Steve C. Woodbury, Chair, GOED
Mark Stevens, Vice Chair, Retired
Karen Oliver, GCB
Kent Ervin, Ph.D., NSHE
Todd Myler, DHHS-ADSD

Rob Boehmer, Program Coordinator
Micah Salerno, Administrative Assistant
Dawn Buoncristiani, Deputy Attorney General


Rob Boehmer
NDC Program Coordinator

Voya®: 1-866-464-6832


Planning session
January 26, 2017

Governor’s Office of Economic Development
808 W. Nye Lane, Conference Room
Carson City

Quarterly meeting
February 15, 2017

Governor’s Office of Economic Development
808 W. Nye Lane, Conference Room
Carson City


If you are interested in saving for retirement and have not enrolled in the Nevada Deferred Compensation Program, choose any of these convenient ways to get started now.

EZ Enrollment
Visit the NDC website to download and complete the EZ Enrollment Form and fax it to the NDC office.

Enroll online
Follow the two-step process after you click here.

Meet with your Voya local representative
Call toll free 1-866-464-6832 or 775-886-2400 to set up an appointment to review your personal situation and complete the forms.


What's New

As the New Year begins and the 79th Nevada Legislative Session kicks off, the Nevada Public Employees’ Deferred Compensation Program (NDC) prepares to consider some exciting changes and new educational opportunities to assist participants and employees with their Financial Wellness Journey to and through retirement.

Financial wellness education

The NDC sponsored Annual Financial Wellness Days were held October 17 – 25, 2016 in conjunction with National Retirement Security Week. Nearly 1,000 government employees participated in financial wellness workshops across the State and via the Internet. Participants were assisted with developing their own Financial Wellness Road Map that included a Retirement and Financial Wellness Checklist. If you were unable to participate, you can view the workshops at NDC will offer more financial wellness educational opportunities in 2017.

Another asset class weighed

The NDC Committee is considering whether to further diversify the NDC Program’s core investment lineup by adding an option that invests in small companies, mid-sized companies or a combination of both. The NDC contracted investment consultant will research and present different small cap, mid cap and small/mid cap investment options to the NDC Committee and Program Administration in the upcoming months. If you have suggestions, questions or concerns about adding asset classes or investment options, please call Rob Boehmer, NDC Program Coordinator, at 775-684-3397 or send an email to

Upcoming focus group on program fees

As you read in The Deferred Word Second Quarter 2016 newsletter, the NDC Committee and Program Administration is studying how other deferred compensation and defined contribution programs cover plan administration costs as a benchmark for comparing the NDC Program’s current fee structure. A focus group will be held to provide additional input on program fees. If you would like to be part of the focus group, please call Rob Boehmer, NDC Program Coordinator, at 775-684-3397 or send an email to

New NDC Committee member

NDC is happy to announce that Governor Sandoval has appointed Todd Myler as the newest member of the NDC Committee. He is an Administrative Services Officer for the Nevada Health and Human Services’ Aging and Disability Services Division who has served the State of Nevada for the past 10 years, working with the Department of Employment, Training & Rehabilitation, the Division of Mental Health and Developmental Services and the Health Division.

Thanks to Audrey Brooks-Scott

Together with Governor Sandoval’s office, the NDC Committee and Program Administration would like to extend our appreciation to Audrey Brooks-Scott for her dedication and service on the NDC Committee. Her fiscal perspective, knowledge and skills will be truly missed. We wish her the best of luck in her future endeavors.


NEW TO THE PLAN ^ top of page

2017 contribution limits

Maximum Annual Contribution
Maximum including Age 50+ Catch-Up $24,000
Maximum including Three-Year Special 457(b) Catch-Up Up to $36,000

The combined total of your traditional 457(b) and Roth 457(b) contributions cannot exceed these 2017 limits.

If you’re at least age 50 in 2017, you are allowed to contribute an extra $6,000 with the Age 50+ Catch-Up, for a total of up to $24,000. And if you are within three years before the year in which you will reach normal retirement age as defined in the NDC Program and you have not contributed as much as the IRS limits permitted you in prior years, you may be eligible to contribute up to $36,000 with the Three-Year Special 457(b) Catch-Up. Since this catch-up option takes into account your prior contributions and requires you to complete a Three-Year Special 457(b) Catch-Up calculation worksheet, please call 1-866-464-6832 or 775-886-2400. A representative assigned to the NDC Program by our contracted recordkeeper, Voya Financial®, will assist you with calculating the amount available to you and completing the worksheet.

