As autumn reaches its peak, it’s a great time to reflect on growth — not just in your garden, but in your financial life as well. We’re here to help you nurture your retirement journey one step at a time.

In October, we’re excited to support National Retirement Security Month — a time dedicated to building strong financial habits that can blossom into long-term security. Whether you’re just starting out or you’re nearing retirement, a few ways to keep your financial future thriving include tracking your income and expenses, automating your savings, and investing in your financial education.

We also encourage you to explore our Financial Planning Checklist, organized by decade. Whether you're in your 20s and just getting started or in your 60s preparing to transition into retirement, this guide offers practical steps tailored to your stage of life.

We’re honored to support you on this journey. Let’s keep planting the seeds of financial wellness. Your future self will thank you.

signatures of board members Jones Ritter, Fields, and Friedfel
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On July 11, 2025, assets in certain funds of the New York State Deferred Compensation Plan were automatically transitioned to comparable funds to maintain your current investment strategy. This change was the result of our authorizing the NYSDCP staff and Administrative Service Agency to implement a fund mapping as part of the NYSDCP Board’s ongoing efforts to adapt to market changes and prioritize your financial well-being and long-term financial security.

We recognize the first half of 2025 has seen significant market volatility, which can be unsettling for investors. It’s important to stay focused on your long-term goals and remember that markets have historically recovered from downturns, so trusting your long-term strategy is crucial. By sticking to your investment plan, diversifying your portfolio and regularly reviewing your investments, you can navigate these fluctuations with confidence.

We have authorized the NYSDCP staff and Administrative Service Agency to implement a fund mapping in July. Assets invested in certain funds available through the Plan will be moved into funds with comparable objectives.

Fund mapping is a crucial aspect of the Board’s responsibilities. This effort aims to provide you and other NYSDCP participants with investments that prioritize your best interests.

We’ve directed our team to conduct the fund mapping automatically and seamlessly, so that no action on your part is required. However, this is a great opportunity to take the time to log in to your Plan account and ensure that your current investments are aligned with your retirement goals.

Also, we offer a reminder that April is Financial Literacy Month. We encourage you to take some time to cultivate your financial knowledge. This will help you align your personal finances with your current needs and ensure that your retirement goals are met in the future.

Again, thank you for your trust in the NYSDCP. We’re dedicated to helping you achieve a secure and prosperous retirement.

A new year brings with it new opportunities, often with goals to improve our lives — some personal and some financial.

The NYSDCP has been working behind the scenes to improve our services for you. We have introduced a new financial tool, My Income & Retirement Planner℠. We encourage you to try it out soon to work toward your retirement goals. With the start of this new year, we continue to work on our primary goal: to continually improve our services so that you can depend on the Plan to support you throughout both your career and retirement. When you need help with your financial goals, don’t hesitate to contact us.
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Contact your Account Executive for more information or if you have questions.