Kentucky Public Employees' Deferred Compensation Authority (KDC) is a supplemental retirement savings program offered to all state government agencies, public school systems, state universities and local government entities. KDC offers a 401(k), 457(b) and IRA’s (both pre-tax and post-tax options).

A retirement plan may be one of the most valuable benefits of employment because of its potential for delivering a long-term impact on your financial well-being. We will give you the tools and information to help you feel confident about investing for retirement. You can depend on us to be here for you through your working career and beyond.

Why participate?

Chances are Social Security benefits, plus your state and other system retirement will not provide enough income to maintain your current standard of living. KDC helps bridge the gap between what you’ll collect from your pension and what you need for retirement.

Benefits

  • Low cost – Costs are capped making them some of the lowest available and one of the best benefits you have from a dollars and cents perspective
  • Easy contributing – Contribute as little as $30 per month (automatically deducted from your paycheck)
  • Quality investment options – Wide range of high-quality investment options available to suit your individual needs
  • Flexible ways to invest – Take the guesswork out of investing with both "hands-on" and "hands-off" options
  • Easy access – Manage your account online 24/7 or work with a local KDC Retirement Specialist in your area
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Beginning July 1, 2019, all New Employees (FT) hired by the Commonwealth of Kentucky Executive, Judicial and the Legislative Branch will be automatically enrolled in the KDC 401(k) Plan. All new employees will defer $15 per pay/$30 per month on a pre-tax basis unless they choose to contribute more or cease participation with the Plan.

Within 90 days after the receipt of the initial contribution, New Employees who wish to cease deferrals and exit the plan must submit a form to KDC who will in turn cancel the account and return monies with interest and minus mandatory withholding. If an Employee changes their mind, they can sign back up at any time; the program is voluntary otherwise. If the Employee does nothing after 90 days, the deferral remains in trust for the Employee. After the first year of inactivity, a $1 monthly fee and a $6 low balance fee will be assessed monthly. To discuss options, please contact KDC.

All existing Current Employees: State, Public Education, and Local Programs (County/City/Quasi) may participate in KDC; if they are not already. Participation is voluntary for this group. The minimum contribution is $30 per month and you can enroll online or contact KDC.

Automatic Enrollment FAQ
Automatic Enrollment Brochure

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Get the help you need
Talk to a local KDC Retirement Specialist for more information about automatic enrollment.

Information provided by KDC members is for educational purposes only and is not intended as investment advice.

Investing involves market risk, including possible loss of the money you have invested. And there is no guarantee you will achieve your investment goals. But as you continue investing, we will help you understand market risk and strategies that may help you deal with it.