Remember, if you are eligible for both catch-up options in the same tax year, IRS rules provide that you cannot use both in the same tax year. However, you may use the option that lets you defer the greater amount.

Small savings can really add up

If you could pass up buying a soft drink or coffee and a snack to save just $5 a day, in one year you would have $1,825.

One way to start is to keep tabs on where your money is going for at least a week — a month would be even better. Record every amount in a notebook or on your smart device, from that morning cup of coffee to dinners out. There are also free online services to help you track your spending.

Look at how much you spent, then see where you can cut back. By making changes that free up a few dollars here and there, you could build up a cash cushion and develop a habit of saving for your future.



Rebalancing to maintain your investment mix

Don’t keep all your eggs in one basket. If that idea makes sense to you, you’ve got a great start on understanding asset allocation and how it can help you.

Remember, you won’t need to rebalance your account if you:

  • Invest in the NDC Program’s target retirement date funds, or
  • Are enrolled in the Managed Accounts service from Morningstar® Retirement Manager*

Asset allocation involves spreading the money in your NDC account across different asset classes. Stocks, bonds and cash equivalents are some examples of asset classes. They have their own characteristics and reactions to market changes.

Generally speaking, you may benefit from broad diversification and exposure to the major asset classes. Historically, market conditions that cause one asset class to do well often cause others to have average or poor returns. Investments with the potential for higher return also have more risk. With lower risk comes a lower potential return. That’s why choosing an asset allocation using investments in a mix of asset classes can help balance your NDC account’s overall return and risk. Keep in mind, past performance is no indication of future results.

Over time, change is inevitable. Market gains or losses may push your NDC account’s investments out of alignment with your original asset allocation, exposing you to more risk than you intended. Or the asset allocation you chose at an earlier time in life may no longer be the ideal allocation as you approach retirement. In either case, you may need to rebalance your account.

Activating the automatic rebalancing feature for your NDC account can make it simpler. After you log into your account at,
choose Manage Investments, then Rebalance Account.

Rebalancing is adjusting your investments to maintain a specific mix. Typically, rebalancing involves selling investments in one asset class to buy shares of investments in another asset class. This helps reduce risk by preventing overexposure to a single asset class.

Of course, rebalancing and diversification do not assure or guarantee a profit and cannot prevent loss in declining markets. But having a careful plan for your investments can help you manage risk and stay the course during periods of market volatility.

Click here to see how much you are allowed to contribute to your NDC account in 2017.



* IMPORTANT: The projections or other information generated by Morningstar® Retirement ManagerSM regarding the likelihood of various retirement income and/or investment outcomes are hypothetical in nature, do not reflect actual results (including investment results) and are not guarantees of future results. Results may vary with each use and over time.

Morningstar® Retirement ManagerSM is offered by Morningstar, Inc. and is intended for citizens or legal residents of the United States or its territories. The investment advice delivered through Morningstar Retirement Manager is provided by Morningstar Investment Management LLC, a registered investment adviser and subsidiary of Morningstar, Inc. Morningstar Investment Managements’ advisory service relates solely to the investment options offered under the Plan. Retirement plan funding products offered through Voya Financial Partners, LLC (member SIPC) or other broker dealers with which it has selling agreements. Voya Financial provides Morningstar Investment Management with the Plan’s investment options and information about participants, but the decisions regarding the advice provided are made by Morningstar Investment Management. Voya and its companies are not affiliated with Morningstar Investment Management, LLC or its affiliates, and receive no fee or other direct financial benefits from Morningstar Investment Management in connection with the use of its services. The Morningstar name and logo are registered marks of Morningstar, Inc.



A way to save more, once in a lifetime

The NDC Program’s Three-Year Special 457(b) Catch-Up provision is a once in a lifetime opportunity to put away more for your future as you get closer to retirement.

Using the Three-Year Special 457(b) Catch-Up involves planning in advance. Four to five years before the year you expect to elect as your normal retirement age, you should call to schedule a meeting with one of the local representatives from the NDC Program’s contracted recordkeeper, Voya Financial® , at 1-866-464-6832 or 775-886-2400, to discuss whether you are eligible for this catch-up and to ensure proper planning.

