Deferred Compensation Plan

How Does it Work?

You decide how much you want to contribute to your account, and that amount will be deducted—on a pretax basis—from your pay. You save on taxes because you reduce your taxable income, and the money you contribute to your deferred compensation plan is invested and can grow over time to help fund your retirement years.

Grab & Go: Virtual Learning Center

• Fidelity is here to help you achieve your financial wellness goals.
• Check out our new resources.
• Here are five ways to kick start your financial wellness.
• Protect yourself from cyber fraud.
• Get started and save for the future you.
• Ask Fidelity. They’re here to help.
• Visit Fidelity’s dedicated site for State of Rhode Island employees.
• Attend Fidelity’s Virtual Benefits Fair!

Office Hours

Questions? Schedule a time to discuss yours with a Fidelity Workplace Financial Consultant.

Grab & Go: Virtual Learning Center

• Check out a Voya Learn^TM live and on-demand session.
• Read the latest Voya Financial Blog.
• Are you ready to retire? Take advantage of Voya’s retirement calculators to give you the full picture or read through this retirement readiness flyer to gauge how ready you are.
• This handy checklist will help you with what you need to start preparing for your retirement.
• Download Voya’s mobile app for quick account access.
• What does your financial wellness journey look like?

Seeking One-on-One Consultation?

Voya is offering office hours during enrollment season. Schedule time with a Voya representative.

Grab & Go: Virtual Learning Center

• Learn about TIAA.
• Is your financial future worth 1%?
• What are the benefits of starting to save now?
• Already with TIAA? Manage your account here, or find out how to manage your account using our app.
• TIAA also administers the State’s defined contribution 401(a) plan.
• For online advice and education, visit TIAA’s site for State employees.

Seeking One-on-One Consultation?

There are many benefits to meeting with a TIAA financial consultant, at no additional cost to you. Discuss your 401(a), or get information on the 457(b) during a phone-based or virtual counseling session by with a TIAA consultant. Call 800-842-2252 between 8 a.m. and 10 p.m., or schedule your appointment online.

Ready to Enroll or Increase/Decrease Your Contribution?

• Refer to this Retirement@Work Guide for details about how the plan works.
• Visit www.retirementatwork.org/ri to create or log in to your account.
• To speak to a representative, call 855-200-0135.