The State of Illinois Deferred Compensation 457 Plan recordkeeping is transitioning from T. Rowe Price to Empower, effective July 1, 2022. A transition guide was sent to your mailing address via postal mail from Central Management Services (CMS) last week. You may also view details on the Empower transition website.
You may make changes to your State 457 Plan with T. Rowe Price until 3:00 pm CT on Monday, June 27. There will be a blackout period beginning at 3:00 pm CT on Monday, June 27 through the week of July 10, where fund transfers, investment elections, and deferral changes will be unavailable. You will be notified by Empower when the blackout period ends.
Questions?
Please refer to the transition guide or call Empower at 833-969-4563 Monday through Friday, 7:00 am to 9:00 pm CT and Saturdays 8:00 am to 4:30 pm CT.
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