PENSION PLAN FOR NON-UNIFORMED EMPLOYEES
North Little Rock City employees contribute a mandatory five percent (5.25%) of their wages each pay period to their share of the Retirement System of the City of North Little Rock. This contribution cannot be canceled and remains in effect as long as you are employed with the City.
In addition, the City contributes the equivalent of 12.35% of your wages to the pension plan.
For more details on the City of North Little Rock Non-Uniformed Pension plan, please see this brochure which you may download and print, if you prefer.
If you need to change your pension beneficiary, please fill out this form and return it to your payroll clerk.
Use this Pension Calculator to estimate the monthly pension benefit you would receive at the retirement age you specify.
To check the exact balance of your pension account, please contact the Human Resources department.
Julie Fisher, Human Resources, Chief Administrator/Benefits Manager, 501-906-6302
PENSION PLAN FOR UNIFORMED EMPLOYEES (LOPFI)
Pensions for uniformed employees are administered by LOPFI, the Arkansas Local Police and Fire Retirement System.
Essential information for current and retired uniformed employees is available at the LOPFI website.
Betty Anderson, Human Resources Director, 501-975-8855
VOLUNTARY DEFERRED COMPENSATION (457) RETIREMENT SAVINGS PLANS
A 457 deferred compensation plan is a retirement savings plan that allows public employees to set aside money from each paycheck pre-tax for retirement.
A 457 plan can help you:
- Bridge the gap between your retirement income needs and what you will get from your pension and Social Security
- Make all contributions pre-tax
- Grow your savings tax-deferred, meaning you don’t pay taxes until you start to make withdrawals, typically in retirement
- Create a long-term investment strategy
The City of North Little Rock works with two different deferred compensation plan providers: Nationwide Retirement Solutions and the Arkansas Diamond Deferred Compensation Plan.
Click here for informative webinars offering information on a variety of financial wellness and retirement readiness topics.
Nationwide Retirement Solutions, Jillian Russell 405-642-5387 or email@example.com
Arkansas Diamond Deferred Compensation Plan, Cheryl Daughenbaugh, 501-301-9900 or Cheryl.Daughenbaugh@stephens.com