“Ah, September! You are the doorway to the season that awakens my soul... but I must confess that I love you only because you are a prelude to my beloved October.” – Peggy Toney Horton

As the Nevada summer comes to a close and autumn begins, the Nevada Public Employees’ Deferred Compensation Program (NDC) prepares for exciting changes and new educational opportunities to assist participants and employees with their journey to and through retirement.

NDC receives Leadership in Excellence Award from NAGDCA

The NDC Program received yet another Leadership in Excellence Award from the National Association of Government Defined Contribution Administrators (NAGDCA) in recognition of our multi-year development and execution of the NDC Cybersecurity Policy. The policy was among the first of its kind for government plan sponsors and reflects the collaboration of the Nevada Deferred Compensation Committee & Administrative Staff, Chief Information Officer’s Office (OCIO), State Risk Management, and our contracted partners, Voya and Hyas Group Consultants, to establish minimum requirements and benchmarks while sustaining the Governor’s 3-year plan policy matrix. NDC Administrative Staff and Committee members attended the NAGDCA Annual Conference in Phoenix, where we engaged in important training opportunities and represented the State by accepting the Leadership Award. Cybersecurity is a shared responsibility and, in this case, presented a perfect example of partnership to help streamline service delivery and important operational efficiencies.

Plan for the future during Nevada Saves Month

Every October, the NDC Program presents Nevada Saves Month in conjunction with and recognition of National Retirement Security Month (NRSM). This year, we invite all employees to take some time to think about their retirement future. The NDC Program can help put that future in perspective with 5 important things you can do now and throughout the year to help achieve your future financial goals and improve your overall financial wellness.

To celebrate Nevada Saves Month, all State, NSHE, or local Political Subdivision employees and/or existing Program participants who enroll in the NDC Program, increase their NDC contributions, or register their nevada.beready2retire.com account online in October will be entered to win a special Nevada Deferred Compensation prize!

Below, The Deferred Word will go into more detail about Nevada Saves Month, including dates, times, and topics for this year’s series of live webinars presented to all employees and their families. We hope these sessions will help improve your overall financial security now and into retirement. Mark your calendars for the week of October 21st and we look forward to seeing you there.

Exciting NDC news from Governor Lombardo

We are pleased to announce that Governor Lombardo has re-appointed Ms. Samantha Jayme from the DHHS-ADS Division to continue her service on the NDC Committee for an additional 4-year term. Samantha continues to bring great insight and perspective from the newest generation of public service employees, and we look forward to her continued participation.

In closing, all of us here at NDC first hope you take something away from Nevada Saves Month to get you closer to a secure financial future, followed by a safe and enjoyable holiday season for you and your family.

October is Nevada Saves Month

The NDC Program and our contracted recordkeeper, Voya^®, celebrate Nevada Saves Month every October to help State employees clear their path to financial confidence and a more fulfilling life. This year, you’ll learn 5 important ways that you can help achieve your future financial goals.

How many of these things do you currently do with your NDC account? The more engaged you are with your account, the more informed you are about your retirement progress and able to make adjustments as needed to complete the journey to retirement on your terms.

1. See how much you can afford to save each paycheck. Have you ever wondered how much money you will need to retire or how much can you afford to save from each paycheck? If you don’t know the answers to these questions, My Retirement Overview^® can help.
   
   
2. Allocate your current assets and future contributions. How is your NDC account balance invested? How will future contributions to your NDC account be invested? You are responsible for directing and managing the investment of your contributions, so resources like the NDC Investment Options Overview are available to help you invest your way.
   
   
3. Visit nevada.beready2retire.com. Did you know that unregistered online accounts are more at risk to be compromised by fraudsters than registered accounts? While all online financial accounts are important, let’s start by focusing on your NDC account. Visit nevada.beready2retire.com and log in regularly to review your recent account activity.
   
   
4. Estimate your retirement progress. Do you know how your NDC account balance translates to monthly income? myOrangeMoney^® can help you estimate your progress toward creating sustained income throughout retirement. Whether retirement is 5 years or 40 years away, myOrangeMoney helps to estimate where you stand on the journey to retirement and what you can do to improve your outlook. Visit nevada.beready2retire.com to start.
   
   
5. Simplify your financial life. Voya can help you roll retirement accounts from former employers into your NDC account to simplify your retirement planning process. Consolidating accounts can help you stay on top of your finances by investing consistently, paying the same fees, and tracking your retirement progress in one place. Call (866) 865-2660 or email ACT@voya.com to learn about your options to help simplify your financial life.

