Our department manages the financial responsibilities for the State of Florida. 0000005099 00000 n Contact Home Contacts CONTACTS BUREAU OF DEFERRED COMPENSATION Monday - Friday | 8:00AM - 5:00PM (EST) Toll-Free: 877-299-8002 Fax: 850-488-7186 200 East Gaines Street Tallahassee, FL 32399 [email protected] MARKETING AND COMMUNICATIONS [email protected] SPECIAL DISTRICTS [email protected] 0000419133 00000 n Nationwide may receive payments from mutual funds or their affiliates in connection with certain investment options. Forms - Deferred Compensation 0000041612 00000 n What is it? Other sites: Plan Sponsor Nationwide Retirement Solutions and Nationwide Life Insurance Company (collectively "Nationwide") have trademark and . The answer depends a lot on you. 200 East Gaines Street, Tallahassee, FL 32399, Copyright 2023 Florida Department of Financial Services, Publications, Administrative Documents, and Forms, View Investment Provider Representatives by Region. *Agencies can request printed copies of the Plan Brochure at:[email protected]. Nationwide is here to help you every step of the way. Since its inception in 1980, the National Association of Counties Deferred Compensation Program has become the largest supplemental retirement income program available to county employees. DEFERRED COMPENSATION PLAN - Florida Department of Management Services %PDF-1.3 % 2023 COLA limits. Applications can be completed online at nrsforu.com/scholarship beginning April 1. The Solutions Center will remain closed on Tuesday, July 4 and will reopen at 8 a.m. PO Box 182797, Columbus, OH 43218-2797. DC-3106 (1/20) For help, please call 877-677-3678 nrsforu.com Page 3 of 4 Tax Withholding Click here to read more about the opportunity and how you can apply. Online Retirement Plan Enrollment Forms - Nationwide The primary purpose of the Deferred Compensation Plan is to supplement your retirement income by voluntarily saving and investing a portion of your paycheck dollars. For changes to your account, go to your Investment Provider's website and log in using the ID and password you created for that Investment Provider. hb```e``"33 ?PcCCHrl4q^p}r\qGel R)HKX$A.Fv*s. 402 (f) special tax notice (PDF) Review this form for information regarding special tax information for plan payments. Are you the parent, grandparent or legal guardian of a high school senior? Our department manages the financial responsibilities for the State of Florida. Nationwide Retirement Solutions and Nationwide Life Insurance Company (collectively "Nationwide") have trademark and licensing services relationships with the National Association of Counties, the International Association of Fire Fighters-Financial Corporation, the United States Conference of Mayors and the National Association of Police Organizations. Retire. 0000031716 00000 n PDF You may have a better way to save for retirement. Plan | Plan. Save. Retire. | MyFloridaCFO - Florida Department of State of Florida 457 Deferred Compensation Plan Nationwide Retirement Solutions and Nationwide Life Insurance Company (collectively "Nationwide") have endorsement relationships with the National Association of Counties, the International Association of Fire Fighters-Financial Corporation, the United States Conference of Mayors and the National Association of Police Organizations. If you would like to stop your deferrals please contact customer service at 1-877-677-3678. Retirement Specialists provide information for educational purposes only. On Monday, July 3 the New York Stock Exchange ("NYSE") and the Solutions Center will close at 1 p.m. startxref 0000026554 00000 n Applications can be completed online at. It is not intended as investment, legal, or accounting advice. Nationwide may receive payments from mutual funds or their affiliates in connection with certain investment options. By Mail: Nationwide Retirement Solutions. 0000002061 00000 n 457(b) plan - Corebridge Financial A 457 plan is a type of tax-advantaged retirement savings plan offered by governmental employers in the United States. BUREAU OF DEFERRED COMPENSATIONMonday Friday | 8:00AM 5:00PM (EST)Toll-Free:877-299-8002Fax: 850-488-7186200 East Gaines StreetTallahassee, FL [email protected], MARKETING AND [email protected], SPECIAL [email protected]. ET in observance of the Independence Day holiday. Many university employees have found that the State of Florida Deferred Compensation Plan offered through Nationwide is a smart way to save for retirement, even if you're contributing to a 403(b) plan. This information is not meant to be used as investment advice. 2. Privacy and security Qualified retirement plans, deferred compensation plans and individual retirement accounts are all different, including fees and when you can access funds. The Special Districts Booklet* is an annual publication created specifically for special districts interested in joining the Florida Deferred Compensation Plan. Choose to make a one-time withdrawal, provided your account balance is $5,000 or less, you have not deferred money into the Program for at least two years and no prior withdrawals of this type have been made You may receive payments monthly, quarterly, semiannually or annually. 