Retirement Planning Tips for New York State Employees
Tip of the Month (taken directly from the Self-Help Guide)
How much may I contribute from my paycheck to my Deferred Compensation Plan account?
You may defer up to $18,000 from your salary in 2017. Salary deferrals are made as a percentage of your salary from one percent of your compensation to 100 percent of your includible compensation. 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.