Below you will find some brief facts about New York State’s Deferred Compensation Plan. For detailed information regarding the New York State Deferred Compensation Plan please contact your plan administrator or request materials from the Office of Human Resources at phone number 395-2126.
Definition:
The Deferred Compensation Plan (DCP) is a voluntary retirement savings plan available to UUP, CSEA, PEF, and Police and Safety employees. You may contribute a portion of their salary through payroll deduction before federal or New York State tax is calculated. This lowers your taxable income generating savings in addition to building retirement savings for your future.
Detailed information, enrollment instructions/materials, investment advice, retirement preperation tools, and plan forms may be found at the New York State Deferred Compensation Plan web site