0000032329 00000 n man talking on a mobile phone and looking at his watch, International Association of Fire Fighters-Financial Corporation, National Association of Police Organizations. For more than 40 years,Nationwidehas helped public sector employees prepare for and live in retirement. International Association of Fire Fighters-Financial Corporation, National Association of Police Organizations. 0000000896 00000 n 0000006670 00000 n 0000026975 00000 n Income from this plan, when combined with other sources of retirement income, can help provide you with what you'll need during retirement. Publications, Administrative Documents, and Forms | Deferred 0000001588 00000 n The State of Florida Deferred Compensation Plan is an excellent way to help accumulate money for your retirement. 0000011437 00000 n 0000433819 00000 n Additional forms are available once you log in to your account. Key Benefits of the Plan Easy to understand fee structure Penalty-free withdrawals after separation from employment Lower current taxable income through automatic pretax payroll contribution Excellent investment options, including Fixed Accounts, Target Date Funds, and numerous Mutual Funds 0 The application and entry must be submitted online at, Parents, grandparents or legal guardians should talk to their eligible high school seniors about applying right away. 0000011075 00000 n <]/Prev 441769>> Accessibility. 0000048368 00000 n View a comparison of the various products, fees, and investment items. 200 East Gaines Street, Tallahassee, FL 32399, Copyright 2023 Florida Department of Financial Services, Publications, Administrative Documents, and Forms. The Plan Brochure* is a publication that offers high-level Florida Deferred Compensation Plan information. PDF Frequently Asked Questions - Florida Department of Financial Services Make sure your beneficiary designations are up-to-date by filling out and submitting a scanned Participant Action Form to [email protected]. For changes to your account, go to your Investment Provider's website and log in using the ID and password you created for that Investment Provider. Also, 0000426841 00000 n services of a competent professional should be sought. Through a partnership with NACo, Nationwide Retirement Solutions (NRS), and FAC, Florida counties can offer employees access to this premier . 0000025486 00000 n ET in observance of the Independence Day holiday. Eligibility to Withdraw Funds . Pre-tax contributions to the Plan are made automatically through payroll deduction, which can help to lower your current taxable income. Some forms must be requested from the Bureau of Deferred Compensation or the Investment Provider (s): Corebridge, Nationwide, and/or Voya. Additional forms are available once you log in to your account. The Enrollment Brochure* offers basic information about enrolling** in the Florida Deferred Compensation Plan and gives an overview of retirement programs available to different types of State of Florida employees. Update your browser for a better experience. We provide innovativewebinarspresented by Floridas salaried and non-commissioned Retirement Specialists who meet employees and Participants when, where, and how they want to meet. This document is also located in the Enrollment Brochure (online). Were a Fortune County Population and General Information, Presidential Select Committee on Preemption, Governors Proposed Budget Analysis State Fiscal Year 23-24. Scholarships will be awarded in the fall of 2023. This document lists the current Florida Deferred Compensation Plan Advisory Council members. 0000001525 00000 n 0000416664 00000 n Access My Plan - Miami Dade 457 Rollover and transfer funds. 0000045111 00000 n Nationwide Retirement Solutions and Nationwide Life Insurance Company (collectively "Nationwide") have endorsement relationships with the National Association of Counties, the International Association of Fire Fighters-Financial Corporation, the United States Conference of Mayors and the National Association of Police Organizations. Selecting to stop contributions will require the completion of a new participation agreement to restart your contributions to the deferred compensation plan. Nationwide has been a proud Investment Provider of the Florida Deferred Compensation Plan since 1982. There isn't an additional 10% early withdrawal tax, although withdrawals are subject to ordinary income taxes 1 There's a withdrawal option for unforeseen emergencies that meet certain legal criteria, if all other financial resources are exhausted Distributions are available in a lump sum, annual installments or as an annuity With the Florida Deferred Compensation ET on Wednesday, July 5. This information is not meant to be used as investment advice. trailer 0000019846 00000 n Nationwide Retirement Solutions | Deferred Compensation | MyFloridaCFO Nationwide Retirement Solutions and Nationwide Life Insurance Company (collectively "Nationwide") have trademark and licensing services relationships with the National Association of Counties, the International Association of Fire Fighters-Financial Corporation, the United States Conference of Mayors and the National Association of Police Organizations. Taxpayer funds were not used to produce or mail these materials. services of a competent professional should be sought. 