Each year, the National Association of Government Defined Contribution Administrators (NAGDCA), with support from a resolution by the U.S. Senate, promotes National Retirement Security Week. NAGDCA's goal during NRSW (October 15-21) is to promote the idea of saving money for retirement. NAGDCA put together a quick video here. If you would like to hand out some informational materials to your staff, try the Field Note cards here.
Investing Unused Sick and Vacation Time
Many employers allow their staff to cash out unused sick leave and vacation time, either periodically or when they retire. If you're one of those employers, encourage your staff to invest that money in their future, rather than spending it on something spur of the moment. If you would like to help your staff learn how to invest their unused leave, you can send them
Deferred Compensation Terms
Asset Classes - Types of investments available for participant contributions and assets. In general, asset classes may be divided into stocks, bonds, and cash and cash-like products. Retirement plans typically offer mutual funds comprised of stocks, bonds, cash or a mixture of them.Visit our participant website to learn other definitions.
Share Deferred Compensation-related Articles with Your Employees
Download articles on healthcare in retirement, what is deferred compensation, fees, and more.
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Message from the Executive Director: Keith Overly
The Retirement Gap
Many of our participants aren't aware that their pensions weren't designed to replace 100% of their pre-retirement income. For most people, they can expect to receive about 60-65% of their pre-retirement income from a pension, the rest they will have to make up on their own. That's where Ohio DC can make the difference.
Any participant who wants to learn more about what they can do to save for retirement can call our Service Center at 877-644-6457, visit our website at
www.Ohio457.org or they can click on the link to the Interactive Retirement Planner
here to find out how much of a retirement gap they might be looking at when they get to retirement.