Voluntary Retirement Plans
(401k, IRA, + Other Options)
NKY Health's Voluntary Retirement Policy
For the complete Voluntary Retirement Policy refer to Section 4.2.8 of NKY Health's Guide to Personnel Policies.
About NKY Health's Voluntary Retirement Plan
NKY Health participates in the same voluntary retirement program offered to eligible Commonwealth of Kentucky employees. It is managed by the Kentucky Deferred Compensation Authority (KDC), and administered by Nationwide Insurance. KDC is attached to the Personnel Cabinet.
It is separate from the Kentucky Public Pensions Authority (KPPA) program, which is mandatory for all eligible employees.
The program is completely voluntary and is available to all NKY Health employees who enroll. Contract employees may only contribute a percentage of their pay since their earnings may vary by pay period.
NKY Health does not match employee contributions because we are already paying so much into Kentucky Public Pensions Authority (KPPA) for eligible merit system employees.
Starting/Stopping/Changing Contributions to Voluntary Retirement (Enrollment / Change Form)
Employees can begin participating, change contribution amounts and designations, and/or stop participating at any time subject to IRS guidelines for each plan.
To start, stop, or change withholding amounts and/or investment elections please contact the Kentucky Deferred Compensation Authority directly.
OR
Click here for the electronic enrollment form.
OR
Click here to access other resources.
After you submit required documentation, Kentucky Deferred Compensation Authority will notify NKY Health of any changes to payroll withholdings.
Rolling Money from Other Plans Into NKY Health's Voluntary Retirement
Employees who have a 401(k) or other retirement plan from another employer may be able to roll these funds into this plan.
Please contact the Kentucky Deferred Compensation Authority directly to find out more about rollover options and to rollover any plans you have.
Contact Information
Currently, NKY Health's representative is Mary Holt. She can discuss rollover and investment options with you.
Contact her at:
Cell: (859) 420-3204
E-Mail: HOLTM17@nationwide.com
Fax: (502) 573-4494 (KY Deferred Comp) or (877) 677-4329 (Nationwide)
Use this link to schedule a meeting with her.
You can also find information on your own, including all the forms you need on the Kentucky Deferred Compensation Authority Website or by calling their main office at Toll Free: 800-542-2667.
Retirement Planners Provided by KY Deferred Compensation Authority
KY Deferred Comp Interactive Retirement Planner: Takes 10-15 minutes.
Revision Log
6/8/2023
Added Revision Log.