Here are the facts you should know about the Three-Year Special 457(b) Catch-Up:

  • It provides for up to three consecutive years of contributions beyond the IRS maximum annual contribution limit to help you “catch up” for earlier years when you did not contribute the maximum amounts allowed by the IRS.
  • To be eligible, you must have satisfied the criteria to receive a benefit (without reduction) from NVPERS.
  • The window of opportunity to take advantage of the Three-Year Special 457(b) Catch-Up is within the three consecutive calendar tax years prior to the year that you have elected as your normal retirement age as defined by the NDC Program.
  • You must have amounts underutilized/unused from previous years you were eligible to participate in the NDC Program in order to qualify.
  • This provision allows you as an employee to contribute more than the IRS maximum annual contribution limit (up to double the current year’s declared contribution limit each year for three consecutive years), based on the amount of prior underutilized contributions from previous years. Using the Three-Year Special 457(b) Catch-Up in 2017 allows you to contribute up to $36,000, which is double the maximum annual limit of $18,000.
  • Contributions must be made through payroll deductions only.
  • The Three-Year Special 457(b) Catch-Up is a once in a lifetime opportunity that may be used only one time.

You should consider talking with your tax or financial adviser about whether using the Three-Year Special 457(b) Catch-Up is appropriate for your situation before making a decision.

If you are eligible for both the Three-Year Special 457(b) Catch-Up and the Age 50+ Catch-Up in the same tax year, IRS rules provide that you can use the catch-up that lets you defer the most. However, you cannot contribute under both catch-ups in the same tax year. See page 2 for details about the Age 50+ Catch-Up.





Dealing with debt in retirement

At the start of the New Year, you may be carrying more debt than usual as the bills for holiday spending roll in.

Now more than ever, it’s important to know where you stand. Here are some strategies that could help you stay in control.

  • When you compare your income versus your expenses, look closely how much debt you have and the interest rate on each balance owed. If you can afford to, pay more than the minimum amount whenever you can. Consider consolidating your debt to possibly manage it better.
  • If you carry high-interest credit cards and have a good payment history, you may be able to negotiate a better rate with the credit card company.
  • Be cautious of credit solicitations aimed at retirees. If you are offered a new credit or store card, review the interest rate and other terms carefully.
  • Paying on time can help you avoid fees and interest hikes.
  • You might want to switch to cash for day-to-day purchases.
  • To protect your credit, know your current credit score and review your credit report regularly. You are entitled to one free copy of your credit report every 12 months from each of the three nationwide credit-reporting companies. To order your copy, visit
    or call 1-877-322-8228.

The Voya® family of companies does not offer financial, legal or tax advice. For such advice, consult with a financial or tax advisor or legal attorney.






THE DEFERRED WORD   |  Fourth Quarter 2016

Nevada Public Employees’ Deferred Compensation Program (NDC)
Nevada State Library and Archives Building, 100 N. Stewart Street, Suite 100, Carson City, NV 89701

Phone 775-684-3397    |    Fax 775-684-3399    |


Securities and investment advisory services offered through Voya Financial Advisors, Inc. (member SIPC)

Insurance products, annuities and funding agreements are issued by Voya Retirement Insurance and Annuity Company (“VRIAC”), Windsor, CT. VRIAC is solely responsible for its own financial condition and contractual obligations. Plan administrative services provided by VRIAC or Voya Institutional Plan Services LLC (“VIPS”). VIPS does not engage in the sale or solicitation of securities. All companies are members of the Voya® family of companies. Securities distributed by Voya Financial Partners LLC (member SIPC) or third parties with which it has a selling agreement. All products and services may not be available in all states.

Nevada Deferred Compensation is not affiliated with the Voya family of companies.





^ top of page
  2016 2015 2014 2013 2012 2011
  3rd Quarter 2016
2nd Quarter 2016
1st Quarter 2016
4th Quarter 2015
3rd Quarter 2015
2nd Quarter 2015
1st Quarter 2015
4th Quarter 2014
Summer 2014
Spring 2014
Winter 2014
Fall 2013
Summer 2013
Winter 2013
Fall 2012
Spring 2012
Fall 2011
Summer 2011
Spring 2011
Winter 2011