Welcome to Deferred Compensation
Employees of the State of Tennessee are eligible to participate in two optional tax-deferred retirement savings plans operated by the state: a 457 plan and a 401(k) plan. Contributions to these plans are made through regular payroll deductions. Salary set aside through these plans cannot be withdrawn before separation from service except under a few limited circumstances. Participants in either plan direct their contributions among a variety of investment options.
The Deferred Compensation (DC) Program is in the State of Tennessee Treasury Department. The Treasurer's office administers this supplemental retirement savings program through TCRS with the assistance of a third party administrator (TPA), currently Great West. Great West is responsible for enrolling new participants, record keeping, reconciliations, transfers, communication and reporting to the Participants and Program Administration. Great West does not provide investment management services directly to participants. Investment management services are determined by the State.
Announcement
Watch List - The Deferred Compensation Program has instituted a "Watch List". The purpose of the Watch list is to alert 401(k) and 457 Plan Participants if an investment management fund offered through the Program fails to meet criteria established in the Deferred Compensation Program Investment Policy. If a fund in our plan fails to meet the criteria it will be placed on "Watch". If the condition does not improve over time, it is possible that the fund could be removed and no longer be offered by our plan. If the conditions improve, it is possible that the fund would no longer be on "Watch" and would be removed from the list.
The Watch list is available from this link http://treasury.tn.gov/dc/watchlist.html and is listed under "Investing" on the left side of this screen. Participants may wish to review their investment selections and asset allocation.
State Match - The state match of $50 has been funded for the fiscal year ending June 30, 2011. Make sure your contribution adds up to at least $50 per month to get the full match!
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