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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UPCOMING EVENTS
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).
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.
Self-Directed Brokerage Account
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(enrollment available by request)
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.