Do these changes apply to the NYU Section 457(b) Deferred Compensation Plan?
No, the NYU Section 457(b) Deferred Compensation Plan is not a safe harbor plan. It is a separate plan which is available to certain highly compensated faculty, professional research staff and administrative and professional employees. NYU does not contribute to this plan. Only employee contributions are made into the Plan. Eligibility is determined each year by the NYU Benefits Office. If you are eligible, you will receive a notice from the NYU Benefits Office in February 2010. Contributions start April 2010.
