You do not need to immediately contact us or withdraw your funds upon severance from City service. This video hightlghts 5 reasons why you just might decide it’s best to leave your money in the Plan rather than take it out.

When you reach a certain age, the IRS requires you start taking Required Minimum Distributions (RMDs) out of your retirement accounts each year.

Learn more about when you must begin taking RMDs, how they work and more.

Head into your retirement with confidence! This video touches all the bases - pension, health coverage, union benefits, Deferred Compensation, financial wellness - and lays out a plan for this exciting, transition, so that you may enjoy a comfortable retirement.

There are two tax-advantaged ways of saving in the NYC Deferred Compensation Plan; either on a Pre-tax or Roth basis - or both! This video explains the basic differences between the two contribution types.

Getting ready to retire? This video will provide you with easy-to-follow instructions and all the ingredients you will need to make yourself a comfortable retirement.

This video explains how the NYC Deferred Compensation Plan is an excellent choice as a third stream of income to supplement a pension and social security throughout retirement.

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The Deferred Compensation Plan makes investing easier for you by offering 12 pre-arranged portfolios. Selecting a single pre-arranged portfolio can give you a diversified portfolio professionally managed to your stages of life. This video explains how the pre-arranged portfolios work.

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Employees who are not a member of a pension system and who elect to contribute 7.5% or more to the Deferred Compensation Plan will not pay Social Security (FICA tax). Watch this video to learn more about contributing to Deferred Comp in lieu of paying FICA tax.

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These videos will help answer many questions you may have about how much you can borrow, how loan repayments are made, the consequences of taking a loan on your account balance over time and much more.

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The New York City Deferred Compensation Plan (DCP) is a tax-favored retirement savings program available to New York City employees. The Plan is comprised of two programs: a 457 Plan and a 401(k) Plan and is an essential part of your retirement income.

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When you enroll in DCP, you'll need to pick who receives your account if you pass away.  In the event of your death, DCP accounts are distributed according to your beneficiary elections, so it's really important to consider WHO those beneficiaries should be.  

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How and when you take your money out of the Plan may be the most important decision you make as a DCP participant so be sure you have a clear understanding of your options before you begin distribution.

NOTE:  Use the left menu (when visible) to jump to specific topics. 

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This video walks you through the steps of registering for online access to your DCP account.

This video walks you through the steps of enrollling in the NYC DCP and/or NYCE IRA.

This video will show you how to review and modify your current contribution deferral percentage. It will also take you through the various screens to show you how to schedule a future dated contribution, either as a one-time or on-going contribution change.

This how-to video will walk you through where to find information about the Plan's investment options as well as view your personal rate of return. You will also be shown how to view and change your investment elections and how to make fund transfers.