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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.
The City's Deferred Compensation Plan (DCP) is a tax-favored retirement account that lets you save for the future through easy payroll deductions. Your earnings accumulate tax-free and stay in your account while you are a City employee.
The Deferred Compensation Plan Congratulations on making a very important decision to start saving now for your retirement! Eligible employees may participate in both the 457 Plan and the 401(k) Plan, and can make pre-tax and Roth (after-tax) contributions through convenient payroll deductions.
Every step of the way. Sign up and manage your deferred compensation retirement account.
NYC DCP App. Access your retirement savings account whenever and wherever you want. You'll be greeted by a personalized retirement calculator that offers a quick view of the retirement income that your savings is likely to provide.
Dec 27, 2023 · The New York City Deferred Compensation Plan (DCP) allows eligible New York City employees a way to save for retirement through convenient payroll deductions. This plan is administered by The Office of Labor Relations (OLR).
Dec 27, 2023 · Please note that under IRS regulations, a loan from NYCERS or a loan from your 457 or 403 (b) Deferred Compensation Plan account are considered to be loans from the “same employer” and are subject to all IRS rules concerning loans.
