State and Local Governments are permitted under current IRS rules to offer Deferred Compensation (457 plan) plans to its employees. Since UNLV is a state agency, we also offer this plan to our employees. This plan is administered by the State of Nevada Deferred Compensation Committee.
Currently, employees can open an account with Voya Financial and contributions are taken from the employee’s paycheck through Workday and sent directly to Voya. Contributions can be made pre-tax and investment earnings are tax-deferred or post-tax (Roth) and earnings will be tax free upon eligible withdrawal.