Αποτελέσματα Αναζήτησης
DCP Guides and Forms. Loan Requests - The Plan has been receiving an unusually large number of loan requests. As a result it may take up to 4 weeks for your loan application to be reviewed and processed. Please plan accordingly when submitting your application.
Any active employee who is a participant in either the 457 or 401 (k) plan is eligible to apply for a loan if the plan for which the loan is taken has an account balance of $5,000 or more at time of application. 401 (k) Roth accounts are not available for loans.
How Do I Apply for a Loan? If you have unexpected expenses arise and need to access money in your account, you can apply for a loan from your Plan account. The loan process is very similar to that of your bank or credit union. The HELPLINE can talk to you about the details and how to apply.
If the assets in your Deferred Compensation account are insufficient to meet your loan request, you may take a loan from your Rollover Account, if you have one. Loan to be Withdrawn Pro-Rata from Existing Investments
The New York City Deferred Compensation Plan (DCP) is a tax-favored retirement savings program available to New York City employees. The Plan is comprised of two programs: a 457 Plan and a 401 (k) Plan. Eligible employees may choose to enroll in either the 457, the 401 (k), or both. There are two different types of contributions that can be ...
If you need a Separation from Withdrawal Form for your SERS Defined Contribution Plan or SERS Deferred Compensation Plan, please contact Empower at (866) 737-7457. If you need assistance resolving an Agency Debt that is holding up payment of your withdrawal, please contact your HR Department.
Deferred comp accounts have certain tax advantages as outlined in Section 457(b) of the IRS tax code. The SERS board has contracted with Empower Retirement as the third-party administrator of this investment plan.
