The Illinois Department of Central Management Services (CMS) is pleased to announce that beginning July 1, 2022, the State of Illinois Deferred Compensation Plan recordkeeping services will be transferred to Empower.
For plan details, including investment information, visit the State of Illinois Deferred Compensation Plan website.
The transfer to Empower will happen automatically. Your contributions, investments, distributions, and loans are not changing. You don’t need to do anything right now unless you want to make changes to your account at T. Rowe Price.
This change is designed to give you more ways to access and manage your retirement account, improve your overall retirement planning experience, and empower you to make the journey to retirement as rewarding as every day after.
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We've been serving retirement plans for 40 years. Through acquisition and growth, we've become the second-largest provider in the country. Retirement isn't just what we do. It's all we do. Our primary focus is delivering the highest level of service possible to help millions of people just like you work towards a successful future.
You can look forward to using Empower’s leading website experience to help you plan and manage your retirement savings.
1 Pension & Investments Defined Contribution Survey Ranking as of April 2020.
2 As of January 4, 2021.
These dates and times are subject to change. Please see your plan representative for more information.
To make changes to your account before the blackout period, contact T. Rowe Price at rps.troweprice.com.
For full details, please see the transition guide on the Transition communications tab.
Dates and times are subject to change.
Empower Retirement, LLC and its affiliates are not affiliated with T. Rowe Price.
Call Empower at 833-969-ILDC
Retirement representatives are available Monday through Friday from 7 a.m. to 9 p.m. Central time and Saturdays from 8 a.m. to 4:30 p.m. Central time.
Keep an eye on your mailbox as additional information will be sent to your home address in late May.