A 457 plan is a type of tax-advantaged retirement savings plan offered by governmental employers in the United States. Deferred Compensation | Florida Department of Financial Services *Taxes will be due upon the withdrawal of funds. Retirement Specialists provide information for educational purposes only. 0000024571 00000 n 0000426841 00000 n 0000416664 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. 0000041612 00000 n hb```e``"33 ?PcCCHrl4q^p}r\qGel R)HKX$A.Fv*s. 0000001850 00000 n DEFERRED COMPENSATION PLAN - Florida Department of Management Services How much money you make. 11 0 obj <> endobj 402 (f) special tax notice (PDF) Review this form for information regarding special tax information for plan payments. 0000025486 00000 n Why should I enroll? Access My Plan - Deferred Compensation An NQDC has more flexibility in the withdrawal rules than a 401 (k), Fidelity says. On Monday, July 3 the New York Stock Exchange ("NYSE") and the Solutions Center will close at 1 p.m. State of Florida 457 Deferred Compensation Plan The Solutions Center will remain closed on Tuesday, July 4 and will reopen at 8 a.m. Access My Plan - Miami Dade 457 457(b) Deferred Compensation Retirement Plans (Ultimate Guide) 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. 0000026247 00000 n 0000022980 00000 n PDF Unforeseeable Emergency Withdrawal Booklet - Nationwide Financial Additional forms are available once you log in to your account. 0000004612 00000 n PDF Frequently Asked Questions - Florida Department of Financial Services page is full of resources to help you to plan what is possible, save what is manageable, and retire when comfortable. or call800-949-4457. Check out the benefits of rolling them into one. The Solutions Center will remain closed on Tuesday, July 4 and will reopen at 8 a.m. 0000021845 00000 n If investment advice or other expert assistance is required, the Severance From Employment When you retire or leave your job for any reason, you're permitted to make withdrawals from your 457 plan. 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. Are you the parent, grandparent or legal guardian of a high school senior? 0000031716 00000 n Were a Fortune View a comparison of the various products, fees, and investment items. 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. 0000025964 00000 n The minimum contribution is $20 per monthly pay or $10 per bi-weekly . City of Tampa Employees Deferred Compensation Plan 0000031106 00000 n Make sure your beneficiary designations are up-to-date by filling out and submitting a scanned Participant Action Form to RPublic@Nationwide.com. To end your session, select the Log off button, or take no action. 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 DeferredCompensation@MyFloridaCFO.com MARKETING AND COMMUNICATIONS DefCompMarketing@MyFloridaCFO.com SPECIAL DISTRICTS Ben.Hensarling@MyFloridaCFO.com 0000434894 00000 n Retire. 1-800-949-4457. This information is not meant to be used as investment advice. ET on Wednesday, July 5. 0000011075 00000 n The Unforeseeable Emergency Distribution Packet* outlines the process to file a claim for an unforeseeable emergency. 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. 2. 0000037105 00000 n Nationwide Retirement Solutions - Florida Association of Counties 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. Nationwide is here to help you every step of the way. Log into your account or contact Nationwide for details 877-677-3678. We take pride in being a U.S.-based company with a strong and stable history going back more than 90 years and a mutual company, which means we dont have shareholders and can put clients, members, and communities first. check out theNationwide Enrollment Flyer. Florida logo with text labelling the logo specific to Deferred Compensation Plan. 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). Nationwide has been a proud Investment Provider of the Florida Deferred Compensation Plan since 1982. 0000420525 00000 n %PDF-1.3 % For the best website experience, please use Chrome, Firefox or Microsoft Edge. The primary purpose is to help you establish a sum of money from which you may withdraw, helping to supplement your retirement income. NQDC: The Withdrawal Rules. *Please print the PAF, complete the highlighted portions, and sign it. 0000434582 00000 n 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. This highlighted Participant Action Form (PAF)* can be used to make Beneficiary Designations for your Plan assets. 457(b) plan - Corebridge Financial 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. It is not intended as investment, legal, or accounting advice. 0000022871 00000 n Nor are there . %%EOF YeooiCxM/8Viq:y r1)ea5yA#R!Rft*u}\ %gy. 