How do I contact NYS deferred compensation?

Contact us Phone. Helpline: 1-800-422-8463. Monday-Friday 8 a.m. 11 p.m. ET. Saturday 9 a.m. 6 p.m. ET. Email. participant.service nysdcp. Don't include personal information such as Social Security number. 1 on 1 support. Meet your Account Executives, attend a webinar or schedule an appointment.

US Legal Forms
Deferred Compensation Agreement - Long Form

Nys Deferred Comp Withdrawal Form Online In Philadelphia

Q: Can I borrow from my IRA?

You can&#039;t borrow from an IRA, and early withdrawals could incur taxes and penalties.

Category:

Employment - Compensation

State:

Multi-State

County:

Philadelphia

Control #:

US-00418BG

Format:

Instant download

Description

The Nys deferred comp withdrawal form online in Philadelphia is a critical tool for individuals looking to manage their deferred compensation benefits efficiently. This form allows employees to request withdrawals from their deferred compensation plans, ensuring access to funds for various needs post-employment or during retirement. Key features of the form include clear sections for personal information, withdrawal amounts, and the selection of payment options. To fill out the form, users must provide accurate details to avoid processing delays. Editing the form is straightforward, allowing for corrections prior to submission. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who assist clients or employers in navigating retirement benefits. It provides a clear, structured process for managing benefits, ensuring compliance with relevant laws, and facilitating timely access to funds. Understanding this form is essential for professionals in the legal field who counsel individuals on financial planning and retirement strategies.

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FAQ

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.

You can: Call the HELPLINE at 1-800-422-8463 and an Account Executive will help you.

Additionally, you can call the City of Philadelphia Deferred Compensation Customer Service Team at 855-550-1777 or complete a Contribution Change Form (PDF) (PDF).

You may keep your contributions in the Plan and continue to build savings for retirement. However, you may withdraw your contributions if you: Have a Plan account balance of less than $5,000, exclusive of any assets you may have in a rollover account, AND. Have not contributed to the Plan in the last two years, 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.

Contact us Phone. Helpline: 1-800-422-8463. Monday-Friday 8 a.m. – 11 p.m. ET. Saturday 9 a.m. – 6 p.m. ET. Email. participant.service@nysdcp. Don't include personal information such as Social Security number. 1 on 1 support. Meet your Account Executives, attend a webinar or schedule an appointment.