October Check your Pension Month!
During the month of October you should take the time to contact your pension plan to verify that they have the accurate number of years of employment and retirement savings associated with your years of employment. You can elect to enroll in a tax deferred annuity like TIAA City University of New York | Home (tiaa.org), TRS, or The TDA Program (trsnyc.org) plan which is for TRS members only.
The New York State Deferred Compensation plan 457(b) New York State Deferred Compensation (nysdcp.com) is a supplemental retirement savings plan that can help bridge the gap between your pension and Social Security and how much you will need in retirement. Your contribution can be pre-tax or after-tax which is a Roth 457(b).
We encourage employees to check their Pension Plan and Tax Deferred Annuity program for the following:
- Selected Beneficiaries
- Contribution Amount
- Correct Contact Address
- Phone number
Please contact Human Resources at humanresources@PROTECTED for any questions or to make changes to your retirement plan or tax deferred annuity. Please see the attachment for more information.
Thank you,
York Human Resources