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The Deferred Compensation Plan

Important Notice

The Deferred Compensation Plan's client service walk-in center is closed. You can contact a Plan representative at (212) 306-7760.

Due to the closure of the office, if you mailed or faxed forms or correspondence March 11, 2020 or after, we cannot access or process that form.

Please resubmit your documents as follows:

1) Inquries and questions can be sent via email to the Plan.

2) Forms/documents can be sent via email to NEWYRK@VOYAPLANS.com. Please only include the last 4 digits of your Social Security number, along with your name and address on all forms. Forms can also be faxed to 844-299-2362.

Also, please do not send forms or documents via express mail. The office is closed and the package cannot be accepted. 

Please check back periodically for updates.


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

DCP NEWS

 

1.  New Recordkeeping Provider
2.  Attention Public Safety Workers 
3.  Contribution Limit Increases in 2020
4.  Seminars Added

 


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? Get your Personalized Financial Snapshot.