457 – State of Nevada Deferred Compensation Plan
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 through the State of Nevada Deferred Compensation Plan. 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 and sent directly to Voya. The Deferred Compensation provider is Voya Financial.
To participate in this plan, navigate to the Workday home page and click on the Benefits worklet. Click on Retirement Savings under the Change column to edit your voluntary retirement benefits.
If you are already participating in the plan and wish to change your deferral amount you can change your deferral amount though Workday.
For more information about the NDC Plan, please view the Nevada Public Employees' Deferred Compensation Program Plan Document.
2018 Contribution Limits
Deferral Limits for 2018 – The IRS sets limits on the amount that you can contribute to the Plan each year. The annual deferral limits for 2018 are listed below:
||State of Nevada Deferred Compensation 457 Plan Regular Contribution Limits
||50+ Catch-Up Additional Contribution Limits