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First Aid Kit
Retirement Programs

Deferred Compensation Plan

Part of financial health involves knowing how much you need in retirement. Consider supplementing your future savings through the Mississippi Deferred Compensation Plan

  1. It’s automatic and controlled by you • You choose the amount you want to save.

  2. It probably costs less than you think • You can start saving with as little as $25 per month.

  3. Give yourself some credit • You may be eligible for an IRS Saver’s Credit on the first $2,000 you contribute to MDC, based on your adjusted gross income and tax filing status.

  4. Starting early makes a difference • Waiting could impact how much you’ll have for retirement.

  5. Lower expenses • With MDC, you may have the potential for lower investment management expenses.

  6. Investment assistance • MDC provides a variety of investment choices so you can build the right mix for your future.

  7. Local people for help • Local MDC representatives are ready to help you plan for your future.

  8. Resources at your fingertips • Take advantage of convenient resources and plan educational materials available 24/7 at www.mdcplan.com.

  9. Stay as long as you like • Even after you retire or separate from service, you can keep your account right where it is so you have access to all the MDC resources.

  10. A partner for your future • PERS oversees MDC on an ongoing basis on your behalf.

How to Enroll:

  • You can easily enroll online by visiting www.mdcplan.com.

  • Prior to enrolling, contact your human resources department or your local MDC representative to obtain a Plan Enrollment Code flier, which will include a specific code needed to enroll online.

  • Once you have the Plan Enrollment Code flier, visit www.mdcplan.com and click on the REGISTER button.

  • Select I have a plan enrollment code and follow the prompts on the website.

  • Visit www.mdcplan.com for more information, or to find your local MDC representative.

What is PERS:

  • PERS is the Public Employees’ Retirement System of Mississippi. The Public Employees’ Retirement System of Mississippi (PERS) is a governmental defined benefit plan qualified under Section 401(a) of the Internal Revenue Code. PERS was established by the state Legislature in 1952 to provide benefits to eligible Mississippi public employees working for state agencies, universities, community colleges and public schools, as well as counties, cities, and other participating political subdivisions.

  • The mission of PERS is to provide secure benefits to our members and consistently deliver quality service by meeting our customer’s needs, operating efficiently and transparently, investing and managing assets prudently, and acting in the best interest of all members.

PERS Contact Information

403B Carrier Contacts

What are 403Bs? A 403B is a tax-deferred retirement plan that allows you to set aside pretax dollars out of your paycheck to save for retirement.

National Life Group/Life Insurance Company of the Southwest

Todd Haygood

P: 601.657.2107

E: kevinhaygood@valuteachers.com

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