Keep your Money Clocked in Long after you Clock Out

June 6, 2019

As you inch closer toward a decision to retire, it’s important that you prepare for that next chapter by having an understanding of how keeping your hard-earned money in the NYCDCC Annuity Plan (“the Plan”) is beneficial to you. As a participant of the Plan, your employer(s) makes contributions on your behalf, and your account grows on a tax-deferred basis through a variety of investment options. When you retire, you can keep your money in the Plan and avoid any applicable taxes and penalties associated with withdrawing your money. Additionally, by keeping your money in the Plan, it continues to grow (pending positive investment returns) and you continue to benefit from the low investment fees. To learn more about your Annuity account and retirement options, click the flyer located below. For questions regarding your individual accounts, you can contact Prudential via its website at www.prudential.com/nycdccbf or by calling them at (877) PRU-2100.