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 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. Parents, grandparents or legal guardians should talk to their eligible high school seniors about applying right away. It is not intended as investment, legal, or accounting advice. 0000001127 00000 n 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. 0000001525 00000 n 0000009263 00000 n services of a competent professional should be sought. The Plan. Income from this plan, when combined with other sources of retirement income, can help provide you with what you'll need during retirement. Taxpayer funds were not used to produce or mail these materials. Home Espaol Contact us. Download the My Retirement app for easy access to your retirement plan. Privacy and security 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. 0000044621 00000 n 0000013280 00000 n 0000045111 00000 n 0000023087 00000 n Our department manages the financial responsibilities for the State of Florida. Nationwide may receive payments from mutual funds or their affiliates in connection with certain investment options. It alsooutlines the Florida Statute that defines the Florida Deferred Compensation Plan's Advisory Council and showcases how the council is appointed. The EZ Enrollment Form* can be faxed or mailed to the Bureau of Deferred Compensation to enroll in the Florida Deferred Compensation Plan. Save. 0000031201 00000 n 0000433819 00000 n The Special Districts Booklet* is an annual publication created specifically for special districts interested in joining the Florida Deferred Compensation Plan. %PDF-1.7 % 21 0 obj <> endobj xref 21 55 0000000016 00000 n 0000001406 00000 n Find your employer's plan Search by state to find your employer-sponsored deferred compensation plan administered by Nationwide Retirement Solutions. This PDF includes a copy of the Types of Investments Flyer, which outlines the types of investments available to Participants of the Plan (updated quarterly). Forms - Deferred Compensation Other sites: Plan Sponsor Nationwide Retirement Solutions and Nationwide Life Insurance Company (collectively . The State of Florida Deferred Compensation Plan is an excellent way to help accumulate money for your retirement. Nationwide Retirement Solutions 457 Unforeseeable Emergency Deferred Compensation & 457 Retirement Plans - Nationwide ET on Wednesday, July 5. 0000040748 00000 n The application and entry must be submitted online at nrsforu.com/scholarship between April 1 and May 31, 2023. ET in observance of the Independence Day holiday. 200 East Gaines Street, Tallahassee, FL 32399, Copyright 2023 Florida Department of Financial Services, Publications, Administrative Documents, and Forms. The State is making the following change to ensure that the investment options offered provide competitive long-term performance relative to market indexes, consistent investment management, and reasonable fees. If investment advice or other expert assistance is required, the BUREAU OF DEFERRED COMPENSATIONMonday Friday | 8:00AM 5:00PM (EST)Toll-Free:877-299-8002Fax: 850-488-7186200 East Gaines StreetTallahassee, FL 32399DeferredCompensation@MyFloridaCFO.com, MARKETING AND COMMUNICATIONSDefCompMarketing@MyFloridaCFO.com, SPECIAL DISTRICTSBen.Hensarling@MyFloridaCFO.com. Applications can be completed online at nrsforu.com/scholarship beginning April 1. 0000000896 00000 n *Agencies can request printed copies of the Types of Investments Flyer at:DefCompMarketing@MyFloridaCFO.com, Each year, the IRS updates the contribution limits for 457(b) Plans within Internal Revenue Code 457(b), and the Florida Deferred Compensation Plan provides an update on those contribution limits with this document.*. Then, send the completed and signed PAF to the Bureau of Deferred Compensation via email (DeferredCompensation@MyFloridaCFO.com), fax, or mail. Exchange orders received on or after . Deferred Compensation Plans by State - Nationwide Additional forms are available once you log in to your account. 0000007073 00000 n 0000027897 00000 n If investment advice or other expert assistance is required, the Contributing to the Deferred Compensation Plan can help you save at a comfortable pace to create a greater benefit for you in retirement. The NYSE will be closed on Tuesday, July 4. For security reasons, your session is about to timeout. On Monday, July 3 the New York Stock Exchange ("NYSE") and the Solutions Center will close at 1 p.m. 0000434812 00000 n 0000018547 00000 n 0000019846 00000 n 0000419279 00000 n 0000001769 00000 n 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. The Plan Watch Booklet* is an annual publication that is a comprehensive source of Florida Deferred Compensation Plan information. PDF You may have a better way to save for retirement. Consolidate your accounts Managing multiple retirement accounts can become overwhelming. Accessibility. Retirement Specialists are Registered Representatives of Nationwide Investment Services Corporation, member FINRA, Columbus, Ohio. Our site will be unavailable from 11 p.m. ET/8 p.m. PT on Thursday, July 6th until 7 a.m. ET/4 a.m. PT on Friday, July 7th so we can make improvements. 