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Deferred Compensation Pension Plan
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In 1976, the board implemented the State of Nebraska Deferred Compensation Plan.
- This plan is a voluntary, supplemental retirement plan for State, Judges, and State Patrol employees. County employees may participate in the State plan if their county does not offer a deferred compensation plan.
- Any individual employed on a permanent or temporary basis, full-time or part-time, may participate in the plan.
- Participants defer a pre-tax portion of their salaries to a later date.
- Taxes due on the accounts and earnings are deferred until the date of disbursement. This is usually at retirement when most participants are in a lower tax bracket.
- Other qualifying events for disbursement are death, disability or termination of employment.
- Provisions allow emergency withdrawals for unforeseen financial hardships with board approval.
- Plan participants make their own investment choices between multiple investment fund options (the same funds offered in the State and County Defined
Contribution benefit plan). To view the investment funds current rates of return, click HERE or utilize the
Online Account Access (see below). Plan returns will be posted around the 23rd of the month following the end of each quarter (1/23, 4/23, 7/23, 10/23).
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DCP Education Video
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To further explain the Deferred Compensation Plan, NPERS offers a DCP Education video.
This video provides a basic overview of the Deferred Compensation Plan. This video can be viewed using the free Microsoft Windows Media
Player.
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Online Account Access
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Retirement plan participants may monitor and make changes to their account using the Online Account Access and their username and password.
For instructions on creating an online account, click HERE.
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Investment Assistance with Sterling Financial
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Defined Contribution and Deferred Compensation Plan participants are responsible for making investment
selections from multiple investment fund options. To help plan members make the right investment decisions, the State of Nebraska has a contract with Sterling Financial Advisors,
LLC. Sterling Financial can provide information about the investment options,
talk about asset allocation or just “hold your hand” during difficult markets. Sterling is paid to help you make
good choices, not to push products.
Our Publications page now features articles from Sterling Financial.
You may contact Sterling toll free at 877-970-9300, or in Omaha at 402-970-9300. Members may also email Sterling at mary.jochim@raymondjames.com.
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Investment Education Video
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To further help DCP members make informed investment decisions, NPERS offers an Investment Education video.
This video covers the investment options and provides an outline on the basics of investing. Members may contact our office to "check out" this video in a
DVD format, or download it from our website. The video may be viewed using the free Microsoft Windows Media
Player.
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Hartford Online
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Deferred Compensation Plan participants who still have funds with Hartford
may use this link for online account access.
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