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*** Urgent 2025 Legislative Update ***

Important Changes to 457b Roth Contributions (Effective July 1, 2025):

Pursuant to Senate Bill 2502, the Department of Financial Services is required to limit 457b Roth contributions to only those Participants who made similar contributions prior to July 1, 2025, and only within the State of Florida Deferred Compensation Plan for the 2025 – 2026 Fiscal Year.

 

 

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2025 Contribution Limits Change

Great news! Recently, the IRS announced a cost-of-living increase adjustment that has changed contribution limits for the Florida Deferred Compensation Plan. It may be time to update your contributions to reach the new 2025 limit. Please contact the Bureau of Deferred Compensation or your Investment Provider(s) for assistance with any contribution change request or for general assistance.

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Plan Watch 2025
Plan Watch 2025 is Here: Featuring the 1st Quarter 2025 "Quarterly Performance Report" and More The Plan Watch Booklet is an annual publication that provides updates on the Florida Deferred Compensation Plan and is a comprehensive source of Florida Deferred Compensation Plan information. Although published annually, the Plan Watch Booklet is updated each quarter with the newest "Quarterly Performance Report"—an updated comparison of the various investment options available to Plan Participants. Click "Quarterly Performance Report" on the Contents page of the Plan Watch Booklet to view the report.
Informational Videos
Informational Videos Check out the Informational Videos on the Florida Deferred Compensation Plan website. The Bureau of Deferred Compensation will, periodically, update the website with new videos, designed to inform employees about the Deferred Compensation Plan. Learn how to enroll in the Plan, what types of investments are in the Plan, and more.
Plan. Save. Retire.
Plan. Save. Retire. The Plan. Save. Retire. page is full of resources to help you to plan what is possible, save what is manageable, and retire when comfortable. The Florida Deferred Compensation Plan received the 2022 NAGDCA Leadership Recognition Award in the 'Technology, Interactive Multimedia, & Cybersecurity' category for this page and its campaign. Go take a look at the award-winning page to learn how to: Plan. Save. Retire.
Important Information

Update Beneficiary Designations

Every day, we make important decisions that impact the lives of our loved ones. Marriages, divorces, deaths, and births are just a few of the many life events that may lead to a change of beneficiaries. Beneficiary designation with the Florida Deferred Compensation Plan is a quick and easy way to protect those you love.

Simply print, sign, and send a completed Participant Action Form (PAF) to the Bureau of Deferred Compensation via email (DeferredCompensation@MyFloridaCFO.com), fax (850-488-7186), or mail (200 East Gaines Street, Tallahassee FL, 32399-0343).

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Update Contact Information

Remember: The Florida Deferred Compensation Plan does not update contact information through People First. 

The Florida Deferred Compensation Plan relies on Participants to update contact information by either directly contacting the Bureau of Deferred Compensation or contacting your Investment Provider(s). It is important to update contact information in case the Bureau or an Investment Provider needs to relay important information about your account or about anything related to the Plan.

Register On Investment Provider Websites

Make sure to register on your Investment Provider's website to view valuable information about your account, including total balance, funds allocations, and more. If you have more than one Investment Provider, make sure to register for each Provider's website.

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This website is intended to provide information about the State of Florida's Government Employees Deferred Compensation Plan. It is not intended as investment, legal, or accounting advice. If investment advice or other expert assistance is required, the services of a competent professional should be sought. For changes to your account, go to your Investment Provider's website and log in using the ID and password you created for that Investment Provider.