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The New York City Employee IRA
Funding your NYCE IRA
There are two ways to put money in your NYCE IRA account: you can make contributions of earned income, and you can roll over assets.
Contributions can be made in the form of a check or money order to be deposited into your NYCE IRA account. You can also roll over assets, which are generally tax-free, as a distribution from a previous retirement plan or IRA.
IMPORTANT: Contributions to the New York City Employee (NYCE) IRA should be sent directly to the NYCE IRA lockbox. 2024 IRA contribution checks must be received in the lockbox no later than 3 business days prior to the tax filing deadline of April 15, 2025 (excluding extensions). Therefore, contributions sent to the NYCE IRA lockbox must be received by April 11, 2025 in order for your contribution to be attributed to tax year 2024.
New in 2025
Funding your NYCE IRA through payroll deductions will be available by the end of the first quarter allowing you to contribute to the NYCE IRA on a regular basis throughout the year. The NYCE IRA just got even NICER!
Funding your Traditional NYCE IRA with regular contributions
Funding your Roth NYCE IRA with regular contributions
Funding your Traditional NYCE IRA using a rollover
Funding your Roth NYCE IRA using a rollover/conversion