0000022714 00000 n 0000023087 00000 n 0000002395 00000 n The Florida Deferred Compensation Plan received the 2022 NAGDCA Leadership Recognition Award in the 'Technology, Interactive Multimedia, & Cybersecurity' category for this page and its campaign. An NQDC has more flexibility in the withdrawal rules than a 401 (k), Fidelity says. Nationwide Retirement Plans - Deferred Compensation 0000009263 00000 n 0000434894 00000 n Nationwide has been a proud Investment Provider of the Florida Deferred Compensation Plan since 1982. Participants with multiple Investment Providers will need to submit PAFs for each account. *Consider increasing contributions online: This legal document outlines the details of the Florida Deferred Compensation Plan. Plan, you could pay less in taxes, save to offset rising healthcare costs, and fill the gap if Social Security and your pension falls short. or call800-949-4457. Our department manages the financial responsibilities for the State of Florida. 0000002373 00000 n Our seven salaried, non-commissioned, and local field Retirement Specialists, Internal phone-based Retirement Specialists, and our Call Center representatives focus on Floridas employees and the Deferred Compensation Plan. 457(b) Deferred Compensation Retirement Plans (Ultimate Guide) It is not intended as investment, legal, or accounting advice. W-4R (PDF) To provide federal tax withholding direction for all withdrawal requests except systematic distributions lasting more than 10 years. 0000003055 00000 n Then, send the completed and signed PAF to the Bureau of Deferred Compensation via email ([email protected]), fax, or mail. Check out the benefits of rolling them into one. Review this form for information regarding special tax information for plan payments. 0000031201 00000 n Retirement Plans - Rollovers - Nationwide If investment advice or other expert assistance is required, the Learn more about these payments. The EZ Enrollment Form* can be faxed or mailed to the Bureau of Deferred Compensation to enroll in the Florida Deferred Compensation Plan. Learn more about these payments. Why should I enroll? 1-888-324-5433. 0000002831 00000 n 0000427343 00000 n Participants should pay special attention to the "Instructions for Unforeseeable Emergency Withdrawal" (Page 1). 0000007397 00000 n Accessibility, Review this form for information regarding special tax information for plan payments, Coronavirus-related distribution repayment incoming assets, International Association of Fire Fighters-Financial Corporation, National Association of Police Organizations. 0000434582 00000 n *Current Participants and eligible employees can request printed copies of the Plan Watch Booklet by sending their name and mailing address to:[email protected]. Applicants must enroll in a full-time undergraduate course of study no later than the autumn term of the 2023-2024 school year at an accredited Trade School or two or four-year college. 0000419573 00000 n Deferred Compensation Plan | State of Florida 457 Deferred Compensation Parents, grandparents or legal guardians should talk to their eligible high school seniors about applying right away. PDF Fund Withdrawal and Payout Options Withdrawing funds *Taxes will be due upon the withdrawal of funds. Retirement Specialists provide information for educational purposes only. For the best website experience, please use Chrome, Firefox or Microsoft Edge. Find your employer's plan Search by state to find your employer-sponsored deferred compensation plan administered by Nationwide Retirement Solutions. Nationwide Retirement Solutions and Nationwide Life Insurance Company (collectively "Nationwide") have trademark and licensing services relationships with the National Association of Counties, the International Association of Fire Fighters-Financial Corporation, the United States Conference of Mayors and the National Association of Police Organizations. Privacy and security Access My Plan - Deferred Compensation 0000018547 00000 n FORMS. Nationwide Retirement Solutions and Nationwide Life Insurance Company (collectively "Nationwide") have trademark and licensing servicesrelationships with the National Association of Counties, the International Association of Fire Fighters-Financial Corporation, the United States Conference of Mayors and the National Association of Police Organizations. As part of our enhanced security, we no longer support Internet Explorer (IE). Easy to understand fee structure Penalty-free withdrawals after separation from employment Lower current taxable income through automatic pre-tax payroll contribution Excellent investment options, including Fixed Accounts, Target Date Funds, and numerous Mutual Funds 0000015199 00000 n 0000000016 00000 n 0000027383 00000 n You don't have to wait until 59 1/2 to start taking withdrawals. The applicants parent, grandparent or legal guardian must be enrolled in and have a current employee funded 457(b) Plan offered through the NACo Deferred Compensation Program. 