All New York State Deferred Compensation payroll deductions with an annual goal amount greater than $18,000 will end in 2015. If you wish to continue a payroll deduction in 2016, you will need to complete a form stating your election for 2016 and return it to Human Resources. The three-part form is available in the Human Resource Office.
For NYS deferred compensation goal amounts less than $18,000, the current 2015 deduction will roll to calendar year 2016.
Please note, you may change your election throughout the year by completing and submitting a form to Human Resources. Please allow five business days for the change to take effect prior to a payroll period.
Human Resources Team