|Date: December 30, 2003||Bulletin No. 452|
|Subject||Changes to the Maximum Year-to-Date Deferred Compensation Deductions for the Calendar Year 2004 Pursuant to Current IRS Section 457 Regulations|
|Purpose||To notify agencies of increases in
the maximum contribution limits for employees enrolled in the Deferred
Compensation Plan for calendar year 2004.
|Affected Employees||Employees enrolled in the Deferred Compensation Plan.|
|Institution checks dated 01/08/2004.Administration checks dated 01/14/2004.|
|OSC Actions||OSC will update the Deferred Compensation Limit table.|
Questions regarding this bulletin may be directed to the Payroll Deductions mailbox.
Employees with questions on their Deferred Compensation percentages and deductions should telephone the New York State Deferred Compensation Plan's HELPLINE at (800) 422-8463.