As we step into spring, it’s the perfect time to revisit your goals and take charge of your future. True confidence comes from informed decisions, small but steady actions and a clear focus on building lasting financial security. This April, we’re celebrating National Financial Literacy Month by sharing tools and resources to help you build confidence in your ability to make smart financial decisions. Building financial knowledge today helps create habits that lead to lasting wellness and a more secure retirement.

This spring is also a great time to simplify your finances by consolidating accounts for easier management, potentially lower fees and streamlined planning. Don’t forget, small steps such as signing up for e-delivery can make management easier while supporting a greener planet. 

We’re here to guide and support you every step of the way. Thank you for being an active part of the Plan and for trusting us to help you prepare for your financial future.

signatures of board members Jones Ritter, Fields, and Friedfel

Welcome ... and thank you!

Andrea Stewart-Cousins, the Temporary President of the Senate, has appointed David J. Natoli as a new Board member effective January 27, 2026. Mr. Natoli previously served as a Board member from May 2016 to January 2024. Welcome back, David!

Mr. Natoli is replacing David J. Friedfel, who served as a Board member since January 2024. We extend a special thank you to David for his dedication to serving our participants.
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Happy New Year from the New York State Deferred Compensation Plan!
The start of a new year is a great time to review your financial goals. Take a moment to reflect on last year’s progress and set new objectives that support long-term security.

This year brings good news: The IRS has increased contribution limits for 2026. That means you have more opportunity to save and strengthen your retirement foundation. Consider how these expanded limits can help you invest more for the future.

It’s also a smart time to prepare for tax season. Gather important documents, such as IRS Form 1099-R (if applicable) and review your tax withholdings to ensure a smooth filing process. A little planning now can make a big difference whether you’re actively contributing or already enjoying retirement.

The Board remains committed to supporting you with resources and tools to help you succeed. Explore educational materials and webinars, and connect with your Account Executive for guidance on retirement planning and tax preparation.

Wishing you a prosperous year ahead!

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.

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.
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Contact your Account Executive for more information or if you have questions.

Participants in the New York State Deferred Compensation Plan will be charged administrative fees for the Plan Year beginning April 1, 2026, and ending March 31, 2027. Each participant account is charged a $20 annual fee, assessed in two $10 semiannual installments in April and October. In addition, an asset-based fee determined by the Board will be assessed to participants with a balance greater than $20,000. The semiannual asset-based fee in April 2026 is 0.013725%.