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New York State Deferred Compensation New York State logo with text labelling the logo specific to Deferred Compensation Plan A 457b Plan for Your Future New York State Deferred …

A taxpayer who is a New York State resident and at least age 59½ at the beginning of the calendar year is eligible to deduct up to $20,000 of distributions received during the entire year …

What is deferred compensation and the New York State Deferred Compensation Plan? How does the Plan help me prepare for retirement if I already have a pension and Social Security?

The Plan is a voluntary retirement savings plan offered by New York State and your employer, to allow public employees like you to put aside money from each paycheck toward retirement.

The Plan is a voluntary retirement savings plan offered by New York State and your employer, to allow public employees like you to put aside money from each paycheck toward retirement.

As retirement approaches, it’s important to understand your options for receiving your money. The payment/withdrawal options are similar for all plan types, with some age-related differences.

Join us for a conversation about important considerations as you get closer to retirement. We will discuss longevity, income sources, asset consolidation, and required minimum distributions.

Your first RMD can be deferred until April 1 of the calendar year following your separation of service. Note: If you are a Beneficiary, your RMD amount is impacted by several factors. For …

When you change jobs, your 403 (b), 457 (b), or 401 (k) investments can maintain their tax-deferred status, with taxes due only upon withdrawal. The rollover process may take up to 90 …