What is it?
Since its inception in 1980, the National Association of Counties Deferred Compensation Program has become the largest supplemental retirement income program available to county employees. Through a partnership with NACo, Nationwide Retirement Solutions (NRS), and FAC, Florida counties can offer employees access to this premier Section 457 Deferred Compensation Program.
Helps public employees save for their future at no cost to their employer.
Enables public employees to reduce current taxes.
Institutes a systematic savings program for public employees.
Automatic contribution deductions make it easy for employees to save.
Contributions grow on a tax-deferred basis.
Employees are 100% vested in their accounts.
Helps employers to recruit and retain high–caliber personnel.
Usually less expensive to maintain than defined benefit plans.
Flexibility in program design.
Outstanding customer service.
2023 Nationwide Scholarship Opportunity
Are you the parent, grandparent or legal guardian of a high school senior? If you have an active account funded by employee dollars to a 457(b) Plan offered through the NACo Deferred Compensation Program, your student is eligible to apply for one of four $2,500 college scholarships. Scholarships will be awarded in the fall of 2023.
In its 23rd year of existence, the NACo/Nationwide scholarship essay contest is an educational opportunity for high school students transitioning into a new stage of their lives. Engaging young people in civic life and responsibilities is a great way to show high school students the valuable roles that counties play in the lives of their residents. The 2023 scholarship program’s goal is to help ensure that young people get involved and stay involved in local government — and understand the importance of being good stewards of their future finances. Click here to read more about the opportunity and how you can apply!
Graduating high school seniors who are legal U.S. residents are eligible to apply. Please keep the following criteria in mind:
· The applicant’s parent, grandparent or legal guardian must be enrolled in and have a current employee funded 457(b) Plan offered through the NACo Deferred Compensation Program.
· Applicants must enroll in a full-time undergraduate course of study no later than the autumn term of the 2023-2024 school year at an accredited Trade School or two or four-year college.
· Immediate family members of NACo employees, members of the NACo Defined Contribution and Retirement Advisory Committee or its governing board of directors, staff of individual state Association of Counties that are members of the LLC and Nationwide employees are not eligible to apply; this program is not offered outside the United States.
· The application and entry must be submitted online at nrsforu.com/scholarship between April 1 and May 31, 2023.
Parents, grandparents or legal guardians should talk to their eligible high school seniors about applying right away. Applications can be completed online at nrsforu.com/scholarship beginning April 1.