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The flexible retirement savings plan

Take charge of your retirement savings with the New York State Voluntary Defined Contribution Program.

The Benefits of the Voluntary Defined Contribution (VDC) Program

The New York State VDC Program is a flexible, rapid-vesting alternative to Defined Benefit (DB) pension plans.


The VDC Program allows you to customize your retirement plan. You pick investments and providers, you name beneficiaries, and you decide what to do with your retirement savings.


Once vested, your balances move with you if you separate from service with a public employer in New York City. You can also withdraw and rollover money when you leave New York City service.

Rapid vesting

Every year your employer will make a contribution equal to 8% of your qualified compensation to your VDC account. After just one year and one day, all contributions are fully vested. Compare that to five years for the DB plans.

Compare plans

Your retirement options are summarized in our brief, interactive video. We recommend that you view it prior to making a retirement plan election.
View the Comparison Video

Find out how a DB plan and the VDC Program differ.
View the Comparison Chart

Read the complete details

In-depth information about the Voluntary Defined Contribution Program.
Download the VDC Program Overview


Beginning October 1, 2020, the City of New York will be offering the VDC program to this newly eligible class of employees. The City of New York and certain Public Employers offer the VDC Program to eligible full-time/part-time employees who were hired on or after July 1, 2013. Employees of following Public Employers are eligible to join: NYCHA, SCA and NYC H+H. You may be eligible for the VDC Program if you have an estimated annualized full-time salary of $75,000 or more per year, or if your estimated annual salary rate of pay is $75,000 or greater.

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

Employees have 30 days from their date of hire to enroll in the VDC Program.

Please note: Those currently eligible employees will have a one-time Special Open Enrollment Period from August 31, 2020 to October 9, 2020 to enroll if the employee wishes to participate in the VDC Program.

Manage Your Money…Your Way!

Financial professionals are available to assist you in making informed investment decisions. The plan offers three tailored approaches to meet your financial goals:
  • Target Date Fund (TDF) — for a balanced allocation based on anticipated retirement date
    • Investors who prefer to leave investment decisions to professional fund managers. Or, for new investors who are still not sure which approach is best.
  • Do It Yourself (DIY) — manage your investment selection on your own
    • Investors willing to assume responsibility for selecting investments among a large range of choices, and have the time and discipline to closely monitor their portfolio.
  • Managed Accounts — assign your account to an advisor to execute investment choices on your behalf, for an additional fee (services differ slightly among providers)
    • o Investors who want to customize their portfolio by hiring a financial expert to do the work for them on their behalf.
For detailed information on each approach, please refer to Printable PDF version.
Professional financial representatives are available to assist participants with all three approaches
All investment providers offer professional financial guidance to assist participants
You can access a financial consultant virtually, by phone or in person (when available) for advice and education on your investment strategy.
Corebridge logo
(formerly AIG Retirement Services)
Fidelity Investments Website Link 1
TIAA-CREF Website Link

1 For Fidelity Investments only: If you invest in the SUNY Optional Retirement Program/New York State Voluntary Defined Contribution Program through Fidelity you will be investing in a variable group annuity contract issued by Massachusetts Mutual Life Insurance Company ("MassMutual"), 1295 State Street, Springfield, MA 01111-0001 and administered by Fidelity Investments. If benefit payments are annuitized under the group annuity contract issued by MassMutual, those benefit guarantees are subject to the claims paying ability of MassMutual.

How to Enroll in the New York State VDC Program
as a New York City Employee

To learn more about the enrollment process, download the VDC Program enrollment guide (PDF).

If you recently moved from one NYS or NYC agency to another, you must register your account(s) under your new NYS or NYC agency.
Follow these instructions.

Before enrolling, you must complete the Eligibility Verification & Acknowledgment Form for Employees of the City of New York & Public Employers and send it to your agency HR for certification. Your agency HR will forward your VDC Authorization and Verification form to OLR for processing. You will receive a notice from OLR to enroll in the VDC program on the TIAA website. Please contact your agency HR Personnel for the form or download the form here. Also, before enrolling, please have the following information available:

  • Your Social Security Number
  • The name of your previous retirement plan and registration/member number(s), if applicable
  • If you were enrolled in the VDC Program with a previous employer, please have your NYS VDC Program contract number(s) available, if applicable
  • The name, address, telephone number and e-mail address of your designated beneficiary

For detailed enrollment instructions, follow this link to the
Quick Reference Enrollment Guide.

Need help enrolling? Pick up the phone

Speak with an experienced consultant who can guide you through the enrollment process. Call 1-866-271-0960.

"I want peace of mind for my future."

Contact Information

Questions about online enrollment

Phone: 1-866-271-0960
Hours: Monday through Friday, 8 a.m. to 10 p.m.

You will be connected to an experienced consultant from Retirement@Work who can answer your online enrollment questions.

Questions about investing?

You can speak with a financial consultant by calling any of the authorized investment providers:

  • Corebridge Financial (formerly AIG Retirement Services): Richard Grofsick, Advisor 1-518-783-6464
  • Fidelity: 1-800-343-0860
  • TIAA: 1-866-662-7945
  • Voya: 1-800-438-1272 Opt. 3