man talking on a mobile phone and looking at his watch, Fee Transparency and Fixed Fund Account Rate of Return reminders, International Association of Fire Fighters-Financial Corporation, National Association of Police Organizations. PDF Frequently Asked Questions - Florida Department of Financial Services Enrolling in the Plan is quick and easy! Download the My Retirement app for easy access to your retirement 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. General Question? It is not intended as investment, legal, or accounting advice. The minimum is $10 per pay period. 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. 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. Publications, Administrative Documents, and Forms | Deferred Popular Pages. 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. Read the participant notice to understand the changes as well as what action, if any, you need to take. Nationwide Retirement Solutions (813) 404-8734 rumbosa@nationwide.com VOYA 8875 Hidden River Parkway, Suite 300, Tampa, FL 33637 Shane IsaacServing Tampa and College of Medicine Casey Caldwell Serving Tampa, St. Petersburg, (813) 263-9107 (727) 744-5080 & Sarasota Aaron Cheesman Serving Tampa, St. Petersburg & Sarasota Deferred Compensation | Hialeah, FL Privacy and security If investment advice or other expert assistance is required, the services of a competent professional should be sought. County of San Diego Deferred Compensation logo with text that reads A Bridge To Your Retirement. *Please print the PAF, complete the highlighted portions, and sign it. Retirement Specialists provide information for educational purposes only. This information is not meant to be used as investment advice. Our department manages the financial responsibilities for the State of Florida. Deferred Compensation | City of Tampa There were various plans available, which were used by the county governments, but the sheriffs wanted a plan created specifically for their employees. The application and entry must be submitted online at nrsforu.com/scholarship between April 1 and May 31, 2023. Selecting to stop contributions will require the completion of a new participation agreement to restart your contributions to the deferred compensation plan. 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. Learn more about these payments. services of a competent professional should be sought. Fax 1-877-677-4329 Include contact information to receive a response. The Types of Investments Flyer* outlines the types of investments available to Participants of the Plan (updated quarterly). It is not intended as investment, legal, or accounting advice. Learn more about these payments. Make sure to register on your Investment Provider's website to view valuable information about your account, including total balance, funds allocations, and more. Portfolio Rebalancing - Nationwide 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 PDF includes a copy of the Types of Investments Flyer, which outlines the types of investments available to Participants of the Plan (updated quarterly). The Deferred Compensation Plan is available to help bridge the savings gap., Call the Bureau of Deferred Compensation at 877-299-8002, Florida Deferred Compensation Plan (Home Page), Terms and Conditions | Privacy Statement | Accessibility Statement | Sitemap, Monthly Webinars / Educational YouTube Videos, Making plan changes with a Qualifying Status Change (QSC) Event, 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, Penalty-free account modification, such as contribution change, investment reallocation, and Investment Provider addition/replacement, Rollover other pre-tax retirement accounts into the Florida Deferred Compensation Plan, Dedicated customer service and professional investment performance oversight from the Bureau of Deferred Compensation and the Plans Investment Providers, 200 East Gaines Street, Tallahassee, FL 32399-0343. General Question? Retire. This website is intended to provide information about the State of Florida's Government Employees Deferred Compensation Plan. To apply online To apply for a new loan or refinance a current loan, you must be registered with a user account on the Nationwide participant website. Nationwide Retirement Solutions 457 Unforeseeable Emergency Are you the parent, grandparent or legal guardian of a high school senior? Copyright 2023 Florida Association of Counties | Accessibility Statement 850.922.4300 | 100 South Monroe Street | Tallahassee, FL 32301. Your employer sponsored retirement plan and Social Security are likely to only provide about 78% income replacement during retirement. 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 EZ Enrollment Form* can be faxed or mailed to the Bureau of Deferred Compensation to enroll in the Florida Deferred Compensation Plan. Nationwide may receive payments from mutual funds or their affiliates in connection with certain investment options. 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. My Benefits | City of Tampa Complete Voya'sFinancial Wellness Assessmentor utilize VoyasRetirement Planning Map, watch this shortintroductory video from AIG, or check out Nationwide'soverview of the Plan. *Subject to employer participation. 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. The Florida Deferred Compensation Plan relies on Participants to update contact information by either directly contacting the Bureau of Deferred Compensation or contacting your Investment Provider(s). Nationwide has been a proud Investment Provider of the Florida Deferred Compensation Plan since 1982. *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.*. We provide innovativewebinarspresented by Floridas salaried and non-commissioned Retirement Specialists who meet employees and Participants when, where, and how they want to meet. ET in observance of the Independence Day holiday. Watch on. The Florida Deferred Compensation Plan has three Investment Providers: Nationwide, AIG Retirement Services, and Voya. Terry J. Terry 941-524-4818 terryt2@nationwide.com . University employees are eligible for the Florida Deferred Compensation 457(b) Plan and the 403(b) Plan, IRS contribution limits to the 457(b) and the 403(b) do not compete. DEFERRED COMPENSATION PLAN - Florida Department of Management Services The Unforeseeable Emergency Distribution Packet* outlines the process to file a claim for an unforeseeable emergency. Contact Us - Deferred Compensation If investment advice or other expert assistance is required, the services of a competent professional should be sought. Current mix. 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). The Florida Deferred Compensation Plan is a supplemental retirement plan for employees of the State of Florida, including OPS employees and employees of the State University System, State Board of Administration, Division of Rehab and Liquidation, Special Districts*, and Water Management Districts* [established under Internal Revenue Code (IRC). With the Florida Deferred Compensation
