New York State Deferred Compensation Plan 457(b)
Available to all employees.
Federal law allows tax-deferred savings up to $17,500 in 2013. If you will be age 50 or over in 2013, you may contribute an additional $5,500, for a maximum of $23,000. To do this, you must complete an Age 50 and Over Catch-Up Form. You may also be eligible to make additional contributions during the three consecutive years prior to your Retirement Catch-Up age.
There are no coordination limits between the 457(b) and the 403(b) plans. Therefore, you can contribute the maximum to each plan.
New York State Deferred Compensation Plan