How many of these 5 important ways have you not explored? This Nevada Saves Month, be intentional with your retirement planning and take the next best step to achieve your future financial goals. For questions about any of these tips, call the NDC Administrative Office at (775) 684-3398 or attend any of the Nevada Saves Month webinars featured in the next article. We’d love to help.

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.

Retirement Consultants are registered representatives of and offer securities through Voya Financial Advisors, Inc. (member SIPC).

Please carefully consider the benefits of existing and potentially new retirement accounts and any differences in features. Please note that assets rolled over from other non-457 plans (such as 401(a)/401(k), 403(b), a traditional IRA) may remain subject to the IRS 10% premature distribution penalty tax.

Join us for a retirement planning webinar during Nevada Saves Month

All eligible non-participating employees, NDC participants, and their families are invited to attend any of our Nevada Saves Month webinars. The live webinars will be available through Microsoft Teams Enter the Meeting ID to join through Teams (go to Calendar > # Join with an ID) or call (775) 321-6111 and enter the Phone Conference ID to attend a session by phone. We hope to see you there.

Get To Know Your NDC Account: Tools & Demonstration

October 21 at 9:00 am
Meeting ID: 255 738 245 896, Passcode: iNymcy
Phone Conference ID: 486 814 758

October 24 at 1:00 pm
Meeting ID: 272 995 663 933, Passcode: LUDRyr
Phone Conference ID: 703 259 941

For all audiences. Join us to learn the basics of the NDC Program, how to enroll, how to register your account online, how to use online tools and resources, making changes to your account, and more.

NDC Basics & Beyond:
A Holistic View to Key State Benefits

October 21 at 1:00 pm
Meeting ID: 282 363 954 527, Passcode: QoUhjD
Phone Conference ID: 620 960 879

October 23 at 8:30 am
Meeting ID: 294 179 773 93, Passcode: eWP4Kw
Phone Conference ID: 941 210 136

For all audiences. Join us to learn about the NDC Program, the responsibilities of the NDC Committee and Administrative Office, how much you’ll need to retire, how much you should save for retirement, Plan features, managing your account, and more.

Retiring Minds Want to Know

October 22 at 8:30 am
Meeting ID: 288 773 513 936, Passcode: SkPMAx
Phone Conference ID: 827 878 568

October 23 at 11:00 am
Meeting ID: 267 593 542 511, Passcode: PUVtcc
Phone Conference ID: 708 371 125

For NDC participants who are within 10 years of retirement. Join us to learn how to use NDC account tools to estimate your NVPERS pension, Social Security, and healthcare costs in retirement. You’ll also learn how to utilize your savings in the years leading up to retirement, how to manage your investments to and through retirement, and the distribution options from your NDC account.

Purchasing Service Credit in NVPERS with NDC Assets

October 21 at 11:30 am
Meeting ID: 256 153 762 365, Passcode: URXzj6
Phone Conference ID: 779 395 845

October 22 at 11:30 am
Meeting ID: 255 169 392 120, Passcode: wufqhw
Phone Conference ID: 378 145 199

For NDC participants who are members of the Nevada Public Employees’ Retirement System (NVPERS). Join us to learn how to use your NDC funds to purchase service credits including who to contact, what forms to request, how to complete the forms, submitting forms for processing, distributing funds once the request is processed, and more.

Getting to Know the NDC Investment Advice Tools

October 23 at 1:30 pm
Meeting ID: 278 118 145 636, Passcode: Hb7v2W
Phone Conference ID: 310 416 628

October 24 at 10:30 am
Meeting ID: 253 526 083 524, Passcode: GWEHpV
Phone Conference ID: 939 707 916

NV Retirement: Understanding Employer/Employee and Employer Only Contribution Models

October 22 at 1:00 pm
Meeting ID: 220 715 240 396, Passcode: ZT5TAb
Phone Conference ID: 833 749 286

October 24 at 8:30 am
Meeting ID: 257 170 641 304, Passcode: 9WrbEa
Phone Conference ID: 941 167 104

For all NDC participants. Join us for a tour of the NDC’s online investment advice tools. You’ll also learn the steps to change your current and future investment allocations in your secure online NDC account.

Meet Dasiey, a Yorkshire Terrier and Maltese mix who enjoys some light reading while waiting for the next Deferred Word, submitted by Christina Berish. Send your pet pictures (include names too) to deferredcomp@defcomp.nv.gov

October is also Cybersecurity Awareness Month.
Learn how to protect your data online.

