Ohio Deferred Compensation - YouTube

KEITH OVERLY: Hi, I'm Keith Overly, executive director of Ohio Deferred Compensation.

We're a supplemental retirement plan available to all public employees in Ohio.

We offer our participants a convenient way to save money for the future so they can make

the best of their retirement.

With Ohio DC, for every pre-tax dollar you set aside for yourself, you could get

three dollars to spend when you retire.

In this video I invite you to see the many ways Ohio DC can help you achieve

retirement income security.

Thank you.

SCOTT MCCONAUGHY: If you're like most public employees in Ohio, you belong to a public pension plan.

You and your employer contribute a percentage of your salary toward your retirement, which

provides you a steady stream of income each month when you retire.

While pensions provide significant income, they were never meant to fully replace your salary.

Plus, as lifespans continue to increase and the costs of necessities rise, you could need

more money in retirement than a pension can provide.

JIM ALLEN: Research indicates just 14 percent of American workers are very confident

they'll have enough money for a comfortable retirement.

Why? Little or no personal savings.

SCOTT MCCONAUGHY: That's where Ohio DC comes in.

As one of the largest public retirement savings plans in the country with more than 40 years

of experience helping members of Ohio's public pension plans, Ohio DC can help you fill the

gap between your pension benefit and what you'll need to reach your retirement goals.

As your personal savings partner, Ohio DC offers many advantages over other

retirement savings options.

JIM ALLEN: Any amount you contribute to your Ohio DC account will have tax savings benefits.

And, because of our size and non-profit structure, we offer competitive fees compared to traditional

retirement funds such as IRAs or 401(k)s.

Lower fees can really add up in a retirement plan - they can mean tens of thousands of

dollars more in your pocket.

SCOTT MCCONAUGHY: Ohio DC offers professionally managed investment options for novice and skilled

investors, including mutual funds and target date funds.

JIM ALLEN: Our asset allocation tool can help identify the type of investor you

are - if you prefer to be actively involved every step of the way,

or invest in one of our hassle-free LifePath Portfolios.

SCOTT MCCONAUGHY: Ohio DC has a telephone service center and retirement planning specialists

at our Columbus office to help you.

Our field reps can visit your place of employment.

And our website offers an array of planning tools and educational materials to help you

make the best choices for you.

SCOTT MCCONAUGHY: With Ohio DC, investing for retirement is easy.

You can contribute through payroll deduction, set up automatic deferral increases, and save

more annually the closer you get to retirement.

SCOTT MCCONAUGHY: Once you terminate public employment, you have immediate access

to your savings, no matter your age.

JIM ALLEN: We have a number of flexible withdrawal options, and we always strive to

make participation convenient.

To sign up, just go to our website.

You can use our EZ Enrollment form, or enroll online.

The sooner you get started, the further along you'll be on the path to saving.

SCOTT MCCONAUGHY: Supplementing your pension with Ohio DC will have you well on your way to

achieving retirement income security.

For more information about Ohio Deferred Compensation, refer to our website:

ohio457.org, or give us a call, at 877-644-6457.