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	Congratulations on making a very important decision to start saving now for your retirement! Employees may participate in the either the 457 Plan or the 401(k) Plan (which includes the Roth), or both if eligible. Both Plans are administered by the New York City Deferred Compensation Plan, which is a voluntary retirement savings program. All before-tax contributions to the Plan are made through payroll deductions and are taken before federal, state and local taxes are assessed. The Roth component of the 401(k) Plan became available in March 2006, and allows employees to make payroll deductions on an after-tax basis. While the purpose of each of these options is to offer a convenient way to save for retirement, there are a number of differences between them (please refer to the comparison chart for details). The investment lineup is the same for the two plans. Order your Deferred Compensation Plan enrollment materials - your Personal Identification Number (PIN), as well as a Summary Guide of 457 & 401(k) Plan Provisions and an investment planning video will be mailed to the address on file with the City. Please contact your agency benefits or payroll department if you have recently moved in order to change your address. Attention employees of the Police Department: For security reasons, your mailing address is not provided to the Plan. Please call the Plan at (212) 306-7760 for information on how to update your mailing address with the Plan. After you update your address with the Plan, you will be able to order your enrollment materials. The video and summary guide outline the Plan rules and detail the investment options offered by the Plan. Investment fund profiles are available in the Investment Funds section. Once you receive the material, please review it carefully. Order Plan Materials to enroll in the Deferred Compensation Plan Be prepared for retirement! Use Personalized Financial Snapshot to determine your net worth and see if you're saving enough for retirement. This tool offers you an introduction to retirement planning and allows you to create your own printable retirement report. Based on your answers, the program will provide an estimate of how close you are to meeting your goals and help explore options. Download the Plan's Account Computation software module to help you determine your before-tax deferral percentages and see how joining the Deferred Compensation Plan affects your take-home pay. Planning Tools Enroll in the 457 Plan or the 401(k) Plan - You will need to enter your Social Security Number and PIN in order to enroll in either the 457 Plan or the 401(k) Plan. You will be able to select your deferral percentage (the amount to be deducted from each paycheck). You will also need to choose your investment allocation. The Plan's array of investment options include seven core options, from which you can make your own portfolio, or choose one of plan's pre-arranged portfolios made up of the Plan's core options. Learn more about the Plan's Investment Funds Enroll in the Plan (PIN required)