Deferred Compensation Plan
If you’re looking to save for your future, the deferred compensation 457(b) plan can help. You decide how much you want to contribute to your account, and that amount will be deducted—on a pretax basis—from your pay. You save on taxes because you reduce your taxable income, and the money you contribute to your deferred compensation plan is invested and can grow over time to help fund your retirement years.
You have three options when it comes to your retirement plan vendors. You can choose to invest with one, two or all three of them:
Fidelity
Watch an overview of how Fidelity can help you prepare for the future.
Grab & Go: Virtual Learning Center
- Welcome to Fidelity!
- Here are five ways to kick start your financial wellness.
- Protect yourself from cyber fraud.
- Get started and save for the future you.
- Ask Fidelity. They’re here to help.
- Visit Fidelity’s dedicated site for State of Rhode Island employees.
- Attend Fidelity’s Virtual Benefits Fair!
Office Hours
Questions? Schedule a time to discuss yours with a Fidelity retirement planner.
Voya
Find out how Voya can help you save for retirement.
Grab & Go: Virtual Learning Center
- Check out a Voya LearnTM live and on-demand session.
- Read the latest Voya Financial Blog.
- Are you ready to retire? Take advantage of Voya’s retirement calculators to give you the full picture or read through this retirement readiness flyer to gauge how ready you are.
- This handy checklist will help you with what you need to start preparing for your retirement.
- Download Voya’s mobile app for quick account access.
- What does your financial wellness journey look like?
Seeking One-on-One Consultation?
Voya is offering office hours during enrollment season. Schedule time with a Voya representative.
TIAA
Here’s an overview of the services TIAA can provide to make sure you’re on track to retire.
Grab & Go: Virtual Learning Center
- Learn about TIAA.
- Is your financial future worth 1%?
- What are the benefits of starting to save now?
- Already with TIAA? Manage your account here, or find out how to manage your account using our app.
- TIAA also administers the State’s defined contribution 401(a) plan.
- For online advice and education, visit TIAA’s site for State employees.
Seeking One-on-One Consultation?
There are many benefits to meeting with a TIAA financial consultant, at no additional cost to you. Discuss your 401(a), or get information on the 457(b) during a phone-based or virtual counseling session by with a TIAA consultant. Call 800-897-1026 between 8 a.m. and 10 p.m., or schedule your appointment online.
Enroll Now
Retirement@Work is your one-stop resource for your Deferred Compensation Plan. You manage your contributions and investments with one, two or all three three of the State’s investment providers. You’ll get consolidated account information on the Retirement@Work website.
Ready to Enroll or Increase/Decrease Your Contribution?
- Refer to this Retirement@Work Guide for details about how the plan works.
- Visit www.retirementatwork.org/ri to create or log in to your account.
- To speak to a representative, call 855-200-0135.
For More Information…
> For details on your deferred compensation plan, review the Retirement@Work Guide or visit our benefits website.