Retirement Planning

Defined Benefit Pension Plans
General Employees: Miami Beach Employees Retirement Plan (MBERP)
Fire & Police Sworn Personnel: Fire and Police Pension

401a and 457b Plans

The City of Miami Beach has two administrators available for eligible employees:

MissionSquare
Plan representative: Miguel Hidalgo
mhidalgo@missionsq.org
Contact: 202-759-7075

Nationwide Retirement Solutions
Plan representative: Anthony Steel
steela1@nationwide.com
Contact: 305-972-5161

457b Deferred Compensation Plan Annual Contribution Levels for 2024:

• $23,000 Maximum annual contribution for those under the age of 50
• $30,500 Maximum annual contribution for those at age 50 and above
• $46,000 Maximum annual contribution for those participating in the three (3) year Pre-Retirement catch-up provision. Employees must contact their 457b plan representative in order to participate in this catch-up provision.