The Deferred Compensation Plan

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.  To learn more about this, play our DCP in Lieu of FICA Video.



1.  Attention Public Safety Workers 

2.  Contribution Limit Increases in 2019

3.  Seminars Added

4.  Mobile Web App


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Key differences between the 457 and 401(k) Plans

Learn More About DCP

How to Enroll

Retirement Planning Tools



How to Contact Us

We are located at 22 Cortlandt Street, 18th Floor.

To reach us 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 are:

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


Please 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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