Committee Mark Stevens, Chair, Retired Kent Ervin, Ph.D., Vice Chair, NSHE Wayne Thorley, SOS Debbie Bowman, DHHS-ADSD Matt Kruse, EFFPD Staff Rob Boehmer, NDC Executive Officer Micah Salerno, Administrative Assistant Greg Ott, Acting Deputy Attorney General
	Questions about the NDC program Rob Boehmer, NDC Executive Officer 775-684-3397 email: rboehmer@defcomp.nv.gov Questions about your NDC account Voya®, Carson City office 866-464-6832 NDC@voya.com
	Thursday, August 23, 2018 9 a.m. Legislature Building 401 S. Carson St., Room 3138 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 Select Enroll Now and 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

The Nevada Public Employees’ Deferred Compensation Program (NDC) welcomes the summer with a bunch of exciting tasks at hand, and new educational opportunities to assist participants and employees with their Journey to and through retirement.

Retiree Financial Wellness Fair

The NDC Program held its fourth Annual Retiree Financial Education and Wellness Fair June 11, 13 and 14, 2018 in Las Vegas, Carson City and Reno in cooperation with our contracted recordkeeper, Voya Financial^®, NVPERS, Social Security and Nevada Public Employees’ Benefits Program. If you were unable to attend the fair’s live workshops or view them online, check out the NDC website to access valuable information or contact the NDC Administrative Office for assistance.

Request for Proposal of NDC recordkeeping contract

Per NRS 287.330(3)(c), the Nevada Deferred Compensation Committee is required to solicit proposals from qualified record keepers at least every five years. The NDC Committee, Administrative Staff, Nevada State Purchasing and the NDC-contracted Investment Consultant will work together throughout the remainder of the year to frame the Request for Proposal (RFP) for the Program’s recordkeeping contract.

In an effort to achieve the most efficient, cost-effective contract we can negotiate, we will evaluate all aspects of plan design, costs structure, service and interest rate guarantees. We will strive for a contract that provides Program participants with the best value in services and costs plus opportunities to improve participant financial wellness into and through retirement.

The NDC Committee and Executive Officer welcome feedback from participants and employees who are eligible to participate in the NDC Program. All suggestions will be reviewed by the NDC Committee members and Administration Staff as we develop our RFP and renegotiate this crucial contract. Please send your ideas in an email to Rob Boehmer, NDC Executive Officer.

Mark your calendars now…

To promote and participate in National Retirement Security Week, NDC will host the 12th Annual Financial Education Days during the weeks of October 15-25, 2018. Be sure to mark your calendars and plan to attend one of the many workshop sessions that will be held throughout the State of Nevada. More details will be sent to employees in the months to come and will run in our third quarter newsletter.

If you would like to discuss anything about the NDC Program with the Executive Officer,
please call 775- 684-3397 or send an email to Rob Boehmer.

In closing, all of us here at NDC wish you and your family a safe and enjoyable summer.

The benefits of an emergency fund

Sudden setbacks happen to everyone, sooner or later. Your car breaks down. Your refrigerator dies. Your best defense against an unexpected expense may be to start and maintain an emergency fund now.

Your emergency fund is money that you keep in a separate account where you can access it easily without a penalty. The cash helps you avoid dipping into the other accounts you’ve worked hard to build — and save for retirement and other priorities without interruption.

How much do you need in your emergency fund? For starters, consider setting aside at least enough for common emergencies, such as a car or home repair.

But experts suggest keeping an amount equal to three to six months of your living expenses in an emergency fund¹. Realistically, you might rely on those funds to stay afloat after a serious financial jolt, such as a job loss, accident or divorce. If you and your spouse work, you might want to keep double that amount in the fund.

Sound overwhelming? You can build up savings in small amounts over time. A fund with as little as $500 or $1,000 could help you avoid taking on more debt or drawing from your retirement savings in a crisis.

Here are some tips to help start and feed your emergency fund.

• Open an account that pays interest. Then manually transfer money regularly or set up automatic savings to direct money from each paycheck into the account.
• Set a goal you know you can reach. Your initial savings goal might be equal to one week’s pay.
• Aim higher and keep saving until you have a liquid reserve equal to three to six months of your living expenses.
• Track your spending to free up money here and there. For example, if you could pass up buying a soft drink and snack to save just $5 a day, in a year you would have $1,825.
• Save raises and tax refunds to boost the fund.
• Replenish the fund as soon as you can after you tap it for an emergency.

¹ ”Special Report: The case for an emergency fund,” Voya Services Company, 2017

Online tools to help you stay on track with your goals

Whenever you log into your NDC account, you have access to resources to help you take a approach toward planning for your future.