52% of households are at risk of not having enough to maintain their living standards in retirement (National Retirement Index, Center for Retirement Research at Boston College, 9/2016). Severance From Employment When you retire or leave your job for any reason, you're permitted to make withdrawals from your 457 plan. Deferred Compensation - Miami-Dade County 0000023949 00000 n State of Florida Deferred Compensation Plan The NYSE will be closed on Tuesday, July 4. To stay logged in, select the Continue button below. Schedule appointment Independence Day On Monday, July 3 the New York Stock Exchange ("NYSE") and the Solutions Center will close at 1 p.m. If you have an active account funded by employee dollars to a 457(b) Plan offered through the NACo Deferred Compensation Program, your student is eligible to apply for one of four $2,500 college scholarships. 0000037105 00000 n Learn more atNRSFlorida.com(Ahora disponible en espaol) ET in observance of the Independence Day holiday. If investment advice or other expert assistance is required, the Nationwide Retirement Solutions - Florida Association of Counties Arizona State Retirement System The State of Arizona Maricopa County City of Mesa Fire/Medical 457 (b) and 401 (a) Plan City of Phoenix Public Safety Personnel Retirement System City of Scottsdale Contributing to the Deferred Compensation Plan can help you save at a comfortable pace to create a greater benefit for you in retirement. Although published annually, the Plan Watch Booklet is updated each quarter with the newest "Quarterly Performance Report"an updated comparison of the various investment options available to Plan Participants. Independence Day. This income will be in addition to the benefits you are expecting to receive from the Florida Retirement System (FRS) and the Social Security Administration (SSA). 0000434253 00000 n And what visions you have for retirement. Learn more about these payments. Read the participant notice to understand the changes as well as what action, if any, you need to take. Retirement Specialists are Registered Representatives of Nationwide Investment Services Corporation, member FINRA, Columbus, Ohio. 0000036698 00000 n 0000002942 00000 n The primary purpose is to help you establish a sum of money from which you may withdraw, helping to supplement your retirement income. Immediate family members of NACo employees, members of the NACo Defined Contribution and Retirement Advisory Committee or its governing board of directors, staff of individual state Association of Counties that are members of the LLC and Nationwide employees are not eligible to apply; this program is not offered outside the United States. The Solutions Center will remain closed on Tuesday, July 4 and will reopen at 8 a.m. Deferred Comp Enrollment Form ; 457(b) EZ Enrollment Form; Beneficiary Form Access My Plan - Deferred Compensation How do I invest my money? To find out what might work for you: Use My Interactive Retirement Planner Online enrollment help Important market risk & investing information Investment selection options Ready to enroll? Consolidate your accounts Managing multiple retirement accounts can become overwhelming. The NYSE will be closed on Tuesday, July 4. Save. ET on Wednesday, July 5. You may find the Nationwide Plan offers significant advantages, such as: No withdrawal penalty Website Tallahassee Toll Free [email protected] www.MyFloridaDeferredComp.com 850-413-3162 1-877-299-8002 What is "Deferred Compensation"? Download, print, sign and email a scanned image of the form to [email protected], Request a Deferred Compensation account distribution. Terms and conditions 0000040748 00000 n This document answers Frequently Asked Questions about the Florida Deferred Compensation Plan. 0000419427 00000 n Log into your account or contact Nationwide if you want to withdraw or rollover your funds. It is named after Section 457 of the U.S. Internal Revenue Code and allows employees to set aside a portion of their salary into an account that is exempt from federal income taxes until it is withdrawn at retirement. 0000419940 00000 n %%EOF DeKalb County, GA Deferred Compensation Plan This website is intended to provide information about the State of Florida's Government Employees Deferred Compensation Plan. Florida Deferred Compensation Plan / Financial Future | MyBenefits Accessibility. 0000028999 00000 n 0000001769 00000 n 0000031106 00000 n 0000420443 00000 n Please enable JavaScript before continuing. Other sites: Plan Sponsor Nationwide Retirement Solutions and Nationwide Life Insurance Company (collectively . 0000434812 00000 n This information is not meant to be used as investment advice. 0000026181 00000 n The NYSE will be closed on Tuesday, July 4. 