News Feed Item

The United States Conference of Mayors(SM) Presents Inaugural Retirement Readiness Award to the City of St. Louis

ST. LOUIS, April 10, 2014 /PRNewswire-USNewswire/ -- The U.S. Conference of Mayors (USCM) and Great West jointly recognized Mayor Francis Slay and the City of St. Louis today at a local awards ceremony honoring the City for offering and participating in a retirement program, which implements positive changes to assist employees in achieving retirement readiness.

U.S. Conference of Mayors.

The "USCM Leadership Award: Leading the Climb to a Bright Financial Future," which recognizes the city's outstanding excellence through education, due diligence, and participation in its supplemental retirement program, was first presented to Mayor Francis Slay and the City of St. Louis during the USCM Winter Meeting in Washington, D.C.  

With a focus on improving the retirement readiness and financial literacy of public employees across America, the USCM created the leadership award with Great West to recognize cities that are implementing important and necessary changes to their retirement programs to achieve more secure retirement outcomes for our Nation's municipal employees.

Mayor Slay accepted the award on behalf of the City of St. Louis and said, "Our responsibilities as a Mayor include making sure we look after and take care of our employees, giving them the best opportunity in their jobs, and helping them with retirement readiness."

Slay said, "I have been thrilled with our relationship with Great-West Financial. It's a great plan, and it's a great organization. They are a new partner of the Conference of Mayors and I'm saying this unsolicited, if you don't have a 457(b) plan or a similar deferred compensation plan in your city, you ought to take a look at one and certainly take a look at Great-West Financial."

According to Tom Cochran, USCM CEO and Executive Director, "Over the last year, the retirement program has focused not only on providing excellent retirement solutions, but on educating cities about meeting their fiduciary responsibilities. The City of St. Louis is the perfect example of leading the way."

In January of 2013, The City of St. Louis implemented a number of significant enhancements to their Deferred Compensation program including:

  • Adding Target Date Funds (TDF) and Advisory Services – 22% of the City of St. Louis employees have 100% of their account balance in either TDFs or Managed Accounts – improving diversification.
  • Taking advantage of the new Roth 457(b) option – The Roth option allows participants to contribute to their Plan on an after tax basis. This provides participants with a possible solution to balance the taxes they may pay on their retirement income.
  • Establishing a new, more conveniently located walk-in plan service center – Participants can call or stop in the service center for assistance on all aspects of their Plan (administration, education about fund choices, training on website and tools, etc.).
  • Reducing the fees participants pay by more than 16% – That is additional money that will stay in participant's hands, allowing them to live the retirement that they have always imagined.

"Great-West Financial is proud to partner with the city, and we are committed to helping their employees reach a bright tomorrow where retirement is only the beginning," said Connie Rettig, Client Relationship Director at Great-West Financial,® as she honored Mayor Slay and the City of St. Louis.

The U.S. Conference of Mayors is the official nonpartisan organization of cities with populations of 30,000 or more. There are nearly 1,400 such cities in the country today, and each city is represented in the Conference by its chief elected official, the mayor. Like us on Facebook at  facebook.com/usmayors, or follow us on Twitter at twitter.com/usmayors.

Great-West Financial® refers to products and services provided by Great-West Life & Annuity Insurance Company (GWL&A), Corporate Headquarters: Greenwood Village, CO, its subsidiaries and affiliates. The U.S. Conference of Mayors is not affiliated with any Great-West Financial Company.  The trademarks, logos, and registered marks used are owned by GWL&A.

