The New York State Deferred Compensation Plan is a 457(b) retirement plan created for New York State employees, and employees of participating agencies.
Retirement may last for a long time. Your pension and Social Security benefits may be your primary retirement income source, but that might not be enough. Many retirees may face an income gap in retirement. In addition, inflation could erode the value of these benefits. Preparing for retirement through the Plan may help overcome any retirement income gap and potentially provide additional financial security for unexpected expenses.