See your savings as future income

You can see how your NDC account translates into estimated monthly income in retirement when you engage with myOrangeMoney^® every time you log in.

myOrangeMoney is designed to help you picture when you’ll have enough to retire. A dollar bill graphic represents the estimated retirement income you’ll need each month. It shows the progress you’ve made toward your income goal so far, based on how you’re saving and investing in your account now.

Check your progress regularly. If you’re falling short of your retirement income goal, you can use myOrangeMoney to try out different saving and retirement age scenarios. You’ll discover the impact on your estimated future income instantly before you make a decision. To change your contribution level, complete and return the Payroll Deduction Form available on the Plan website under Resource Center.

Organize all your finances

Saving for retirement is an important financial goal. But other financial priorities often compete for a piece of your paycheck, too: getting rid of debt, saving for college or buying a home. How do you create and stick to a plan to juggle it all? Your Personal Financial Dashboard can help.

To use your Personal Financial Dashboard, log into your account, select Organize your $$$ and follow the easy steps. Enter as many accounts as you like: checking, saving, credit cards, mortgage, insurance, retirement and so on.

This is your own private financial space: your employer and Voya^® cannot see it. There are no intrusive ads or emails. The tool encrypts your information using advanced security features.

You can see all of your accounts on one screen and all your priorities in one place. The tool can update your information automatically, so you always have a current view of your complete financial picture.

IMPORTANT: The illustrations or other information generated by the calculators are hypothetical in nature, do not reflect actual investment results, and are not guarantees of future results. This information does not serve, either directly or indirectly, as legal, financial or tax advice and you should always consult a qualified professional legal, financial and/or tax advisor when making decisions related to your individual tax situation. Consult your own legal and tax advisors regarding your situation.

A service to help make your financial life simpler

Earlier in your career, you may have changed jobs a few times, and have money in your former employers’ retirement plans. Since you no longer work for those employers, you can’t contribute to those plans anymore. But you do need to keep track of the investments in those accounts.

Now that your retirement is approaching, it might be easier to organize everything in one place, especially if you like the investments and other features of your NDC account.

The NDC Program welcomes rollovers. You’re allowed to roll over balances from eligible employer sponsored 401(a), 401(k), 403(b) and governmental 457(b) plans and traditional Individual Retirement Accounts into your NDC account. A rollover moves a distribution from one retirement plan account to another, in accordance with IRS rules.

You might consolidate your retirement savings if you want:

• A clearer picture of your retirement savings and investments
• The simplicity and convenience of managing one account using one website and toll free Plan Information Line
• The possibility of saving on fees by combining separate accounts into one

Is a rollover into your NDC account right for you? Find out by using the complimentary service the NDC Program makes available to you.

Call the Account Consolidation Team* toll free 866-865-2660 or send an email to ACT@voya.com. They can walk you through your choices. The team will work with you from the moment you pick up the phone until the process is done. If you decide to go ahead with the rollover, the team will contact your former employer or other retirement account provider and streamline the paperwork. There’s no cost, no pressure and no obligation for this service.

Carefully consider the potential differences and/or similarities between the various qualified retirement accounts before making investment related decisions. Also, please consider the investment objectives, risks, charges and expenses of the investment options carefully before investing.

* Registered representatives of Voya Financial Advisors, Inc., (member SIPC)

Tips for keeping your NDC account secure

Protecting your personal information can reduce your risk of identity theft. Here are precautions you can take to help keep your online NDC account safe.

• Change your password regularly. Use a unique password that’s a strong mix of upper and lower case letters, numbers and special characters. Avoid writing down or emailing passwords or Personal Identification Numbers. Don’t share passwords or PINs or answers to security questions with anyone.
  
  
• Monitor your NDC account frequently. It’s easy to log into your account any time at nevada.beready2retire.com.
  
  
• Open statements and transaction confirmations immediately to verify all activity on your account, such as contributions, withdrawals and transactions. To receive account information faster, sign up for electronic delivery of statements and other documents.
  
  
• Take care of your computer and mobile devices. Install the latest operating system, patches, and antivirus and antispyware software.
  
  
• Don’t use an automatic login feature that saves your user name and password, and always log off when you’re finished viewing your account.
  
  
• When you access your account in an airport, library, hotel or other public place, be sure you’re using a secure wireless network so your information is protected.
  

THE DEFERRED WORD   |  Second Quarter 2018

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    |    defcomp.nv.gov

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.

CN0515-42216-0620D

NEWSLETTER ARCHIVE