DEFERRED COMPENSATION
We are pleased to inform you that the Columbia County Board of Supervisors passed a resolution to transfer administration of the current Deferred Compensation Plan to the New York State Deferred Compensation Plan (NYSDCP) effective December 17, 2021.
Your assets held by the previous provider, Mass Mutual/Empower, should have transferred to the NYSDCP on December 17, 2021. You can confirm the transfer and gain access to your account at www.NYSDCP.com
NYS Deferred Comp Flyer
NYSDC Education and Enrollment Kit
NYSDCP Enrollment Form
If no action was taken by you, your assets will have defaulted into the NYSDCP Stable Income Fund upon the transfer from Mass Mutual/Empower. You will have unrestricted movement between funds once the transfer is completed.
The Plan ID Number for Columbia County is 212874.
It is also important that you provide NYSDCP with your current contact and beneficiary information. Beneficiary information may not be transferred from your current provider. The beneficiary information that you provide to NYSDCP will be effective on the date the assets transfer to the Plan. If you wish to update your beneficiaries prior to that date, please contact your current administrator.
The local NYSDCP Account Executive, Briana Milanese, will conduct educational workshops to cover the basics of deferred compensation and discuss how to diversify your investments. She will also be available to schedule individual meetings.
If you have questions or need assistance enrolling in NYSDCP, here are your options for getting assistance prior to the conversion date:
OVER THE PHONE CONSULATION:
Toll Free: (844) 867-8197
Monday – Friday, 9:00am – 4:30 pm
Fully licensed retirement specialist available to assist you.
We appreciate your cooperation during this important transfer, and we are available if you have questions.