Retirement Planning Tips for New York State Employees
Tip of the Month (taken directly from the Self-Help Guide)
Will participation in the Deferred Compensation Plan reduce my Social Security benefits?
No. Your Social Security benefits will not be reduced because of your participation in or your benefits from the Deferred Compensation Plan. To speak to a Deferred Compensation Account Executive or HELPLINE Representative, call (800) 422-8463. Representatives are available Monday through Friday, from 8:00 a.m. to 11:00 p.m., and Saturdays from 9:00 a.m. to 6:00 p.m., except holidays. You may also visit the Deferred Compensation Plan website at www.nysdcp.com.