S.C. Deferred Compensation

About the Program

  • The South Carolina Deferred Compensation Program (SCDCP) offers 401(k) and 457 savings plans, both of which have a Roth option.
  • These voluntary retirement savings plans can help you supplement your Retirement Systems’ pension or your State ORP savings. You can participate in both of these plans.
  • There is no Employers’ contribution for any voluntary retirement savings plan.
  • If you participate, you decide how much to have deducted automatically from your pay. You decide where to invest your money among the mutual funds and other investment products offered.
  • The investment earnings on your tax-deferred savings also grow tax-deferred. You don’t pay taxes on your account until you take it out of the plans.
  • With the Roth option, you can make after-tax contributions today and generally take tax-free withdrawals at retirement. Employees will need to check with their payroll office to find out if this option is available to them.

For more information about the SCDCP, contact Great-West, the Program's record keeper and administrator: 

877-457-6263  and/or
SCDCP's website at http://www.southcarolinadcp.com/