Logo - http://photos.prnewswire.com/prnh/20110125/MM36443LOGO

SOURCE The U.S. Conference of Mayors

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
So you think you are a DevOps warrior, huh? Put your money (not really, it’s free) where your metrics are and prove it by taking The Ultimate DevOps Geek Quiz Challenge, sponsored by DevOps Summit. Battle through the set of tough questions created by industry thought leaders to earn your bragging rights and win some cool prizes.
SYS-CON Events announced today that SoftNet Solutions will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. SoftNet Solutions specializes in Enterprise Solutions for Hadoop and Big Data. It offers customers the most open, robust, and value-conscious portfolio of solutions, services, and tools for the shortest route to success with Big Data. The unique differentiator is the ability to architect and ...
A completely new computing platform is on the horizon. They’re called Microservers by some, ARM Servers by others, and sometimes even ARM-based Servers. No matter what you call them, Microservers will have a huge impact on the data center and on server computing in general. Although few people are familiar with Microservers today, their impact will be felt very soon. This is a new category of computing platform that is available today and is predicted to have triple-digit growth rates for some ...
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform and how we integrate our thinking to solve complicated problems. In his session at 19th Cloud Expo, Craig Sproule, CEO of Metavine, will demonstrate how to move beyond today's coding paradigm ...
Fifty billion connected devices and still no winning protocols standards. HTTP, WebSockets, MQTT, and CoAP seem to be leading in the IoT protocol race at the moment but many more protocols are getting introduced on a regular basis. Each protocol has its pros and cons depending on the nature of the communications. Does there really need to be only one protocol to rule them all? Of course not. In his session at @ThingsExpo, Chris Matthieu, co-founder and CTO of Octoblu, walk you through how Oct...
Everyone knows that truly innovative companies learn as they go along, pushing boundaries in response to market changes and demands. What's more of a mystery is how to balance innovation on a fresh platform built from scratch with the legacy tech stack, product suite and customers that continue to serve as the business' foundation. In his General Session at 19th Cloud Expo, Michael Chambliss, Head of Engineering at ReadyTalk, will discuss why and how ReadyTalk diverted from healthy revenue an...
In past @ThingsExpo presentations, Joseph di Paolantonio has explored how various Internet of Things (IoT) and data management and analytics (DMA) solution spaces will come together as sensor analytics ecosystems. This year, in his session at @ThingsExpo, Joseph di Paolantonio from DataArchon, will be adding the numerous Transportation areas, from autonomous vehicles to “Uber for containers.” While IoT data in any one area of Transportation will have a huge impact in that area, combining sensor...
Without lifecycle traceability and visibility across the tool chain, stakeholders from Planning-to-Ops have limited insight and answers to who, what, when, why and how across the DevOps lifecycle. This impacts the ability to deliver high quality software at the needed velocity to drive positive business outcomes. In his general session at @DevOpsSummit at 19th Cloud Expo, Eric Robertson, General Manager at CollabNet, will discuss how customers are able to achieve a level of transparency that e...
SYS-CON Events announced today that Cemware will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Use MATLAB functions by just visiting website mathfreeon.com. MATLAB compatible, freely usable, online platform services. As of October 2016, 80,000 users from 180 countries are enjoying our platform service.
For basic one-to-one voice or video calling solutions, WebRTC has proven to be a very powerful technology. Although WebRTC’s core functionality is to provide secure, real-time p2p media streaming, leveraging native platform features and server-side components brings up new communication capabilities for web and native mobile applications, allowing for advanced multi-user use cases such as video broadcasting, conferencing, and media recording.
The Internet of Things (IoT), in all its myriad manifestations, has great potential. Much of that potential comes from the evolving data management and analytic (DMA) technologies and processes that allow us to gain insight from all of the IoT data that can be generated and gathered. This potential may never be met as those data sets are tied to specific industry verticals and single markets, with no clear way to use IoT data and sensor analytics to fulfill the hype being given the IoT today.
Established in 1998, Calsoft is a leading software product engineering Services Company specializing in Storage, Networking, Virtualization and Cloud business verticals. Calsoft provides End-to-End Product Development, Quality Assurance Sustenance, Solution Engineering and Professional Services expertise to assist customers in achieving their product development and business goals. The company's deep domain knowledge of Storage, Virtualization, Networking and Cloud verticals helps in delivering ...
SYS-CON Events announced today that Enzu will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Enzu’s mission is to be the leading provider of enterprise cloud solutions worldwide. Enzu enables online businesses to use its IT infrastructure to their competitive advantage. By offering a suite of proven hosting and management services, Enzu wants companies to focus on the core of their online busine...
In the next five to ten years, millions, if not billions of things will become smarter. This smartness goes beyond connected things in our homes like the fridge, thermostat and fancy lighting, and into heavily regulated industries including aerospace, pharmaceutical/medical devices and energy. “Smartness” will embed itself within individual products that are part of our daily lives. We will engage with smart products - learning from them, informing them, and communicating with them. Smart produc...
November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Penta Security is a leading vendor for data security solutions, including its encryption solution, D’Amo. By using FPE technology, D’Amo allows for the implementation of encryption technology to sensitive data fields without modification to schema in the database environment. With businesses having their data become increasingly more complicated in their mission-critical applications (such as ERP, CRM, HRM), continued ...