The State of Florida Deferred Compensation Program offers employees (Administration, Faculty, Staff and Temporary) the opportunity to save money for retirement while reducing their current income tax liability. Taxes on earnings and contributions are deferred until you receive them as income. Contributing to a State Deferred Compensation Plan is voluntary. Contributions are made through payroll deduction and forwarded to a participating investment company.
The State of Florida Deferred Compensation Program offers to its participants the option to take a loan and hardship withdrawals under the plan. For information on eligibility contact the State of Florida Bureau of Deferred Compensation at (877) 299-8002.
How to Enroll
- Enrollment can be completed at any time.
- Contact the 457 providers of your choice from the list to sign a contract or complete contracts online via the Deferred Compensation’s Web site.
How to Change Your Contribution Amount
- Contact your provider company representative or contact the State of Florida Deferred Compensation department.
- Changes can be made at any time.