The Deferred Compensation Plan


DCP Videos

Videos are added on a regular basis. Please check back often.


DCP in Lieu of FICA

DCP IN LIEU OF FICA

Employees who are not a member of a pension system and who elect to contribute 7.5% or more to the Deferred Compensation Plan will not pay Social Security (FICA tax). Watch this video to learn more about contributing to Deferred Comp in lieu of paying FICA tax.


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DCP Loans

DCP LOANS

These videos will help answer many questions you may have about how much you can borrow, how loan repayments are made, the consequences of taking a loan on your account balance over time and much more.


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DCP Basics

DCP BASICS

The New York City Deferred Compensation Plan (DCP) is a tax-favored retirement savings program available to New York City employees. The Plan is comprised of two programs: a 457 Plan and a 401(k) Plan and is an essential part of your retirement income.


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How to Change Your DCP Deferral

CHANGING YOUR DEFERRAL

DCP contributions, also referred to as your “deferral percentage,” can be changed, or stopped at any time, and for as long as you wish. You can do this by logging into your account online. This video shows you how.  

 


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How to Pick DCP Beneficiaries

CHOOSING BENEFICIARIES

When you enroll in DCP, you'll need to pick who receives your account if you pass away.  In the event of your death, DCP accounts are distributed according to your beneficiary elections, so it's really important to consider WHO those beneficiaries should be.  


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Withdrawing Assets

DISTRIBUTION PLANNING

How and when you take your money out of the Plan may be the most important decision you make as a DCP participant so be sure you have a clear understanding of your options before you begin distribution.

NOTE:  Use the left menu (when visible) to jump to specific topics. 

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Everything You Need to Know About DCP Video Series

FULL VIDEO

Find out everything you need to know about how the Deferred Plan works plus get helpful tips to assist you in navigating.

 

 


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ENROLL MODULE

Part of the "Everything You Need to Know About DCP" Video Series

Learn how easy it is to enroll in the Plan and to begin to build the foundation of your financial future.

 

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FUND ROLLOVER MODULE

Part of the "Everything You Need to Know About DCP" Video Series

Discover the simplicity and benefits of consolidating your funds in a single account, the NYCE IRA.

 

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WITHDRAWALS MODULE

Part of the "Everything You Need to Know About DCP" Video Series

Understand your withdrawal options and the steps to follow to withdraw your funds.

 

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SEMINARS MODULE

Part of the "Everything You Need to Know About DCP Video" Series

See all the different FREE financial seminars available to you to help you get a plan in place for a sound financial future.

 

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Additional Videos

NYCE IRA Videos

Women's Financial Roundtable Videos

Health Benefits Videos