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NYS Deferred Compensation Plan

The NYS Deferred Compensation Plan is a voluntary retirement savings program, created by federal and state law, that permits government employees to defer up to 100% of compensation after any required salary deductions, but not more than the allowable maximum for the given year. You can contribute a portion of your salary through payroll deduction before federal and New York State income taxes are calculated.

The allowable maximums for 2012 is $17,000.

New for 2012 is the Roth 457 plan!

NYS Deferred Compensation is now offering a Roth 457 plan. For more information on this new product visit NYS Deferred Comp's web site.