Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Dcp Enrollment topic
No spam. Unsubscribe anytime.
How to enroll in Nebraska Retirement Systems’ Deferred Compensation Plan through Workday
Summary
An agency video walkthrough shows state employees how to start, change or stop Deferred Compensation Plan (DCP) contributions in Workday, explains beneficiary and leave-payout limits, and directs members to Ameritas for investment choices and to the agency website for the member handbook.
A Nebraska Retirement Systems presenter walked viewers step-by-step through using Workday to enroll in the Deferred Compensation Plan (DCP), saying employees "can start, adjust, and or stop your contributions at any time." The video explains what Workday handles — and what requires separate forms or external sites.
The guidance begins with access and navigation: log into Workday via link.nebraska.gov with an @nebraska.gov email or Workday credentials, click the benefits icon on the right side of the Home page, choose "Change Benefits," then select the alphabetized "Deferred Compensation enroll/change" option. The presenter demonstrates setting a benefit event date (mm/dd/yyyy or calendar entry) and stresses dates cannot be backdated; changes take effect as soon as administratively possible, typically the next pay period.
The presenter warned three items are not processed in Workday: designating beneficiaries, deferring leave payouts, and selecting investment funds. Beneficiary designations must be submitted using the EMPERS Beneficiary Designation Form available on the agency website, and leave payout deferrals require a separate EMPERS form. Investment elections are made on the Ameritas website; participants are defaulted into a target-date LifePath Index fund but may change funds there.
On contribution amounts, the video shows where to enter bi‑weekly payroll deductions and instructs users to hit "Save," then "Review and Sign," accept the terms, and "Submit" to finalize elections. The presenter noted the required minimum is $12.50 bi‑weekly (or $25 per month) and then listed 2026 annual contribution limits: $24,500 for participants under 50; $32,500 for ages 50–59 and participants 64 and older; and $35,750 for those turning ages 60–63 during 2026. The video also cautions that employees with at least $150,000 in FICA wages in 2025 are limited to the $24,500 amount because higher catch-up contributions would require Roth elections, which the presenter said current systems do not support.
The presenter directed members to the DCP member handbook on the agency website (npers.ne.gov) for full plan details, recommended watching Ameritas how‑to videos for investment selection, and pointed to the annual investment report for fund prospectuses and performance information. The video closed with agency contact phone numbers for questions and encouraged employees to use Workday or the linked forms and sites to complete their elections.
The video is a procedural how‑to; it does not make policy changes or record votes. For enrollment questions that the video does not address, the presenter advised contacting the agency phone numbers listed on the website.
