If you participate in the state’s deferred compensation plan or want to and you will receive retroactive pay under the new PS&T contract in early November, this is for you.
The New York State Deferred Compensation Plan (457b) will host educational webinars October 12 and 13 for PEF members who are thinking about enrolling in the plan. The webinars are intended specifically for those who will receive retroactive pay in November.
The NYSDCP is a supplemental retirement plan — also known as a 457(b) plan — and its mission is to help state and local public employees achieve their retirement savings goals and help bridge any potential financial gap in retirement.
Plan staff will review the benefits of participating in the plan and will explain how to enroll. The webinars also will tell you how and when to change your payroll contributions specifically for retro payments, and plan “Catch-Up” provisions. You will have a chance to ask questions at the end of the presentation.
To attend a webinar, use one of these two links to register:
Tuesday, October 12, 1:30 pm
Wednesday, October 13, 4:00 pm
If you are interested but unable to attend one of these webinars, contact your local account executive via email, phone or virtual appointment with any questions you may have. That email address is https://www.nysdcp.com/rsc-web-preauth/contact/meet-your-account-executives.
Please share this information with your fellow PEF members.