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The Kentucky Public Employees’ Deferred Compensation Authority (Kentucky Deferred Comp or KDC) is THE OFFICIAL SUPPLEMENTAL RETIREMENT SYSTEM FOR THE EMPLOYEES OF THE COMMONWEALTH OF KENTUCKY, PUBLIC EDUCATION, AND LOCAL PROGRAMS. KDC is authorized by KRS 18A.230—18A.350.
These plans can help bridge the gap between what you have in your pension and Social Security (if applicable), and how much you will need in retirement. The available deferred compensation plans include: Three pre-tax options: 457(b) Plan – tax-deferred; 401(k) Plan – tax-deferred; Deemed Traditional IRA; Three after-tax options: Roth 457(b ...
Kentucky Public Employees’ Deferred Compensation Authority (KDC) is authorized under the Kentucky Revised Statutes (18A.230 – 18A.275) to provide administration of tax-deferred supplemental retirement plans for all state, public school and university employees, and employees of local political subdivisions that have elected to participate.
T he Kentucky deferred compensation (KDC) plan allows employees to defer a portion of their income for a later date or retirement. State employees, including public school teachers, can...
Members can access their retirement accounts online at myretirement.ky.gov or call 1-800-928-4646. Documents can be submitted to our office using the upload feature in Self Service, by mail, or by fax at 502-696-8822.
Beginning July 1, 2019, all new employees (FT) hired by the Commonwealth of KY Executive, Judicial and the Legislative Branch will be automatically enrolled in the KDC 401(k) plan. All new employees will defer $15 per pay/$30 per month on a pre-tax basis.
Beginning July 1, 2019, all new full-time employees hired by the Commonwealth of Kentucky Executive Branch, Administrative Office of the Court, and the Legislative Research Commission will be automatically enrolled in the Kentucky Deferred Compensation 401(k) Plan.