0000022980 00000 n You can choose between two providers: MissionSquare Retirement (formerly ICMA-RC) Give yourself the gift of financial wellness National Association of Counties (NACo), administered by Nationwide Retirement Solutions (NRS) Saving for retirement made easier 0000044621 00000 n *Special District employers can request printed copies of the Special Districts Booklet by contacting the Operations Review Specialist, Kimberly Gillard, at:[email protected]. The Department of Financial Services has an established this Investment Policy for Product Selection and Retention (IPPSR) that establishes the investment standards for the Florida Deferred Compensation Plan, adopts criteria for the selection and retention of Plan investment options, and provides a method for the quarterly evaluation and monitoring of the investment options. ET on Wednesday, July 5. ET in observance of the Independence Day holiday. You'll have to make mandatory withdrawals after age 70 , and your beneficiary can withdraw money from the plan upon your death. The NYSE will be closed on Tuesday, July 4. 0000025058 00000 n Nationwide offers a 457 Deferred Compensation Loan Program. 0000010642 00000 n It alsooutlines the Florida Statute that defines the Florida Deferred Compensation Plan's Advisory Council and showcases how the council is appointed. Forms - Deferred Compensation On Monday, July 3 the New York Stock Exchange ("NYSE") and the Solutions Center will close at 1 p.m. 11 0 obj <> endobj The Plan Watch Booklet* is an annual publication that is a comprehensive source of Florida Deferred Compensation Plan information. 0000001406 00000 n 0000016816 00000 n trailer<]>> startxref 0 %%EOF 22 0 obj <> endobj 75 0 obj <. Download the My Retirement app for easy access to your retirement plan. 0000420525 00000 n The application and entry must be submitted online at nrsforu.com/scholarship between April 1 and May 31, 2023. Terms and conditions Exchange orders received on or after . When Can You Withdraw From a 457 Deferred Compensation Plan? - The Nest Jul. 0000044708 00000 n 0000023499 00000 n 0000420212 00000 n Nationwide Retirement Solutions and Nationwide Life Insurance Company (collectively "Nationwide") have trademark and licensing servicesrelationships with the National Association of Counties, the International Association of Fire Fighters-Financial Corporation, the United States Conference of Mayors and the National Association of Police Organizations. County of San Diego Deferred Compensation logo with text that reads A Bridge To Your Retirement. We provide innovative webinars presented by Florida's salaried and non-commissioned Retirement Specialists who meet employees and Participants when, where, and how they want to meet. Florida logo with text labelling the logo specific to Deferred Compensation Plan . 0000427110 00000 n Unforeseeable Emergency Withdrawal Booklet Phone: (855) 616-4776 savingsplusnow.com. 0000004209 00000 n Nationwide Retirement Solutions 457 Unforeseeable Emergency Deferred Compensation and PARS - Stanislaus County 11 30 40 0 obj <>stream Retirement Specialists are Registered Representatives of Nationwide Investment Services Corporation, member FINRA, Columbus, Ohio. Link to Facebook page; Link to Twitter page; Home Espaol Contact us. Retirement Specialists are Registered Representatives of Nationwide Investment Services Corporation, member FINRA, Columbus, Ohio. 0000001850 00000 n Rules That Apply to Deferred Compensation Withdrawals 20, 2022 What's New Withdrawals, Rollovers and Loans Certain employer-sponsored retirement plans (such as 401 (k) and 403 (b) plans, SEP-IRAs and SIMPLE IRAs) and individual retirement products (such as Individual Retirement Accounts (IRAs) and Flexible Premium Annuities (FPAs)) allow withdrawals, rollovers and loans, as appropriate. It is not intended as investment, legal, or accounting advice. Learn more about these payments. page is full of resources to help you to plan what is possible, save what is manageable, and retire when comfortable. *Agencies can request printed copies of the Enrollment Brochure at:[email protected]. Enrolled in a retirement plan but dont have an online account? NQDC: The Withdrawal Rules. This website is intended to provide information about the State of Florida's Government Employees Deferred Compensation Plan. Deferred Compensation & 457 Retirement Plans - Nationwide 0000003600 00000 n 0000427425 00000 n Nationwide may receive payments from mutual funds or their affiliates in connection with certain investment options. 0000022871 00000 n City of Tampa Employees Deferred Compensation Plan 0000045608 00000 n The Plan. *This packet must be faxed or mailed to the Bureau of Deferred Compensation along with copies of any documents outlined by the instructions included in the packet. Retirement Specialists provide information for educational purposes only. To end your session, select the Log off button, or take no action. 200 East Gaines Street, Tallahassee, FL 32399, Copyright 2023 Florida Department of Financial Services, Publications, Administrative Documents, and Forms.

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