STATE OF NEVADA DEFERRED COMPENSATION

FAQs

Question :
What are the tax advantages of contributing to the Plan?

Answer :
You pay no current federal income tax on your pre-tax contributions because they are deducted from your gross pay. You will pay tax when you eventually withdraw money from the Plan, but it is possible that you may be in a lower tax bracket when you receive those benefits. Nevada Deferred Compensation and NDC’s contracted recordkeeper, Voya Financial, cannot provide tax or legal advice. Please consult a tax adviser or attorney before making a tax-related investment/insurance decision.