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457(b) plan

An excellent way to save for retirement

Welcome to the website AIG Retirement Services has created especially for you, as an eligible employee of the State of Florida 457(b) Deferred Compensation Savings Plan. 

The State of Florida Deferred Compensation Plan is an excellent way to help accumulate money for your retirement. Income from this plan, when combined with other sources of retirement income, can help provide you with what you'll need during retirement. 

The plan highlights are only a brief overview of the plan's features and are not a legally binding document. The information in this section does not modify the terms of the plan and in the event of a conflict, the terms of the plan control.

Take advantage today

As a state employee, you are immediately eligible to participate in the 457(b) DCP.

Starting early has its advantages

Employee contributions
Generally, you may contribute as much as 100% of your annual includible compensation up to the maximum IRS contribution limit.

Contribution Limit

Catch-up contributions
You may also be eligible to contribute additional catch-up contributions if you meet the following conditions. 

Catch-up contributions

Accessing your money before retirement

In general, the money in your account may be distributed under any of the following circumstances:

  • Unforeseeable emergencies
  • Separation from service
  • Your death 

    Note: Federal laws may impose restrictions on certain early withdrawals. The specific withdrawal options available to you, as well as the implications of the tax laws, will depend upon your individual circumstances, including legal and pension plan restrictions. Your financial professional can explain in more detail the specific withdrawal privileges available to you.

Required minimum distributions

You are required to begin taking distributions from your account the later of attainment of age 70½ or retirement. Contact your financial professional for further information about minimum distributions.

Unforeseeable emergency withdrawals

Your plan provides for withdrawals due to an unforeseeable emergency, which is defined as a severe financial hardship resulting from a sudden and unexpected illness or accident (involving the participant or a dependent), a loss of property due to casualty, or other similar extraordinary and unforeseeable circumstances due to events beyond your control. For more information regarding specific unforeseeable emergency hardship withdrawal provisions, call the automated information line at 1.888.467.3726.

Minimum distributions

You are required to begin taking minimum distributions by the later of the year in which you attain 70½ or retirement.



An array of investment choices

The mutual funds available in your retirement plan will provide you with the flexibility you need to create a suitably diversified portfolio that matches your personal retirement time horizon, investment risk tolerance and investment preferences. 

Click here to view the entire list of funds -- and their historical performance -- available to State of Florida plan participants. 

To view or print a prospectus, access “Prospectuses and Other Important Materials”. The prospectus contains the investment objectives, risks, charges, expenses and other information about the respective investment companies that you should consider carefully before investing. Please read the prospectus carefully before investing or sending money. You can also request a copy by calling 1-800-428-2542.