Optional Benefits
COLLEGE SAVINGS PROGRAM (529)
You are eligible to participate in New York's 529 College Savings Program. This program provides a convenient way to save for college expenses. You can save for a child, grandchild, friend, yourself or other relative through payroll deductions. Further information is available in office P203 or you may visit the website at www.ny529atwork.com
NYS DEFERRED COMPENSATION (NYSDCP) 457 PLAN
The NYSDCP is a State sponsored 457(b) voluntary deferred compensation program that
allows you to set aside pre-tax dollars subject to Internal Revenue Service (IRS)
limits. You may enroll at any time during the calendar year. Enrollment forms and
plan information is available in office P203 or you may visit the website at www.nysdcp.com
WAGE WORKS (COMMUTER BENEFITS PROGRAM)
Enroll in the Wage Works Commuter Benefit Program. No matter where you live and work you're covered. Use it for:
- MTA NYCT, LONG ISLAND RAILROAD, METRO-NORTH RAILROAD
- NJ TRANSIT, PATH AND NY WATERWAY
- PARATRANSIT AND THE MTA'S ACCESS A RIDE PROGRAM
- PARKING AT OR NEAR PUBLIC TRANSIT TO GET TO WORK
To learn more about Wage Works see Detrice McPhatter in office P203 for an enrollment form or visit the CUNY website www.cuny.edu/transitbenefit
Start saving on your commute!
FLEXIBLE SPENDING PLAN
The City of New York offers its employees a Flexible Spending Accounts (FSA) Program,
which is allowable under Internal Revenue Code (IRC) Section 125. The Program allows
City employees to deposit a portion of their pre-tax income into accounts maintained
for certain health and dependent care expenses. Employees covered by a non-City group
health plan can enroll in the MSC Program and waive City health benefits to receive
an incentive payment, up to $1,000 per year. You may visit the website at Flexible Spending Plan.
CUNY WORK LIFE PROGRAM
Juggling your personal & professional life? The CUNY Work/Life Program can help and it’s FREE to employees and their families. Use “CUNY” for the company code. Learn more about the range of support and convenient services provided by CCA in the EAP OverviewJuggling your personal & professional life? The CUNY Work/Life Program can help and it’s FREE to employees and their families. Use “CUNY” for the company code. Learn more about the range of support and convenient services provided by CCA in the EAP Overview.