The Internal Revenue Service recently announced employee annual deferral limits will increase in 2018. Each year, the IRS sets limits on the amount of wages employees can defer. These limits are tied to inflation statistics, which are recalculated each fall for the following calendar year. To view the updated deferral limits for next year so you can provide them to your staff, visit this
October 2017 Rewards Newsletter is Here
Do you keep in touch with former employees who've transitioned to life in retirement? If you do, or even if you'd just like to know what information is available for retired individuals through Ohio DC, you can take a look at our biannual retiree
here. This issue has information about planning tools, RMDs (Required Minimum Distributions) and things to consider when opening a new bank account.
Deferred Compensation Terms
Rebalance - A strategy to sell investments that have been performing well and invest more into those that have fallen behind - a buy low, sell high approach. It won't change how future contributions are invested and is sometimes referred to as an end-result exchange.Visit our participant website to learn other definitions.
Share Deferred Compensation-related Articles with Your Employees
Ohio DC can provide monthly articles on retirement issues for your newsletter or Intranet. This month's article on the employer website is
Deferring Sick and Vacation Time.
Download articles on healthcare in retirement, what is deferred compensation, fees, and more.
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Message from the Executive Director: Keith Overly
Recognizing Our Employers for All They Do
For the past six years, Ohio Deferred Compensation has recognized employers that have done an outstanding job being advocates to their staff for retirement savings. For 2017, eight employers were recommended for formal recognition with the adoption of a resolution, with our Board of Trustees approving each of the nominees. You can take a look at the full list of recipients and the reason for each of their nominations