There is a new maximum contribution limit option for the Florida Deferred Compensation Plan (457b). The Ages 60 – 63 Catch-Up is an age-based Catch-Up that increases the annual 457b contribution limit to $34,750 for Participants ages 60 to 63.
Eligibility is based solely on age; Participants do not need to apply. Simply increase your contribution using the online Increase Contributions Form, or contact the Bureau of Deferred Compensation at 877-299-8002.
Every day, we make important decisions that impact the lives of our loved ones. Marriages, divorces, deaths, and births are just a few of the many life events that may lead to a change of beneficiaries. Beneficiary designation with the Florida Deferred Compensation Plan is a quick and easy way to protect those you love.
Simply print, sign, and send a completed Participant Action Form (PAF) to the Bureau of Deferred Compensation via email (DeferredCompensation@MyFloridaCFO.com), fax (850-488-7186), or mail (200 East Gaines Street, Tallahassee FL, 32399-0343).
Remember: The Florida Deferred Compensation Plan does not update contact information through People First.
The Florida Deferred Compensation Plan relies on Participants to update contact information by
either directly contacting the Bureau of Deferred Compensation or contacting your Investment Provider(s). It is important to update contact information in case the Bureau or an Investment Provider needs to relay important information about your account
or about anything related to the Plan.
Make sure to register on your Investment Provider's website to view valuable information about your account, including total balance, funds allocations, and more. If you have more than one Investment Provider, make sure to register for each Provider's website.
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(enrollment through Investment Provider)
Congratulations to the Florida Deferred Compensation Plan, which has been awarded the 2025 NAGDCA Leadership Award for Technology & Cybersecurity.
This website is intended to provide information about the State of Florida's Government Employees Deferred Compensation Plan. It is not intended as investment, legal, or accounting advice. If investment advice or other expert assistance is required, the services of a competent professional should be sought. For changes to your account, go to your Investment Provider's website and log in using the ID and password you created for that Investment Provider.
