NYC Deferred Comp CARES Act & COVID-19 Forms & Information

The NYC Deferred Compensation Plan has created a web page explaining coronavirus related distributions and loans.  The web page also has forms available if a participant wants to take a coronavirus-related distribution (CRD), coronavirus-related loan request, etc.

In order to waive 2020 Required Minimum Distribution (RMDs) from the 457 (b) Plan, 401(k) Plan, 401(a) Plan, and the NYCE IRA the participant has to complete a “Coronavirus-Related  RMD Waiver Form“.  Participants who do not submit the RMD Waiver Form will receive their scheduled 2020 RMD payments.