Illinois Deferred Compensation Plan Template

The Illinois Deferred Compensation Plan is a retirement savings program designed for eligible state employees to contribute a portion of their salary toward long-term financial security. This form allows participants to enroll, update contributions or submit requests like withdrawals or beneficiary changes. It supports retirement planning by offering flexible investment options, tax advantages and accessible forms for account management.

State employees in Illinois who want to start contributing, change investment choices or request distributions must complete the appropriate form. This may be submitted with an Illinois deferred comp withdrawal form, a beneficiary form or other Illinois deferred comp forms, depending on the action needed.

The completed Illinois Deferred Compensation Plan form can be submitted through the website or directly to the Illinois State Board of Investment.