Click on the Button above to enroll in the plan using our new online Enrollment
Welcome to The Suffolk County NY Deferred Compensation Plan Website
This Website is for Employees of Suffolk County NY Government.
The Suffolk County Deferred Compensation Plan allows employees to save for retirement, with pre-tax contributions. Saving towards retirement though the Plan is easy and adds to your retirement income. Your savings can be withdrawn when you leave County service, regardless of age, and there are various withdrawal options. Please refer to the Plan Summary Guide for more information
If you are an Employee and would like to Join the Suffolk County Deferred Compensation Plan. Click The "Enroll Today" Button Above.
You may also join by using the Enrollment Kit. Download the Updated Enrollment Kit
Enrollment FORM Only
RFP for Record Keeping. Download RFP
Download Attachment A, Attachment B
Download RFP Addendum Number #1 (Includes Answers to Technical Questions)
T.Rowe Price is onsite at County Offices and Union locations each month to answer questions and assist with plan related documents and enrollments. The dates and locations are organized by date and are arranged prior to the start of each Calendar Quarter. It is recommended that participants first call to reserve a time and date with the T.Rowe Price onsite Representative Coordinator prior to the visit -( Phone number is listed below). To see where the next visit will be click on the onsite schedule link. To schedule an appointment please call the T. Rowe Price Representative Coordinator Sean Franklin at 410-345-5277.
Suffolk Deferred Compensation Board announces Admin Budget reallocation of excess revenue to participants. "Following the January Deferred Compensation Board meeting, the Board instructed T. Rowe Price to issue another credit to Plan participants, based on excess revenue from 2018." Click here to Read the Full Announcement
T.Rowe Price Representative Onsite Schedules:
Visualize Retirement Seminar
What are you saving for?
All too often, people equate retirement planning success with retirement savings success. But savings only accounts for the financial part of the equation -- and the most critical part of planning for retirement is overlooked/forgotten: the plan itself. Put another way: how can you know how much to save if you don’t know what you’re saving for? This session explores a critical need that you may not have thought about, and walks you through the 5 Ws (who, what, where, when, why) of creating your retirement vision.
2019: July-September ~ T.Rowe Price Representative Onsite Schedule
2019: October - December ~ T.Rowe Price Representative Onsite Schedule
Leaving County Service - Please read this informative Guide
"Plan Participants Separating From County Service - What to Know."
Please contact your Board Representative if have any questions regarding the Suffolk County Deferred Compensation Plan.
2019 Deferral and Age 50 Contributions Limits
The 2019 Elective deferral maximum limit for governmental 457(b) plans are as follows:
|457(b) Elective Deferral
|Age 50 Limit for 457(b) Government Plans
The 2019 Elective deferral limit is ($19,000) and the Retirement Catch-up limit ($19,000) is $38,000. As in prior years, participants are not eligible to contribute to both Retirement Catch-up and Age 50 Contributions in the same calendar year. Contact your Board representative to determine eligibility for catch-up.
If you have any questions, please contact your Union Board representative (see listing on this site) you may also leave a message for the plan administrator at 631-853-5424.
Plan Summary Guide
The Deferred Compensation Board is pleased to announce that the Plan Summary Guide is now updated with important features of the plan such as taking a loan from your account, applying for retirement catch up, distribution options and unforeseeable emergency guidelines. This guide can be downloaded from this website by clicking on the link at the left. We hope that you will find this booklet both user-friendly and informative.