Deferred Compensation Board

Agency Web Site: https://www.nysdcp.com/

Mission

The Deferred Compensation Board (DCB) administers the New York State Deferred Compensation State Plan, which serves over 157,000 State employees and 105,000 employees of local participating governments. There are approximately 200 local governments that sponsor and administer their own deferred compensation plans.

Organization and Staffing

DCB is headed by an Executive Director, who is appointed by the three members of the NYS Deferred Compensation Board.

Major Programs

The DCB is the rule making entity, as established under section 5 of the State Finance Law for all Internal Revenue Code 457(b) governmental plans in New York. Rules promulgated under the section are periodically amended and apply equally to the State and local plans.

DCB administers the State plan through a number of selected vendors and is responsible for day-to-day activities and coordinating the policy decision-making by the board. DCB issues requests for proposals for its vendors, according to NYS procurement policies, and reviews responses and provides guidance to the Board in making selections. The board makes policy decisions and vendor selections at quarterly public meetings.

DCB also provides support to localities with plans in areas of compliance with rules, plan documents, and guidance in plan operations.

Budget Highlights

The FY 2026 Executive Budget recommends $1 million in appropriations ($111,000 General Fund; $894,000 Special Revenue Funds-Other), and a workforce of 4 FTEs. The appropriations and FTEs remain unchanged from FY 2025.

ALL FUNDS
APPROPRIATIONS
(dollars)
Category	Available FY 2025	Appropriations Recommended FY 2026	Change From FY 2025	Reappropriations Recommended FY 2026
State Operations	1,005,000	1,005,000	0	0
Total	1,005,000	1,005,000	0	0

ALL FUND TYPES
PROJECTED LEVELS OF EMPLOYMENT BY PROGRAM
FILLED ANNUAL SALARIED POSITIONS
Program	FY 2025 Estimated FTEs 03/31/25	FY 2026 Estimated FTEs 03/31/26	FTE Change
Operations
Special Revenue Funds - Other	4	4	0
Total	4	4	0

STATE OPERATIONS
ALL FUNDS FINANCIAL REQUIREMENTS BY FUND TYPE
APPROPRIATIONS
(dollars)
Fund Type	Available FY 2025	Recommended FY 2026
General Fund	111,000	111,000
Special Revenue Funds - Other	894,000	894,000
Total	1,005,000	1,005,000

STATE OPERATIONS
ALL FUNDS FINANCIAL REQUIREMENTS BY PROGRAM
APPROPRIATIONS
(dollars)
Program	Available FY 2025	Recommended FY 2026	Change
Operations
General Fund	111,000	111,000	0
Special Revenue Funds - Other	894,000	894,000	0
Total	1,005,000	1,005,000	0

STATE OPERATIONS - GENERAL FUND
SUMMARY OF NONPERSONAL SERVICE AND MAINTENANCE UNDISTRIBUTED
APPROPRIATIONS AND CHANGES
FY 2026 RECOMMENDED
(dollars)
Program	Total
Program	Amount	Change
Operations	111,000	0
Total	111,000	0

STATE OPERATIONS - GENERAL FUND
SUMMARY OF NONPERSONAL SERVICE AND MAINTENANCE UNDISTRIBUTED
APPROPRIATIONS AND CHANGES
FY 2026 RECOMMENDED CONTINUED
(dollars)
Program	Contractual Services
Program	Amount	Change
Operations	111,000	0
Total	111,000	0

STATE OPERATIONS - OTHER THAN GENERAL FUND
SUMMARY OF APPROPRIATIONS AND CHANGES
FY 2026 RECOMMENDED
(dollars)
Program	Total		Personal Service
Program	Amount	Change	Amount	Change
Operations	894,000	0	495,000	0
Total	894,000	0	495,000	0

STATE OPERATIONS - OTHER THAN GENERAL FUND
SUMMARY OF APPROPRIATIONS AND CHANGES
FY 2026 RECOMMENDED CONTINUED
(dollars)
Program	Nonpersonal Service
Program	Amount	Change
Operations	399,000	0
Total	399,000	0

Note: Most recent estimates as of 01/21/2025

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