Deferred Compensation Board
skip breadcrumbs| Category | Available 2008-09 |
Appropriations Recommended 2009-10 |
Change From 2008-09 |
Reappropriations Recommended 2009-10 |
|---|---|---|---|---|
| State Operations | 989,000 | 961,000 | -28,000 | 0 |
| Total | 989,000 | 961,000 | -28,000 | 0 |
| Program | 2008-09 Estimated FTEs 03/31/09 |
2009-10 Estimated FTEs 03/31/10 |
FTE Change |
|---|---|---|---|
| Operations | |||
| Special Revenue Funds - Other | 4 | 4 | 0 |
| Total | 4 | 4 | 0 |
Note: Most recent estimates as of 12/16/08.
Mission
The Deferred Compensation Board oversees public employer-sponsored deferred compensation plans, including the New York State Deferred Compensation State Plan and locally operated plans. The mission of the State Plan is to help employees achieve their retirement savings goals by providing quality investment options, investment educational programs and related services. Local government plans are overseen by local committees, but must operate in compliance with the Board's rules.
Budget Highlights
The Executive Budget recommends $1 million All Funds ($0.2 million General Fund; $0.8 million Other Funds) for the Deferred Compensation Board. This is a decrease of $28,000 General Fund from the 2008-09 budget, reflecting administrative savings initiatives.
The Executive Budget recommends a staffing level of 4 FTEs for the Board, which is unchanged from 2008-09.
2009-10 Executive Budget — Agency Presentation
Miscellaneous Agencies (PDF)