Nys Deferred Comp Withdrawal Form For Withdrawal In North Carolina
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Distribution of earnings from the Roth 457 and 401(k) Plan before age 59½ or for a period shorter than five taxable years are subject to all applicable income taxes (Roth 401(k) distribution is also subject to penalties).
You can't borrow from an IRA, and early withdrawals could incur taxes and penalties.
The Plan differs from other defined contribution retirement plans (like a 401(k) or 403(b)), because it is designed and managed with public employees in mind. The New York State Deferred Compensation Board establishes and administers the Plan policies.
As always, you can speak with a Deferred Compensation Plan Customer Service Representative about the Plan and your account(s) on the phone by calling at (212) 306-7760, 9am to 5pm, Monday through Friday, except holidays.
Distribution of earnings from the Roth 457 and 401(k) Plan before age 59½ or for a period shorter than five taxable years are subject to all applicable income taxes (Roth 401(k) distribution is also subject to penalties).
If you have any questions, please email only to: ZoningVerificationLetter@planning.nyc. ATTENTION: As the Department of City Planning takes precautions against the spread of COVID-19, please expect some delays in processing times for zoning verification letters. We apologize for the inconvenience.
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).
For assistance or more information please contact NYCAPS at 212-487-0500.
All employees, non-Medicare retirees, and their non-Medicare dependents enrolled in a health plan offered by the City's Health Benefits Program receive coverage for certain categories of prescription drugs. For questions regarding the PICA prescription drug benefit program please call 1-800-467-2006.
