Medium
The NDPERS Deferred Compensation 457(b) plan transferred to Empower. For further details regarding this transition, visit Empower Transition.
Overview
- This is a voluntary supplemental retirement savings program while you were actively working.
- You can rollover funds from one qualified plan to another.
- To begin distributions, please contact your provider agent to complete the necessary paperwork. Any paperwork requiring NDPERS signature must be submitted to our office allowing at least 2-3 days processing time.
- Upon reaching the RMD age specified by the IRS guidelines (70.5 for individuals born before July 1, 1949, 72 if born after June 30, 1949, or 73 if born on or after January 1, 1951) you will be required to take a Required Minimum Distribution (RMD) from your account.
- In the event of a divorce, please review the Qualified Domestic Relations Order for additional information.