Report Problems. You can contribute $20,500 for 2022. PDF Nationwide Deferred Compensation Plan - Florida Sheriffs Association View Page UPCOMING EVENTS Facts Before Feelings (Session 3) Privacy and security The Plan Watch Booklet* is an annual publication that is a comprehensive source of Florida Deferred Compensation Plan information. Click here to read more about the opportunity and how you can apply. We are here to help but it's also important to remain calm and stick to your plan during these times. Accessibility. We provide innovativewebinarspresented by Floridas salaried and non-commissioned Retirement Specialists who meet employees and Participants when, where, and how they want to meet. Access My Plan - Deferred Compensation This website is intended to provide information about the State of Florida's Government Employees Deferred Compensation Plan. Remember:The Florida Deferred Compensation Plan does not update contact information through People First. Deferred Compensation Nationwide, the Nationwide N and Eagle, Nationwide ProAccount and My Interactive Retirement Planner are service marks of Nationwide Mutual Insurance . 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. services of a competent professional should be sought. These videos, known as the Enrollment Series, cover basic enrollment and participation related topics. Maricopa County. services of a competent professional should be sought. *Consider increasing contributions online: This legal document outlines the details of the Florida Deferred Compensation Plan. 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 Learn more. Enroll With Nationwide o llame al 800-949-4457 to learn more. Save. For security reasons, your session is about to timeout. Welcome to the website Corebridge Retirement Services has created especially for you, as an eligible employee of the State of Florida 457 (b) Deferred Compensation Savings Plan. 2023 COLA limits. Retirement Specialists are Registered Representatives of Nationwide Investment Services Corporation, member FINRA, Columbus, Ohio. ET Email nrsforu@nationwide.com Don't include personal information such as Social Security number. 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. Applications can be completed online at nrsforu.com/scholarship beginning April 1. Participants can use the Fixed Account to minimize risk and diversify investments. 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. The State of Florida 457(b) Deferred Compensation Plan is also available to state university employees, employees of the State Board of Administration, Division . Search by state to find your employer-sponsored deferred compensation plan administered by Nationwide Retirement Solutions. services of a competent professional should be sought. New Users Existing Users (Forgot User ID or Password) Select Create Account Select Forgot User ID or Password? If you have questions you can contact your Financial Advisor or Nationwide. A deferred compensation plan is another name for a 457 (b) retirement plan, or "457 plan" for short. DC-3106 (1/20) For help, please call 877-677-3678 nrsforu.com Page 3 of 4 Tax Withholding Each of the Investment Providers offers a menu of Mutual Funds, a Fixed Account, and a suite of Target Date Funds. Through a partnership with NACo, Nationwide Retirement Solutions (NRS), and FAC, Florida counties can offer employees access to this premier . Our department manages the financial responsibilities for the State of Florida. certificates of deposit offered by Washington Mutual Bank through Nationwide Retirement Solutions are insured by the Federal Deposit Insurance Corporation . What is it? As part of our enhanced security, we no longer support Internet Explorer (IE). Target Date Funds provide a diverse mix of investments (stocks, bonds, and cash equivalents) that periodically and automatically adjust over time to grow more conservative as you near your target retirement date. Our department manages the financial responsibilities for the State of Florida. EZ ENROLLMENT FORM Description It is not intended as investment, legal, or accounting advice. Click hereto learn more about the differences between the 457(b) and 403(b) plans. As an alternative to waiting in our call queue, feel free to schedule an appointment. The Special Districts Booklet* is an annual publication created specifically for special districts interested in joining the Florida Deferred Compensation Plan. Deferred Compensation & 457 Retirement Plans - Nationwide Coronavirus (COVID-19) and the resulting market volatility are causing higher than normal call volumes. If you have more than one Investment Provider, make sure to register for each Provider's website. Were a Fortune If investment advice or other expert assistance is required, the
