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State Deferred Compensation Plan changes: T. Rowe Price and Empower no longer available

Change is coming to the State of Florida Deferred Compensation Plan. The plan will open 2020 with three investment providers: Nationwide, AIG Retirement Services (formerly VALIC) and Voya. In an effort to respond to the changing retirement savings industry, provide a better value and simplify options for State of Florida employees and participants, the state has decided to decrease the number of investment providers. The Deferred Compensation Plan will not be renewing contracts with T. Rowe Price and Empower. In the next few weeks, plan members will receive information about what options are available to them. Learn more.

Published: September 17th, 2019

Category: Benefits