Transcription of Deferred Compensation Plan & NYCE IRA
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Deferred Compensation Plan & NYCE IRA
Dear Sir/Madam:If you have been named a beneficiary by a New York City Deferred Compensation Plan participant, you may be entitled to receive funds from his or her booklet will explain the distribution and rollover choices available to you so that you can make an informed decision about what is best for your personal situation. You should, however, seek the advice of a financial plan-ner or tax consultant before making your date when you must begin to receive benefit payments and the maximum period over which you may receive benefits depends on: The age of the Plan Participant when he or she died; Whether the Plan Participant was receiving benefits from the Plan; Whether you are the Participant s spouse, another individual, or the representative of a non-individual (charity, trust, institution).If you have any questions, or would like additional information or assistance, please call our office at (212) 306-7760 between the hours of 9 and 5 , Monday through Friday, or visit us online at ,Georgette GestelyDirector- New York City Deferred Compensation Plan - OFFICE OFLABOR RELATIONSD eferred Compensation Plan & NYCE IRA 22 Cortlandt Street, 28thFloor, New York, NY, 10007 Tel: 212 306-7760 / TTY: 212 306-7707 / Outsi
Type of Payment Direct payment or rollover Direct payment or rollover Direct payment Payment Start Date* Any time after the participant’s death, but no later than the later of: a) December 31st of the calendar year in which the participant would have reached age 70 1/2 b) December 31st of the calendar year immediately following
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