check out theNationwide Enrollment Flyer. We will typically respond in one business day. Nationwide Retirement Solutions - Florida Association of Counties Deferred compensation plans are designed for state and municipal workers, as well as employees of some tax-exempt organizations. This website is intended to provide information about the State of Florida's Government Employees Deferred Compensation Plan. During the same period, the value of her bond funds grew 9% and her money market fund value was up 4%. 100 company with a diverse corporate portfolio, disciplined investment approach, and long-term vision that can navigate economic ups and downs. State of Florida 457 Deferred Compensation Plan Retirement Specialists provide information for educational purposes only. Each Investment Provider has a menu of Mutual Funds to choose from. Florida 33010. To login go to www.nrsforu.com and select login. 457(b) plan - Corebridge Financial The State of Florida Bureau of Deferred Compensation released an award-winning, four-part series of Informational Videos designed to walk employees through a very basic understanding of the Florida Deferred Compensation Plan. Each Mutual Fund falls into an asset category, which identifies what types of stocks or bonds are held within that fund. *Special District employers can request printed copies of the Special Districts Booklet by contacting the Operations Review Specialist, Kimberly Gillard, at:Kimberly.Gillard@MyFloridaCFO.com. This website is intended to provide information about the State of Florida's Government Employees Deferred Compensation Plan. It is not intended as investment, legal, or accounting advice. For more information,click here. Update your browser for a better experience. Deferred Compensation ICMA - RC. The Florida Deferred Compensation Plan is a supplemental retirement plan for employees of the State of Florida, including OPS employees and employees of the State University System, State Board of Administration, Division of Rehab and Liquidation,
Contact 306 East Jackson Street Tampa, Florida 33602 (813) 274-8211. Contact 306 East Jackson Street Tampa, Florida 33602 (813) 274-8211. View a comparison of the various products, fees, and investment items. For more than 40 years,Nationwidehas helped public sector employees prepare for and live in retirement. Plan | Plan. Save. Retire. | MyFloridaCFO - Florida Department of Learn more atNRSFlorida.com(Ahora disponible en espaol) Looking for the next step? Nationwide: Open Enrollment Video (Spanish) | Deferred Compensation Search Maps. If investment advice or other expert assistance is required, the
PDF State of Florida Deferred Compensation Office View a comparison of the various products, fees, and investment items. ClickEnroll Nowto fill out and submit the online EZ Enrollment Form. For the best website experience, please use Chrome, Firefox or Microsoft Edge. services of a competent professional should be sought. Were a Fortune Nationwide has been a proud Investment Provider of the Florida Deferred Compensation Plan since 1982. Contact us Phone 1-800-949-4457 Monday-Friday 8 a.m. - 11 p.m. man talking on a mobile phone and looking at his watch, International Association of Fire Fighters-Financial Corporation, National Association of Police Organizations. 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 - Miami-Dade County The State of Florida Deferred Compensation Plan is an excellent way to help accumulate money for your retirement. City of Phoenix. In 1986, a group of sheriffs requested that the association research and create a deferred compensation program as part of the Florida Sheriffs Self Insurance Programs. Nationwide Retirement Plans - Deferred Compensation Please enter your username and password. Nationwide is here to help you every step of the way. Beneficiary designation with the Florida Deferred Compensation Plan is a quick and easy way to protect those you love. Deferred compensation providers: Contact the plan representatives (see above) for individualized retirement planning and . The 1st Quarter "Quarterly Performance Report" (QPR) for the Florida Deferred Compensation Plan is, now, available via the Plan Watch Booklet. To end your session, select the Log off button, or take no action. This information is not meant to be used as investment advice. Three years after Karen invested her money in three different asset classes, gains in the stock market increased the value of her stock funds 22%. Nationwide has been a proud Investment Provider of the Florida Deferred Compensation Plan since 1982. The content on this page focuses only on governmental 457 (b) retirement plans. Email Updates. Terms and conditions Plan Watch 2023 has been updated to include this new report and is also a valuable resource for learning about the Plan as a whole. Deferred Compensation Plan - Pinellas County 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. ET on Wednesday, July 5. NATIONWIDE: OPEN ENROLLMENT. If investment advice or other expert assistance is required, the
That leaves a 22% gap in income replacement. Deferred Compensation Plans by State - Nationwide Nationwide reserves the right to redene how the interest rate is calculated by advising the Plan in writing at least 30 days in advance of when the new denition goes into effect. Then, send the completed and signed PAF to the Bureau of Deferred Compensation via email (DeferredCompensation@MyFloridaCFO.com), fax, or mail. Schedule appointment Independence Day On Monday, July 3 the New York Stock Exchange ("NYSE") and the Solutions Center will close at 1 p.m. Enrollment Video Series | Deferred Compensation | MyFloridaCFO Corebridge Retirement Services *Agencies can request printed copies of the Plan Brochure at:DefCompMarketing@MyFloridaCFO.com. Nuestro departamento administra las responsabilidades financieras del Estado de la Florida. Managing your retirement account - Deferred Compensation Target Date Funds automatically adjust your investments for you. At Corebridge Financial, formerly AIG Retirement Services, we believe everyone deserves financial security. This information is not meant to be used as investment advice. Click "Quarterly Performance Report" on the Contents page of the Plan Watch Booklet to view the report. 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. This website is intended to provide information about the State of Florida's Government Employees Deferred Compensation Plan. 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. 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. 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. This document answers Frequently Asked Questions about the Florida Deferred Compensation Plan. It alsooutlines the Florida Statute that defines the Florida Deferred Compensation Plan's Advisory Council and showcases how the council is appointed.