For State Employees
Voluntary Retirement Savings Programs
Plan |
Description |
Eligibility |
Contribution Maximum |
Age 50 Catch-up Provision |
Vesting |
---|---|---|---|---|---|
Voluntary Savings (403b) | SUNY Voluntary Savings 403(b) Plan | All active employees of SUNY are eligible to participate. | $22,500 | Up to $7,500 additional annual deductions (for 2023) are permitted for those age 50 and over | Employee voluntary contributions are fully vested immediately. |
Deferred Compensation (457) | NYS Deferred Compensation Plan | All active employees of SUNY are eligible to participate. | $22,500 | Up to $7,500 additional annual deductions (for 2023) are permitted for those age 50 and over | Employee voluntary contributions are fully vested immediately. |
Investment Providers
Fidelity Investments [403(b)(7) Mutual Funds]
1-844-FOR-SUNY (844-367-7869)
www.netbenefits.com/SUNY
Teachers Insurance Annuity Associate (TIAA)
1-800-842-2252
www.tiaa.org/suny
VALIC Retirement
1-800-448-2542 or 1-888-569-7055
www.valic.com/suny
Voya Financial
1-800-584-6001
https://suny.beready2retire.com/
NYS Deferred Compensation Plan (457)
1-800-422-8463
www.nysdcp.com
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