The Deferred Compensation Plan


DCP Videos

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


Differences between Pre-tax and Roth

Differences between Pre-Tax and Roth
PRE-TAX AND ROTH

There are two tax-advantaged ways of saving in the NYC Deferred Compensation Plan; either on a Pre-tax or Roth basis - or both! This video explains the basic differences between the two contribution types.


 

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Preparing for Retirement

Preparing for Retirement
PREPARING FOR RETIREMENT

Getting ready to retire? This video will provide you with easy-to-follow instructions and all the ingredients you will need to make yourself a comfortable retirement.

 

 

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The Right Blend for Your Retirement

The Right Blend for Your Retirement
SOCIAL SECURITY, PENSION AND DEFERRED COMP

This video explains how the NYC Deferred Compensation Plan is an excellent choice as a third stream of income to supplement a pension and social security throughout retirement.

 

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Understanding DCP's Pre-Arranged Portfolios

PRE-ARRANGED PORTFOLIOS

The Deferred Compensation Plan makes investing easier for you by offering 12 pre-arranged portfolios. Selecting a single pre-arranged portfolio can give you a diversified portfolio professionally managed to your stages of life. This video explains how the pre-arranged portfolios work.

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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 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.

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