If you participate in the state’s deferred compensation plan or want to get started participating and you will receive retroactive pay under the new PS&T contract in early November, this is for you.
The New York State Deferred Compensation Plan (457b) will host educational webinars October 12 and 13 for PEF members who wish to attend and who are thinking of enrolling into the plan The webinars are intended specifically for those who will receive retroactive pay in November.
The NYSDCP is a supplemental retirement plan which is also known as a 457(b) plan and its mission is to help state and local public employees achieve their retirement savings goals and help bridge any potential financial gap in retirement.
Plan staff will review the benefits of participating in the plan and will explain how to enroll it. The webinars also will tell you how and when to change your payroll contributions specifically for retro payments, and plan “Catch-Up” provisions.
You will have a chance to ask questions at the end of the presentation and staff will be available to answer and assist you.
To attend a webinar, use one of these two links to register for it:
Tuesday, October 12, 2021 1:30 pm
https://nationwidepcsales.webex.com/nationwidepcsales/onstage/g.php?MTID=ef9e5dcf80c6d32e90d47801572c23077
Wednesday, October 13, 2021 4:00 pm
https://nationwidepcsales.webex.com/nationwidepcsales/onstage/g.php?MTID=ed06bfff3c392bb09e52f781f7f12fea3
If you are interested but unable to attend one of these webinars, contact your local account executive via email, phone or virtual appointment with any questions you may have. That email address is https://www.nysdcp.com/rsc-web-preauth/contact/meet-your-account-executives.
Please share this information with your fellow PEF members.
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October 08, 2021 at 08:31PM
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Getting retro pay? Sign up for a deferred comp webinar Oct.12 or 13 - NYS PEF
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