DEFER – State Employee Deferred Compensation Plans
About the Plan
“DEFER” is a voluntary retirement program comprised of the 457(b), 403(b) and 401(a) savings plans, which are available to most State of Delaware employees – including employees of the legislature, judicial, and higher education institutions. Participation in the deferred compensation plan is a critical component of a balanced plan for retirement alongside Social Security, pension, and personal savings. The steps you take today will affect how you spend tomorrow.
Para conectarse con un asociado de servicio al cliente de habla hispana, llame al 1 (800) 584-6001.
Tens of thousands of active and former state employees participate in DEFER, and enrollment has increased rapidly over the last several years. The plan is supervised by the Plans Management Board. For more information on board meetings and to review plan documents, visit the Plans Management Board page.
Delaware DEFER can help you in your retirement journey
Learn more about investment options and other provisions available in the 457(b) plan and the 403(b) plan.
Download our plan comparison guide.
Have plan questions? We are here to help! Contact our team.
Schedule a meeting with a Voya representative
or
Start saving today and enroll in Delaware DEFER
Do you have questions as you get closer to retirement? Download our “Nearing Retirement Checklist“
Are you considering purchasing Delaware Pension service credits? Download the form here.
To defer your annual leave and/or sick time payouts, download and submit the appropriate forms.
Are you age 50 or above or within three years of retirement? If so, you may be able to take advantage of the 457(b) Deferred Compensation Plan’s available catch-up contributions.
457(b) Special Catch-Up Calculator can help you determine whether you are eligible for the 457(b) 3-year Special Catch-Up election. Do you know how much you can contribute to your 457(b) retirement plan in the current year? This calculator can help you understand your options.
Access the 457(b) Special Catch-Up Form
For more information on opportunities to catch up on contributions, contact a Voya representative.
Other sources of retirement income may include:
myOrangeMoney® Retirement Calculator
Use myOrangeMoney® to show you the future monthly income you may need and your progress toward that goal.
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