A financial services company is working with a group of government officials to increase public employees’ participation in deferred compensation plans.

Nationwide Retirement Solutions, an arm of Nationwide Financial Services Inc., Columbus, Ohio, will be running a 2008 Save for Retirement Initiative along with the U.S. Conference of Mayors, Washington.

The initiative will ask big city mayors to sponsor informational workshops to educate city employees about the cities’ deferred comp plans.

The initiative also will ask mayors to pledge to actively promote retirement savings.