Despite the advancement of digital tools, your personal information online is still at risk. Hackers continue to find new ways to compromise security. It’s up to you to be your own first line of defense when it comes to protecting yourself against growing cyber risks.

Here are Voya’s Top 10 Fraud Prevention Tips to help keep your
information safe and secure.

1. Update your software and operating systems. Outdated systems make your personal information and accounts vulnerable.
2. Protect your systems with anti-virus software. Anti-virus software can help prevent your exposure to new threats.
3. Establish unique, long and complex passwords. Passwords that are easily guessed, reused across multiple accounts, or shared, potentially put you at risk.
   
4. Never share your account passwords, PIN, one-time passcode, Social Security number or any other personal information. Sharing personal information increases the risk of fraud.
5. Protect and secure your login information. Do not store login information on your computer or leave passwords written in places that can be accessed by others.
6. Enable multi-factor authentication (MFA), preferably to a mobile device. While email is allowed, MFA with a mobile device is safer.
7. Be cautious of suspicious emails. Fraudsters are adept at imitating legitimate emails. Avoid clicking on links or opening attachments from unfamiliar sources.
8. Be alert to fraudulent phone calls. If you don’t recognize the number, think twice about picking up. Scammers can mimic local area codes to get you to answer.
9. Be aware of changes to your normal mail delivery activity. Fraudsters are known to submit a change of address or place a hold on mail delivery, so you do not see important communications.
10. Immediately call the Plan Information Line at (855) GO-RET-NV (467-3868) if you identify suspicious activity in your NDC account. The faster you act, the faster we can mitigate the effects of fraud.

Other tips

• Check your Social Security Earnings and Benefits statement every year to make sure that no one else is using your Social Security number for employment. You can obtain your statement at ssa.gov/myaccount/statement.html.
• Securely destroy documents containing personal information and be very cautious about posting personal details on social media or the internet. Criminals can use this information to guess your security question answers or knowledge-based authentication quiz responses.
• Never carry your Social Security card, financial institution passwords or other sensitive information in your wallet.

These are just some of the ways to help protect your accounts and identity. For more tips and insights, visit voya.com/articles/protecting-your-accounts.

The next 3 steps to take as you get closer to retirement

Part 2: Check your progress
In the second part of our three-part series, learn how to monitor your saving and income projections as you continue taking specific, simple steps towards retirement.

1. Check your retirement savings progress

• Visit nevada.beready2retire.com and log in to your NDC account, then use the myOrangeMoney^® educational experience to help you project your monthly income in retirement and your progress towards your goal.
• Use myOrangeMoney to see how other factors like healthcare expenses or where you plan to retire to might have an impact.

2. Factor in Social Security

• Set up an online account at ssa.gov.
• Review your Social Security statement and determine your full retirement age.
• Estimate your expected benefits at Early Retirement, Full Retirement and Delayed Retirement.

3. Plan for medical expenses

• Consider your current healthcare costs to help determine how much greater they could be in retirement.
• If available, consider saving or saving more into a Health Savings Account (HSA) for future medical expenses.
• Learn more about Medicare at medicare.gov.
  
  

Visit voya.com/page/on-demand/nearing-retirement-series-getting-started to learn more about each of these steps and ways to get started. For help getting organized and making a plan to achieve your retirement goals, schedule an appointment with your local Voya financial professional by calling (775) 886-2402 or visiting nvdeferredcomp.timetap.com.

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.

This information is provided for your education only through the Voya® family of companies. This information is not intended to provide legal, tax, or investment advice. All investments are subject to risk. Please consult an independent tax, legal, or financial professional for specific advice about your individual situation.

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 [org_provider_url]. You may also request these from a VRA Investment Advisor Representative by calling your plan’s information line at [org_callcenter_phonenumber]. Financial Engines Advisors L.L.C. (FEA) acts as a sub advisor for Voya Reeditstirement Advisors, LLC. Financial Engines Advisors L.L.C. (FEA) is a federally registered investment advisor. Neither VRA nor FEA provides tax or legal advice. If you need tax advice, consult your accountanted or if you need legal advice consult your lawyer. Future results are not guaranteed by VRA, FEA or any other party and past performance is no guarantee of future results. Edelman 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 Financial Engines, LLC are not members of the Voya family of companies. ©2024 Edelman Financial Engines, LLC. Used with permission.

This material is provided for general and educational purposes only; it is not intended to provide legal, tax or investment advice. All investments are subject to risk. Please consult an independent legal or financial advisor for specific advice about your individual situation.

THE DEFERRED WORD   |  Third Quarter 2024

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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