The City Council has authorized the adoption of the Commonwealth of Virginia 457 Deferred Compensation Plan (COV 457), managed by the Virginia Retirement System, as the City's Deferred Compensation Plan subject to the periodic oversight and direction of the Deferred Compensation Board.
Because the City Council has authorized participation in the COV 457 Plan, the supervision of such plan by the board shall be the regular review of the COV 457 Plan to evaluate whether such plan serves the interests of the plan participants.
If you want more information about the COV 457 Plan and the available investments, go directly to the Virginia Retirement System Deferred Compensation Plan page, or call (877) 327-5261.
The current record keeper for the COV 457 Plan is MissionSquare Retirement. Contact the local area specialist at vgleveckas@missionsq.org.
Board Members
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Michael Callan, School Board Member
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David “Hutch” Hutcheson, City Council Board Member
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Aaron McCoy, Virginia Beach Sheriff’s Office
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Letitia Shelton, Director of Finance
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Crystal Pate, Chief Financial Officer, Virginia Beach City Public Schools
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Monica Kopin, Co-Director of Human Resources
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Stacy Hawks, Co-Director of Human Resources/Employee Relations
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Linda Matkins, Director of Benefits
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Diane Portlock, Payroll Administrator