Introduction Net-Pay Calculator/Paycheck Comparison Future Value of Account DCP Website
 

Introduction

The New York City Deferred Compensation Plan's Account Computation application (AC) is comprised of two retirement planning calculators that have been designed to help you understand how contributing to the Plan will affect your take-home pay as well as provide a projection of the future value of your account. By using these online tools, you will have access to details about tax advantages, account growth (based on an estimated annual rate of return), and other paycheck information that can help you make informed account decisions.

 

Net-Pay Calculator/Paycheck Comparison
Whether you are a NYC employee who is thinking about enrolling in the Deferred Compensation Plan or an existing participant who is considering changing your contribution percentage, the Plan's Net-Pay Calculator/Paycheck Comparison can help you select a contribution percentage that's just right for you. This online calculator provides a comparison of your current net-pay with the amount that you would take home based on the contribution percentage that you are considering - so you will be able to see how starting or modifying your contribution percentage would affect your take-home pay BEFORE actually making any changes. Just grab a copy of your current paystub, in order to enter paycheck deduction information into the calculator, and you're ready to get started!

Net-Pay Calculator/Paycheck Comparison

 

Future Value Calculator
The Future Value component of the Account Computation application can assist you with projecting how your NYC 457 and/or 401(k) accounts may look in the future.

Future Value Calculator

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For questions about how to use the Account Computation calculators, please call our client service department at (212) 306-7760.


DCP Basics
Why Join the Plan?
How to Enroll
NYC Deferred Compensation Plan videos
NYC DCP Financial Wellness Center

The Net-Pay Calculator/Paycheck Comparison shows you how NYC Deferred Compensation Plan contributions will affect your take-home pay.

Paycheck Deduction Information
Gross Salary $ Pay Frequency
  Annually Per Pay Period Weekly Biweekly Semi-Monthly Annually

Tax Status* Marital Status Number of Exemptions Claimed
*Currently Using Year 2021 Tax Tables Single Married Federal State City

Pre-Tax Deductions
Are you a member in Pension System? No Yes
Pension Deduction* $ *414, 414STD etc.
Commuter Benefit* $ * Transit Spending Account. The monthly maximum amount is $
Health Insurance Premium $
DeCAP* $ * Dependent Care Assistance Program.
HCFSA* $ * Health Care Flexible Spending Account.

Total Post-Tax Deductions* $
*Includes MCU, Union Dues, Saving Bonds, LTC, Pension/DCP Loan, Child Support etc. Do not include Federal, Social Security, Medicare, State or City taxes.

Are you age 50 or older? No Yes

457 and 401(k) and 403(b) Plan*   Current   Desired  
Pretax 457   %   %
Pretax 401(k)   %   %
Roth 457   %   %
Roth 401(k)   %   %
403(b) $ $  
* If you contribute at least 7.5% of your annual salary to either the 401(k) or 457 Plan, and you are not a member of a Pension System, you will not have a deduction for Social Security (FICA) tax.  
Paycheck Comparison
Current Projected

Gross Income
Pension
Commuter Benefit      
Health Insurance Premium          
HCFSA          
DeCAP          
DCP Deferral Pretax 457        
  Pretax 401(k)        
  403(b)        

Adjust Gross Income        
Estimated Income Tax          
           
           
 
FICA and Medicare Deduction          
           
 
Other Deductions          
DCP Deferral: Roth 457        
  Roth 401(k)        

Net Pay        
 

Comparison Table Current Projected Difference

Pretax 457        
         

Pretax 401(k)        
         

Roth 457        
   

Roth 401(k)
 

Your Net Pay        

Please Note:
The information on this sheet assumes that your contributions and estimated rate of return remains constant. Also, this illustration does not include administrative fees.
Since this illustration is only an estimate of the future value of your account, you should contact your financial advisor before making any investment decision.
This worksheet is not intended nor shall it in any way be construed as a guarantee of a rate of return, account value or tax treatment.
Any changes made to your deferral percentage on this software program are for illustrative purposes only and will not affect your account.
 
Ready to change your contribution percentage? Sign in to your NYC DCP account
 


Learn more about how to Enroll in the Plan
NYC Deferred Compensation Plan videos
Sign in to your NYC DCP account

How Will My 457 and/or 401(k) Deferred Compensation Account Look in the Future?
Gross Salary $ Pay Frequency
Annually Per Pay Period Weekly Biweekly Semi-Monthly Annually

Pension Deduction* $   *414, 414STD etc...

Commuter Benefit* $   * Transit Spending Account. The monthly maximum amount is $

Your Current 457 and 401(k) Deferred Compensation Account Balance Date of Birth
Month Day Year (YYYY)
    $

Expected Retirement Age (from City service)  

457 and 401(k) and 403(b) Plan*   Current  
Pretax 457   %
Pretax 401(k)   %
Roth 457   %
Roth 401(k)   %
403(b) $  
* If you contribute at least 7.5% of your annual salary to either the 401(k) or 457 Plan, and you are not a member of a Pension System, you will not have a deduction for Social Security (FICA) tax.  
How Will My 457and/or 401(k) Deferred Compensation Account Look In the Future?
Deferral Amount for  
  457
  401(k)
  Roth 457
  Roth 401(k)
Retirement Age Current Age    

Year until Separation from City Service
Assumed Annual Rate of Return for the Future*
*The Assumed Rated of Returns for the Future are based on historical returns, volatility and correlations, but not exclusively. They are forward-looking, therefore, they will not match historrical returns.

Contribution over next year(s)
year(s) of growth at rate
Value of contribution after year(s)  

Existing savings
year(s) of growth at
Value of existing saving after 22 year(s)  

Summary Total Account Value
Please Note:
The information on this sheet assumes that your contributions and estimated rate of return remains constant. Also, this illustration does not include administrative fees.
Since this illustration is only an estimate of the future value of your account, you should contact your financial advisor before making any investment decision.
This worksheet is not intended nor shall it in any way be construed as a guarantee of a rate of return, account value or tax treatment.
Any changes made to your deferral percentage on this software program are for illustrative purposes only and will not affect your account.

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