We’re here to help! Enrolling in the plan is simple, but investing for your life goals requires you to be informed.
Before enrolling in the plan, you should:
- Understand the plan features
- Review the investment options offered
- Understand the investment option performance
IMPORTANT INFORMATION -- Variable investment options offered under a group funding agreement are considered long-term investments designed for retirement purposes. Money distributed will be taxed as non-earned income in the year the money is distributed. Account values fluctuate with market conditions and, when redeemed, the principal may be worth more or less than the amount originally invested.
All state employees who receive a regular monthly or biweekly paycheck from the Bureau of State Payroll may become a participant and defer payment of part of his or her compensation. If you are not paid on one of these payrolls or require assistance in determining Plan eligibility, please contact the Deferred Compensation Office for additional eligibility qualifications.
State of Florida Deferred Compensation Office
Local: (850) 413-3162
Toll Free: (877) 299-8002
There are two ways you can enroll in the plan:
1. Meet with your Voya® local representative.
Make an appointment with a local representative to enroll in the plan. When you meet with your representative you can develop an asset allocation model to illustrate your investment and retirement objectives, decide how much to contribute to the plan(s), select investment options, and designate a beneficiary for your plan benefits.
2. Online enrollment.
Online enrollment is fast, easy and entirely at your convenience. Review the Enroll in the Florida Deferred Compensation Plan guide to help you through the online enrollment process. Select the “Enroll Now” button on this page to get started. When enrolling online, be prepared to provide the name of each person you wish to designate as your beneficiary. You may submit up to 10 beneficiaries online. If you have more than 10 beneficiaries, we suggest that you contact a local representative for additional assistance.
While enrolling online, you will be offered electronic copies of a participant disclosure booklet, investment fact sheets, and other documents we are required to provide at enrollment. If you would prefer to review a hard copy of these materials, you can request them by contacting a local representative.
Insurance products, annuities and funding agreements are issued by Voya Retirement Insurance and Annuity Company ("VRIAC"), Windsor, CT. VRIAC is solely responsible for its own financial condition and contractual obligations. Plan administrative services provided by VRIAC or Voya Institutional Plan Services LLC ("VIPS"). VIPS does not engage in the sale or solicitation of securities. All companies are members of the Voya® family of companies. Securities distributed by Voya Financial Partners LLC (member SIPC) or third parties with which it has a selling agreement. All products and services may not be available in all states.