Do you have staff who are approaching retirement? Maybe someone told you they would like to learn more about saving for retirement. Educating people about the necessity of saving for retirement is the main goal of National Retirement Security Week (NRSW). NRSW takes place from October 15-21 and is supported by a resolution from the U.S. Senate. If you would like to learn more about NRSW 2017, visit this
The Focus Newsletter for Q3 is Here
Are you looking for the latest news and developments in the savings and retirement industry? They're available now in our quarterly
Focus Newsletter. Let your staff know that they can view the latest articles about investment changes, how to defer unused sick and vacation time and much more
Deferred Compensation Terms
Normal Retirement Age - Age at which a participant in a retirement plan can retire and receive unreduced benefits. Some deferred comp plans define a retirement age range within the Plan Document and let the participant choose when to retire; other plans choose the date for the participant.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
It's Time to Put a Plan Into Action.
Download articles on healthcare in retirement, what is deferred compensation, fees, and more.
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Message from the Executive Director: Keith Overly
How many paychecks will your staff receive?
Based on when your organization provides paychecks to your staff, you may have 27 pay periods this year. Be sure to check with your payroll department to confirm how many pays you will have in 2017, as we will have to take this into account at Ohio DC. Based on IRS guidelines, we need to make sure that employees aren't deferring too much into their Ohio DC account.
If your organization will have 27 pays this year, Ohio DC staff will be reaching out to you soon, if we identify employees whose annual deferrals could exceed the IRS limits.