Employees need to contact Wayne County Retirement prior to last day of employment to complete the "WCERS Deferred Compensation Plan – Change Request Form". The plan must be limited to provide benefits for a select group of management or highly compensated employees.The New York State Deferred Compensation Plan is a State-sponsored employee benefit for State employees and employees of participating employers. Welcome to the award winning City of New York Deferred Compensation Plan! A Top Hat Plan (also called a Supplemental Executive Retirement Plan or SERP) is designed for top executives and highly compensated employees. You will need to contact either your service provider or the Pensions and Investments Division for the appropriate forms. These plans have been dubbed "golden handcuffs'' because they're often used as a retention tool for key talent or highly compensated employees. Find out what to expect when you arrive, how to conduct yourself, and what you need to do when you serve as a juror.