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  1. The State of Illinois Deferred Compensation Plan is a supplemental retirement program for State employees. Contributions to the Plan can be made on a pre-tax or Roth basis through salary deferrals. The combined pre-tax and Roth contributions cannot exceed the limit set by the IRS.

  2. The home of your State of Illinois Deferred Compensation retirement account. Log in to check the balance of your 457 account, view your estimated monthly retirement income, and more.

  3. The State of Illinois Deferred Compensation Plan (“Plan”) is an optional 457(b) retirement plan open to all State employees. The payroll deferrals, together with any earnings, accumulate tax-deferred until the employee terminates service, dies, or incurs unforeseeable financial hardship.

  4. The State Deferred Compensation 457 Plan (also known as the 457 Plan or Deferred Comp) is an optional investment plan available to all employees receiving compensation from the University. Participants may choose to invest pre-tax and/or Roth (after-tax) money in this Plan.

  5. To enroll, make changes, add/update beneficiaries or stop contributions to the State 457 Deferred Compensation Plan (Deferred Comp) go to myillinoisdcplan.com. For questions, contact Empower at 833-969-ILDC (833-969-4532) or University Payroll & Benefits (UPB).

  6. 5 Φεβ 2024 · 457 (b) Plans are deferred compensation plans that provide employees with the opportunity to defer a portion of their income for future use. By participating in a 457 (b) Plan, employees can enjoy tax advantages, as the deferred money remains untaxed until it is withdrawn.

  7. 19 Απρ 2023 · These include section 457(b) programs, commonly called 457 deferred compensation programs. Deferred compensation programs allow eligible employees to save and invest before-tax and Roth (after-tax) dollars through voluntary paycheck contributions, supplementing any exising retirement/pension benefits.

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