Ohio Deferred Compensation Information

The Ohio Public Employees Deferred Compensation Program (Ohio DC) is a governmental 457(b) retirement plan for all Ohio public employees and one of the largest supplemental 457(b) plans in the country. Deferred compensation has been Ohio DC’s only responsibility since 1976, and because of Ohio DC’s size, plan expenses are low. Ohio DC is unique in that it is created and governed by Ohio Revised Code Chapter 148, to provide a supplemental retirement plan that is administered solely in the interest of and for the exclusive benefit of current and former public employees and their beneficiaries. Ohio DC is administered by the Ohio Public Employees Retirement System (OPERS) 11-member uncompensated Board pursuant to Ohio Revised Code Chapter 145. External managers professionally manage Ohio DC’s investment options. Investment options are selected and monitored by the Board and its independent investment consultant. The Board, staff, and consultants are all fiduciaries acting solely in the best interests of Ohio DC participants. Ohio DC provides participants with educational tools, a diverse set of investment options, exceptionally low investment and administrative fees, flexible savings and withdrawal options, as well as portability when changing jobs within the public sector.