0000044708 00000 n 0000002061 00000 n Through a partnership with NACo, Nationwide Retirement Solutions (NRS), and FAC, Florida counties can offer employees access to this premier . 0000419573 00000 n 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. Log into your account or contact Nationwide if you want to withdraw or rollover your funds. 0000002395 00000 n Please enable JavaScript before continuing. 11 30 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. What is it? This information is not meant to be used as investment advice. 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. 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. 0000002373 00000 n The Plan Brochure* is a publication that offers high-level Florida Deferred Compensation Plan information. Nationwide may receive payments from mutual funds or their affiliates in connection with certain investment options. Your age. The Solutions Center will remain closed on Tuesday, July 4 and will reopen at 8 a.m. 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. 0000025058 00000 n 0000419427 00000 n Florida Deferred Compensation Plan / Financial Future | MyBenefits Publications, Administrative Documents, and Forms | Deferred How do I invest my money? 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 Terms and conditions 0000026975 00000 n Pre-tax contributions to the Plan are made automatically through payroll deduction, which can help to lower your current taxable income. This link to the IRS website directs to the specific Internal Revenue Code information the Florida Deferred Compensation Plan abides by as a 457b Plan. Contact Us - Deferred Compensation 0000022714 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. Click here to read more about the opportunity and how you can apply. Learn more about these payments. 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 0000041151 00000 n To stay logged in, select the Continue button below. 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. 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. 0000427425 00000 n International Association of Fire Fighters-Financial Corporation, National Association of Police Organizations. Rollover and transfer funds. 1-888-324-5433. Deferred Compensation - Miami-Dade County Download, print, sign and email a scanned image of the form to rpublic@nationwide.com, Request a Deferred Compensation account distribution. You don't have to wait until 59 1/2 to start taking withdrawals. Some forms must be requested from the Bureau of Deferred Compensation or the Investment Provider (s): Corebridge, Nationwide, and/or Voya. 0000036698 00000 n PO Box 182797, Columbus, OH 43218-2797. FORMS. Nationwide may receive payments from mutual funds or their affiliates in connection with certain investment options. 0000426466 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. With the Florida Deferred Compensation Update your browser for a better experience. Review this form for information regarding special tax information for plan payments. Retirement Specialists are Registered Representatives of Nationwide Investment Services Corporation, member FINRA, Columbus, Ohio. 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. Privacy and security 0000045608 00000 n 0000007397 00000 n By Mail: Nationwide Retirement Solutions. Deferred Compensation Plan | State of Florida 457 Deferred Compensation 0000427110 00000 n Retirement Specialists provide information for educational purposes only. *Agencies can request printed copies of the Enrollment Brochure at:DefCompMarketing@MyFloridaCFO.com. 0000003600 00000 n Participants with multiple Investment Providers will need to submit PAFs for each account. services of a competent professional should be sought. ET on Wednesday, July 5. 0000016816 00000 n 0000002831 00000 n Learn more about these payments. Retirement Specialists are Registered Representatives of Nationwide Investment Services Corporation, member FINRA, Columbus, Ohio. <]/Prev 441769>> startxref *Consider increasing contributions online: This legal document outlines the details of the Florida Deferred Compensation Plan. Retirement Specialists provide information for educational purposes only. County of San Diego Deferred Compensation logo with text that reads A Bridge To Your Retirement. Managing your retirement account - Deferred Compensation Subscribe and you will get the latest news and updates everyday! 0000419133 00000 n 0000037586 00000 n 0 ET in observance of the Independence Day holiday. 0000427343 00000 n This information is not meant to be used as investment advice. This information is not meant to be used as investment advice. 