What's New?

The Nevada Public Employees’ Deferred Compensation Program (NDC) welcomes the summer with a bunch of exciting tasks at hand, a new look, and Plan enhancements to assist participants and employees as you NV Your Retirement.

NDC Has Fared Well During Turbulent Times

It is no surprise that the participants in the NDC Program have fared well during these most recent turbulent times. Historical investment trends have illustrated that health crises could and usually will affect market volatility. Many Employer Sponsored Defined Contribution Plans across the country saw Plan assets decreased by as much as 36% within a month’s time due to the COVID-19 pandemic. With its consistent oversight, low costs and substantial interest guarantees, the NDC Program not only limited the downside to participants but quickly recovered as well. It is important to remember that the NDC Program Committee and Administrative Staff, with the assistance of our contracted Investment Consultant and Recordkeeper, reviews, selects and monitors each of the investment options within the Plan’s core investment lineup. Due to the Plan’s design and adopted Investment Policy, the Committee strives to always select investment options that meet or exceed our established benchmark policy and provide participants with the most cost-efficient option available to the Plan. The NDC Administration reminds participants to stay the course and allow time to work towards your advantage, and not try to time a volatile market. Participants that are closer to their retirement horizons should always measure the amount of risk they feel comfortable taking before taking action in response to a volatile market environment as well. Contact the NDC Administrative Staff at 775-684-3397 for questions. We are here to assist you.

As of August 17, you can also speak with a Voya Retirement Advisors (VRA) Investment Advisor Representative* for investment advice on the new NDC Plan Information Line by calling toll-free at (855) GO-RET-NV (467-3868).

REMINDER: NDC Plan Enhancements

As part of the newly negotiated NDC Recordkeeping contract with Voya Financial, NDC will be receiving multiple Plan enhancements and benefits in August. For more information, please review the NDC Plan Enhancement Guide that was recently mailed to all participants.

NDC Welcomes Lincoln County Employees to the Plan

We are pleased to announce that the NDC Committee has approved Lincoln County to adopt the NDC Program as its sole deferred compensation plan option to its near 100 employees. Lincoln County represents the 13th of the 16 counties in Nevada to join the State of Nevada Public Employees’ Deferred Compensation Program. This adoption offers more of our rural government employees one of the most robust and valuable supplemental retirement plans available throughout the state. We welcome you all to the NDC Program, and look forward to assisting Lincoln County’s valued employees with their journey to and through retirement.

Mark your Calendars Now….

To promote and participate in National Retirement Security Month, NDC will again host the 14th Annual Financial Education Days in October, 2020. Be sure and mark your calendars to be able to attend one of the many virtual workshop sessions that will be held throughout the month. More detailed information will be sent out to employees and participants this summer, and in our October newsletter as well.

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

Good things take time. (Especially, your dreams)

It takes imagination, planning and determination to stay on track toward your saving and retirement goals, no matter what is going on in the world around you.

Whether your long-term goals include saving to make a big purchase or retiring well, making good short-term financial decisions every day will help you stay on track for the best that’s yet to come. Learning to make and commit to long-term financial choices doesn’t happen overnight, though. Sometimes when you’re going forward, you can also get knocked off course. What’s important to remember is that it’s how you get back on track that matters. Good things really do take time and developing good money habits do too.

So, where do you start on your financial wellness journey? Your NDC account online has resources and tools to help. Visit and log in to nevada.beready2retire.com today then click Financial Wellness at the top of the page to take a quick assessment of core questions that are aligned with the six pillars of financial wellness. After completing the assessment, you’ll receive a personalized summary of your results that help you see where you are today and what you can do in the short and long-term to improve your financial situation.

Now that you know where you stand, join the retirement champions of Voya Learn for live and on-demand online video sessions about new ways to think about money. Their saving, spending and budgeting ideas can help get you into the habit of saving for all of the good things in your life that take time.

To learn more good money habits over time visit voya.com/voyalearn.

Protect yourself and the ones you love

Is your quality of life protected for your loved ones in case of a disability or death? Protection products like disability and life insurance can help supplement your finances if you’re injured and provide peace of mind and security for your loved ones if the unexpected occurs. While everyone’s needs and budgets are different, here are some reasons to consider protecting yourself and your income.

Starting out
As a single adult, life insurance is often overlooked. But if you have any debt with a co-signer, they’d be responsible to complete payments should you pass. If you are a single parent, disability insurance could help provide the funds needed to support yourself and your children.^1,2

Gaining momentum
As a newly married couple, you may have added a new mortgage and little ones to the equation. Protecting your family means getting enough coverage to replace income, pay the mortgage, and cover future life expenses like tuition.^1,2

Balancing
At this stage of life, you may find yourself both preparing to send your kids to college and caring for elders. To protect yourself, disability coverage helps cover the loss of income and life insurance with a cash value component may help you accumulate funds to help supplement additional expenses.^1,2

Transitioning
So your kids are all moved out and life is a little quieter. At this stage you may own your home and still work, but you’re also nearing your retirement goal. So the need to protect your income with disability insurance is not as great in your final working years. You still need to protect the well-being of your spouse and cover other life expenses, though. It’s time to reassess your insurance needs and possibly work with a financial professional to adjust your protection plan.^1,2

Retiring
So you’ve finally retired. What a sweet relief! Being financially responsible, however, doesn’t stop there. Your cash value life insurance policy may be used to help supplement your retirement income. That way, you can still protect the ones you love – for life.

