A flexible alternative to defined benefit plans.

Introducing the New York State Voluntary Defined Contribution Program

NYS and NYC agencies are required to offer the Voluntary Defined Contribution (VDC) Program to eligible employees. Find out how to implement the VDC Program at your agency.

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Employee Eligibility

Full-time and part-time employees of the City of New York and certain Public Employers who have an annual salary rate of pay of at least $75,000 per year and hired on or after July 1, 2013 may be eligible for the VDC Program.

Employees are not eligible if a union represents them. You may not be eligible if you previously participated in a New York City public DB plan.

An employee has 30 days from the date of hire to elect the VDC Program.

Employee Eligibility

This is based on an employee’s full-year salary or part-time hourly rate. An employee who makes $37 per hour has an annual salary rate of pay of $76,960.