Nevada Deferred Compensation Program

Nevada Deferred Compensation Program

The Nevada Deferred Compensation Program was established under the state's Department of Administration to serve state employees, public school staff, and workers at participating local governments, including the Nevada System of Higher Education. Unlike the defined-benefit Public Employees' Retirement System of Nevada, the NDC is a voluntary defined-contribution supplement governed by Section 457 of the Internal Revenue Code. Assets are distributed across a small group of approved providers that administer the plan's investment lineup. The program offers a Voya Fixed Account and a Roth 457 option alongside traditional pre-tax contributions. Investment menus historically include stable-value, target-date, and passive equity strategies, though the committee periodically reviews the fund roster. Payroll deduction is the sole contribution mechanism, which creates a steady, non-discretionary inflow tied to the state's payroll cycle rather than market timing. The program is overseen by the Nevada Deferred Compensation Committee, currently chaired by Samantha Jayme. Executive Officer Rob Boehmer also holds a position on the executive board of the National Association of Government Defined Contribution Administrators. Day-to-day operations run from a single office in Carson City with a lean administrative staff. No separate investment management corporation, external CIO, or private-market allocation vehicle sits alongside the 457(b) trust. The NDC's structural distinction is its narrow fiduciary perimeter: it is an administrative platform, not a direct investor. Plan design, provider selection, and fee negotiation are its primary levers. There is no publicly disclosed allocation to venture capital, private equity, or direct real estate. The committee-managed governance model means investment-lineup changes move through a public-meeting process, with agendas and minutes posted on the program's website.