Sources:

¹ Life insurance at different stages, Voya Financial, https://www.voya.com/articles/life-insurance-different-life-stages

² Life insurance: a Swiss Army Knife in your portfolio, Voya Financial, https://www.voya.com/articles/life-insureance-swiss-army-knife-your-portfolio

New investment advice resources available beginning August 17!

Investment advice and new online resources will be available to you in the upgraded NDC Plan through Voya Retirement Advisors (VRA), powered by Financial Engines. On or after August 17, you can:

Speak to a VRA Representative

Get personalized advice from an investment advisor by calling toll-free (855)GO-RET-NV (467-3868) weekdays from 5:00 a.m. to 5:00 p.m., PT., excepton stock market holidays. There is no additional charge to speak with a VRA representative.

Log in for online advice

Online advice – available at no additional cost – is a service designed for individuals who prefer to manage their own account but want some professional guidance along the way. Online advice provides you with investment suggestions and shows you how changes to your retirement and other savings goals may affect your potential retirement income. Just log in to your NDC account at nevada.beready2retire.com and click the Voya Retirement Advisors link to get started. If you have questions about the Online Advice service, you can speak with a VRA Representative at no additional charge.

Sign up for Professional Management

The Professional Management program – available for an additional fee based on your NDC account balance – lets you work with a VRA Representative who will review your retirement savings and investments, walk you through a personal assessment, suggest changes to your Plan investment choices and savings amounts, manage your account on an ongoing basis, and provide Quarterly Retirement Updates. For more information on Professional Management and to speak with a VRA Representative, please call (855)GO-RET-NV (467-3868).

To enroll in Professional Management, you may be required to enter into a services agreement with VRA. The State of Nevada Public Employees’ Deferred Compensation Program does not review individual participant services agreements. You should consider seeking your own independent legal advice regarding your rights and obligations under the services agreement. Professional Management fees are 0.50% (50 bps).

Advisory Services provided by Voya Retirement Advisors, LLC (VRA). VRA is a member of the Voya Financial (Voya) family of companies. For more information, please read the Voya Retirement Advisors Disclosure Statement, Advisory Services Agreement and your plan’s Fact Sheet. These documents may be viewed online by accessing the advisory services link(s) through your plan’s website at nevada.beready2retire.com. You may also request these from a VRA Investment Advisor Representative by calling your plan’s information line at (855) 467-3868. Financial Engines Advisors L.L.C. (FEA/Financial Engines) acts as a sub advisor for Voya Retirement Advisors, LLC. FinancialEngines Advisors L.L.C. (FEA) is a federally registered investment advisor and wholly ownedsubsidiary of Edelman Financial Engines, LLC. Neither VRA nor FEA provides tax or legal advice. Ifyou need tax advice, consult your accountant or if you need legal advice consult your lawyer. Futureresults are not guaranteed by VRA, FEA or any other party and past performance is no guaranteeof future results. Financial Engines® is a registered trademark of Edelman Financial Engines, LLC.All other marks are the exclusive property of their respective owners. FEA and Edelman FinancialEngines, L.L.C. are not members of the Voya® family of companies. ©2018 Edelman FinancialEngines, LLC. Used with permission.

Mange your NDC account online

The nevada.beready2retire.com participant website will have a new look on August 17. If you’ve never accessed your account online, the new enhanced NDC Plan is a great time to start! Already registered? Great! Use the same NDC account username and password to log into the new participant website.

Registering your NDC account is important

Not only does it help you access tools and resources for your account, but it takes advantage of Voya’s layers of strong online security to help provide protection against the ongoing risk of fraud and cyber threats. Remember, you’re MORE protected by creating your own NDC account username and password than you would be if you didn’t register! Go to the Log In box at nevada.beready2retire.com and click Register to get started.

Name your NDC account beneficiary

Have you named a beneficiary on your NDC account? If you have, great! But when was the last time you reviewed your beneficiary designation(s) to ensure they remain aligned with your wishes? We encourage you to check every year to make sure your legacy wishes are up-to-date. We also encourage you to check your NDC and all other financial accounts every time there is a major life change such as a marriage, birth, death, or divorce. Remember, your NDC account beneficiary does NOT automatically update if you change your beneficiary on other accounts. Log into your account and go to Personal Info > Beneficiary Information to review, change, or name a beneficiary and help protect your loved ones!

Go green with e-Delivery

Your NDC documents are available to you online at any time. You can pitch the paper and reduce the amount of physical mail you receive by going “green” with your NDC account. Just log in and select My Profile > Communication Preferences to sign up. Then follow the instructions to provide your email address and choose the notifications you’d prefer to receive electronically instead of by US Mail.

It’s never been easier to manage your NDC account online. We hope you’ll take advantage of all of the online resources and tools that NDC has available to guide you

THE DEFERRED WORD   |  Second Quarter 2020

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

Plan administrative services are provided by Voya Institutional Plan Services, LLC (VIPS). VIPS is a member of the Voya^® family of companies and is not affiliated with the State of Nevada Public Employees’ Deferred Compensation Program.

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NEWSLETTER ARCHIVE