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1. • Supplemental retirement program for State employees

     • 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.
     cms.illinois.gov/benefits/deferred/deferredcompensation.html

     State of Illinois Deferred Compensation Plan

2. cms.illinois.gov › deferredcompensationState of Illinois Deferred Compensation Plan

   cms.illinois.gov › deferredcompensation

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   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.

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     The State of Illinois Deferred Compensation Plan is...

   • Frequently Asked Questions

     Below are answers to the most frequently asked questions...

3. cms.illinois.gov › deferredcompensationfaqDeferred Compensation Plan FAQ - Illinois Department of ...

   cms.illinois.gov › deferredcompensationfaq

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   Below are answers to the most frequently asked questions about the State of Illinois Deferred Compensation Plan (“Plan”). Can I use funds in my account to purchase pension credits? Do I pay "loads" or sales commissions?

4. media-cdn.igrad.com › DOCS › IllinoisState of Illinois Deferred Compensation Plan Frequently Asked ...

   media-cdn.igrad.com › DOCS › Illinois

   What is a deferred compensation plan and are there any contribution limits? The State of Illinois Deferred Compensation Plan (“Plan”) is a supplemental retirement plan for State employees. Contributions to the Plan can be made on a pre-tax or after-tax (Roth) basis through salary deferrals.

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6. myillinoisdcplan.empower-retirement.comUser login | State of Illinois Deferred Compensation 457 Plan ...

   myillinoisdcplan.empower-retirement.com

   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.

7. cms.illinois.gov › content › damPlan highlights - Illinois Department of Central Management ...

   cms.illinois.gov › content › dam

   Apr 19, 2023 · 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.

8. www.illinois.gov › services › serviceDeferred Compensation Plan - Illinois.gov

   www.illinois.gov › services › service

   Deferred Compensation Plan. Information and forms to enroll in (tax) deferred compensation plan. Go to Service.

9. People also ask

   What is the state of Illinois deferred compensation plan?

   • 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. In 2024, employees are allowed to defer up to $23,000.

   State of Illinois Deferred Compensation Plan | Illinois Department of

   cms.illinois.gov/benefits/deferred/deferredcompensation.html

   See all results for this question

   What is a deferred compensation plan?

   • )What is a deferred compensation plan and are there any contribution limits?The State of Illinois Deferred Compens tion Plan (“Plan”) is a supplemental retirement plan for State employees. Contributions to the Pla can be made on a pre-tax or after-tax (Roth) basis through salary deferrals. How

   State of Illinois Deferred Compensation Plan Frequently Asked ... - iGrad

   media-cdn.igrad.com/DOCS/Illinois/Deferred_Comp_Plan_FAQ.pdf

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   What is the Illinois retirement plan?

   • The Plan is a voluntary retirement savings program for all State of Illinois employees. If you are a new State of Illinois employee and a member of the State Employees’ Retirement System (SERS), the General Assembly Reirement System (GARS), or the Judges’ Retirement System (JRS), you will be automatically enrolled in the Plan.

   A bold new path to retirement starts now - Illinois Department of

   cms.illinois.gov/content/dam/soi/en/web/cms/benefits/deferred/documents/2023.04.19 - Plan Highlights.pdf

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   Who decides if a fund is a deferred compensation plan?

   • The ultimate decision lies with you as the investor. You may call the investment funds for fund performance and/or additional literature. Below are answers to the most frequently asked questions about the State of Illinois Deferred Compensation Plan (“Plan”).

   Deferred Compensation Plan FAQ - Illinois Department of Central

   cms.illinois.gov/benefits/deferred/deferredcompensationfaq.html

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   What is a 457 deferred compensation program?

   • 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. Who is eligible to participate?

   A bold new path to retirement starts now - Illinois Department of

   cms.illinois.gov/content/dam/soi/en/web/cms/benefits/deferred/documents/2023.04.19 - Plan Highlights.pdf

   See all results for this question

   When will my deferred compensation deduction be adjusted?

   • If you manually enroll in the Plan, change your contribution amount or percentage, or revoke your contribution, then your Deferred Compensation deduction will be adjusted on the earliest pay period that your payroll office can facilitate the change. Please consult with your payroll office to determine which paycheck will reflect the change.

   State of Illinois Deferred Compensation Plan | Illinois Department of

   cms.illinois.gov/benefits/deferred/deferredcompensation.html

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10. www.eiu.edu › humanres › benefitsInvest in your future with the State of Illinois Deferred ...

    www.eiu.edu › humanres › benefits

    The DCP is a 457 retirement plan that allows you to invest for your future by contributing part of your pay, through payroll deduction, to a special retirement account.