qualified plans, the USCM 457(b) Program participants can access their funds immediately upon severing from employment. Participants pay ordinary income taxes when and as they withdraw from their accounts. Through Nationwide’s ongoing educational efforts and personal service, many city workers see the long-term benefits of continuing to participate in the Program well into retirement.

You Can Look To Nationwide for Plan Education, Support and Service

Nationwide supports cities that sponsor the USCM 457(b) Deferred Compensation Program by offering a comprehensive curriculum of educational workshops and resources that may be provided onsite, one-on-one or online. In addition, your human resource and benefits teams can use our packaged promotional campaigns as is, or tailor them to fit your needs and communications style.

Nationwide brings you tools and resources for dealing with regulatory and fiduciary issues, selecting and monitoring investment options, educating employees about participation and easing the administrative burden of plan sponsorship.

The Program is technology-enabled, so your employees have easier access to their account and to the tools and resources they need to manage it effectively.

The Program is people-focused, giving your employees ongoing access to knowledgeable licensed Retirement Specialists to help them prepare and manage their assets for their long-term financial needs. Information provided by Retirement Specialists is for educational purposes only and is not intended as investment advice.

The Program is success-driven, geared to be an added value for your municipality and its employees.

Learn more about the USCM Deferred Compensation Program

To enroll or talk with a Nationwide Representative about your account, call 877-677-3678 or...

Contact Kathryn Kretschmer-Weyland at The United States Conference of Mayors.
Phone: 301-460-5251
E-Mail: Click here to send Kathryn an e-mail message.

Contact Jeffrey Bean at The United States Conference of Mayors.
Phone: 202-446-8140
E-Mail: Click here to send Jeffrey an e-mail message.

Contact Jeannie Fanning at The United States Conference of Mayors.
Phone: 240-393-9672
E-Mail: Click here to send Jeannie an e-mail message.

Contact Louie Watson, Vice President for Strategic Relationships, at Nationwide.
Phone: 614-854-8895
E-Mail: Click here to send Louie an e-mail message.
Web: Nationwide's Web site.

Sources:
1. “Long-Term Care Costs and the National Retirement Risk Index”; Alicia H. Munnell, Anthony Webb, Francesca Golub-Sass, and Dan Muldoon; Center for Retirement Research at Boston College, Issue Brief #9-07, April 2009.
2. Jack VanDerhei and Craig Copeland, “The EBRI Retirement Readiness Rating:™ Retirement Income Preparation and Future Prospects,” EBRI Issue Brief, no. 344, July 2010.

Nationwide Retirement Solutions (Nationwide) makes payments to The United States Conference of Mayors and its affiliate United States Mayors Enterprises (collectively USCM) for their sponsorship and the services that they perform generally for all their members related to Nationwide’s products and services sold exclusively in public sector retirement markets. More detail about these payments is available at http://www.nrsforu.com.

Nationwide Investment Services Corporation, member FINRA. In MI only: Nationwide Investment Svcs. Corporation.

©2011 Nationwide Retirement Solutions, All Rights Reserved. Nationwide, On Your Side, and the Nationwide framemark are service marks of Nationwide Mutual Insurance Company.

NRW-2718AO-US (02/2011)