The Deferred Compensation Plan


National Retirement Security Week


October 15–21, 2017

National Retirement Security Week is a national effort to raise public awareness about the importance of saving for retirement. The week provides an opportunity for employees to reflect on their personal retirement goals and determine if they are on target to reach those goals.


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Everything You Need to Know About DCP
Enrolling in DCP
Rolling Funds into DCP
Financial Planning Seminars Video
Withdrawing Assets

 

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General Information

The New York City Deferred Compensation Plan (DCP) allows eligible New York City employees a way to save for retirement through convenient payroll deductions. DCP is comprised of two programs: a 457 Plan and a 401(k) Plan, both of which offer pre-tax and Roth (after-tax) options.

For employees enrolled in a City pension plan, and for non-pension member employees who are contributing less than 7.5% to either the 457 Plan or the 401(k), DCP is a supplemental savings plan to their pension and Social Security.

For non-pension member employees who elect to contribute 7.5% or more to the Deferred Compensation Plan, DCP is their sole retirement plan in lieu of Social Security.

DCP NEWS

 

1.  Attention Public Safety Workers 

2.  Contribution Limit 2017

3.  Seminars Added

4.  Mobile Web App

 


Eight in ten investors either feel they are not saving enough for retirement or aren't sure how much they need to save. Are you sure that you’re saving enough for your future? Click here to see your Personalized Financial Snapshot.

 

Key differences between the 457 and 401(k) Plans

Learn More About DCP

How to Enroll

Retirement Planning Tools

 


 

How to Contact Us

You can reach our new location at 22 Cortlandt Street, 12th Floor by subway. Take the A, C, J, Z,#2, #3, #4 or #5 to Fulton Street; E to World Trade Center/Church Street; or R to Cortlandt Street. We are located in the Century 21 Building.

Our telephone and fax numbers remain the same:

Phone: (212) 306-7760
Outside NYC: (888) DCP-3113 (888-327-3113)
Fax: (212) 306-7376
TTY (hearing impaired): (212) 306-7707

 

Please continue to send written inquiries/correspondence to the following mailing address:

New York City Deferred Compensation Plan
Bowling Green Station, P.O. Box 93
New York, NY 10274-0093


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