Deferred Agreement Sample For Business In Queens
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Contributions • 2025 annual limit of $23,500; $31,000 if age 50 or older; $34,750 annual limit applies for participants who attain ages 60, 61, 62 and 63 ($31,000 at age 64 or older) • 2025 annual limit of $23,500; $31,000 if age 50 or older; $34,750 annual limit applies for participants who attain ages 60, 61, 62 and ...
A team of 17 regional Account Executives who offer local on-site educational programs to employees of participating employers. A team of HELPLINE Representatives located in Troy, New York that is available Monday through Friday 8am until 11pm and Saturday from 9am until 6pm.
Please know that your assets that started and grew in your regular Plan account or were rolled over from another 457 deferred compensation plan are not eligible for a withdrawal until you leave public service, become age 59 1/2, or are needed for an unforeseeable emergency withdrawal.
Deferred compensation board members Note that board members do not have your personal account information, so please address questions related to your account to the HELPLINE, at 1-800-422-8463, or to your local Account Executive.
All inquiries related to EFT payment effective date, claim/benefit explanations, change of address and discontinuation of payments should be directed to the Law Department at workerscompensation@law.nyc or by phone at (718)724-5500.
Indirect Rollover: The Deferred Compensation Plan will accept eligible rollover distributions from an eligible retirement plan. This amount must have been received by you, from the previous plan, no longer than 60 days prior to deposit in the Deferred Compensation Plan.
The New York City Deferred Compensation Plan (DCP) allows eligible New York City employees a way to save for retirement through convenient payroll deductions. This plan is administered by The Office of Labor Relations (OLR).
NYCERS' benefit payments (monthly retirement allowances, loans and excess refunds) are subject to Federal taxes, but are exempt from New York State and local income taxes if your primary residence is within New York State.