0000420212 00000 n Copyright 2023 Florida Association of Counties | Accessibility Statement 850.922.4300 | 100 South Monroe Street | Tallahassee, FL 32301. And what visions you have for retirement. 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? Other sites: Plan Sponsor Nationwide Retirement Solutions and Nationwide Life Insurance Company (collectively "Nationwide") have trademark and . 0000048368 00000 n 0000007815 00000 n 0000028999 00000 n 0000002942 00000 n The NYSE will be closed on Tuesday, July 4. You'll have to make mandatory withdrawals after age 70 , and your beneficiary can withdraw money from the plan upon your death. Learn more about these payments. DC-3106 (1/20) For help, please call 877-677-3678 nrsforu.com Page 3 of 4 Tax Withholding Learn more atNRSFlorida.com(Ahora disponible en espaol) Privacy and security Contacts | Deferred Compensation | MyFloridaCFO - Florida Department of 100 company with a diverse corporate portfolio, disciplined investment approach, and long-term vision that can navigate economic ups and downs. Deferred Compensation and PARS - Stanislaus County 0000001588 00000 n 0000003055 00000 n 0000006670 00000 n 0000004209 00000 n If you would like to stop your deferrals please contact customer service at 1-877-677-3678. This document lists the current Florida Deferred Compensation Plan Advisory Council members. 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. 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 0000419940 00000 n This website is intended to provide information about the State of Florida's Government Employees Deferred Compensation Plan. To provide federal tax withholding direction for all withdrawal requests, International Association of Fire Fighters-Financial Corporation, National Association of Police Organizations. Click "Quarterly Performance Report" on the Contents page of the Plan Watch Booklet to view the report. As part of our enhanced security, we no longer support Internet Explorer (IE). xref 0000011437 00000 n *Agencies can request printed copies of the Plan Brochure at:DefCompMarketing@MyFloridaCFO.com. Nationwide offers a 457 Deferred Compensation Loan Program. DeKalb County, GA Deferred Compensation Plan Applications can be completed online at. Retirement Specialists provide information for educational purposes only. Online Retirement Plan Enrollment Forms - Nationwide PDF Fund Withdrawal and Payout Options Withdrawing funds ET in observance of the Independence Day holiday. This document is also located in the Enrollment Brochure (online). Participants should pay special attention to the "Instructions for Unforeseeable Emergency Withdrawal" (Page 1). Our department manages the financial responsibilities for the State of Florida. Access My Plan - Deferred Compensation Learn more about these payments. Scholarships will be awarded in the fall of 2023. Read the participant notice to understand the changes as well as what action, if any, you need to take. Exchange orders received on or after . Nationwide has been a proud Investment Provider of the Florida Deferred Compensation Plan since 1982. You may find the Nationwide Plan offers significant advantages, such as: No withdrawal penalty Not all forms are listed on the Florida Deferred Compensation Plan website. We apologize for any inconvenience. trailer Link to Facebook page . Qualified retirement plans, deferred compensation plans and individual retirement accounts are all different, including fees and when you can access funds. It is not intended as investment, legal, or accounting advice. man talking on a mobile phone and looking at his watch, International Association of Fire Fighters-Financial Corporation, National Association of Police Organizations. Retirement Specialists are Registered Representatives of Nationwide Investment Services Corporation, member FINRA, Columbus, Ohio. Accessibility. *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. County Population and General Information, Presidential Select Committee on Preemption, Governors Proposed Budget Analysis State Fiscal Year 23-24. Enrolled in a retirement plan but dont have an online account? Unforeseeable Emergency Withdrawal Booklet Phone: (855) 616-4776 savingsplusnow.com. 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. trailer<]>> startxref 0 %%EOF 22 0 obj <> endobj 75 0 obj <. ET on Wednesday, July 5. 0000010642 00000 n This website is intended to provide information about the State of Florida's Government Employees Deferred Compensation Plan. 0000032329 00000 n On Monday, July 3 the New York Stock Exchange ("NYSE") and the Solutions Center will close at 1 p.m. The Types of Investments Flyer* outlines the types of investments available to Participants of the Plan (updated quarterly).
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