The South Carolina Deferred Compensation Program (Deferred Comp) offers a unique opportunity for you to save for your future. It is a straightforward way to work toward the retirement income you desire. Empower Retirement is the current administrator of Deferred Comp.
Employees can start, stop, or change contributions at anytime throughout the year. The minimum contribution is $10 per pay period.
403(b) accounts are another type of optional retirement savings plan available to employees of not for profit organizations, public schools, and higher education institutions. For these accounts you’ll enroll through our administrator company TCG Services. You’ll choose one of the approved account providers and choose how much to contribute. Then, you’ll go to the website for your chosen account provider and complete setting up your account with them. That’s where you’ll tell them how to invest your contributions and name a beneficiary of your account. If you want to change or stop your contribution amount you’ll do that through TCG Services.
Employees can start, stop, or change contributions at anytime throughout the year. The minimum contribution is $10 per pay period.
EMPLOYEE OPTIONAL SAVINGS PLAN MAY BE THE RIGHT FIT FOR YOUR FUTURE PLANNING.
