Additional City Benefits
Employer-Paid Death Benefit
All full-time employees receive a Death Benefit of $10,000, of which $5,000 is provided by Standard Insurance Company and the other $5,000 is paid by the City of Memphis.
457(b) Deferred Compensation Plan
Eligibility: All employees may join the plan except:
- Independent contractors
Enrollment: Employees may begin participating in the plan immediately.
- Pre-tax Contributions – Through payroll deduction, you may make pre-tax contributions up to the IRS maximum contribution limit. Traditional pre-tax contributions are deducted from your paycheck before tax calculations occur. You may contribution to the IRS maximum contribution limit. The maximum annual contribution limit for the 2022 calendar year is $20,500.
- Roth Contributions – Through payroll deduction, you may make Roth contributions up to the IRS maximum contribution limit. Roth contributions are deducted from your paycheck on an after-tax basis. The earnings on your Roth contributions grow tax-deferred and such earnings may be distributed tax free if certain conditions are met. Read your Summary Plan Description for more details.
- 50+ catch-up – Employees age 50 or older by the end of the plan year may be able to contribute catch-up contributions. The IRS limit for catch-up contributions is $6,000 for the current plan year. Catch-up contributions will not be considered as catch-up unless the IRS maximum contribution limit has been reached first.
- Pre-Retirement catch-up – The pre-retirement catch-up provision allows you to make additional contributions during the three years prior to, but not including, the year in which you will reach normal retirement age based upon the total amount of contributions what you could have made in prior years, but did not.
Employee Assistance Program (EAP) administered by CONCERN
Did you know the City of Memphis offers EAP services to help you manage quality of life issues? This service is paid by the City and is available to you, your dependents, or household members, even if you are not covered by a City of Memphis medical plan. Short-term professional assistance is available through CONCERN 24/7 by calling 901-458-4000 or 1-800-445-5011.
On-site Total Wellness Center
A service that is totally free for full-time active employees! Become a member of the Total Wellness Center located at 125 North Main on 2B. The center is equipped with weights, power rowers, elliptical machines, treadmills, stair climbers, and much more! You may contact the Wellness Coordinator at 901-636-6574 for enrollment information.
The City of Memphis offers a Tuition Reimbursement Program to assist City employees with the cost of college tuition. The program is applicable to any regular, full-time City of Memphis employee who has completed his/her required initial probationary period. The program considers applications for assistance with tuition and books for Associate, Bachelor, Master, and Doctorate degree programs. The City will also consider applications for assistance with fees and book costs associated with certifications.
Student Loan Reduction Program
The City of Memphis provides student loan debt assistance to employees who have obtained or are in the process of obtaining a degree from an accredited institution, have outstanding loans, and meet program eligibility requirements. To qualify, an employee must be an active, full-time employee for at least 12 months prior to application.
The City of Memphis employees receive a discount by showing their Employee ID badge at the following establishments.