Supplemental Retirement Programs. A. An employee of the Retirement System (DB Plan) may elect to participate in the "Savings Plan for Employees of the Town of Greenwich" (401-k and 457) via payroll deduction as long as such plan is approved pursuant to applicable Federal or State law, rules and/or regulations pertaining thereto. Effective July 1, 2005, no new 403(b) accounts will be opened for employees. An employee with an existing 403(b) account as of July 1, 2005 may continue to defer compensation to such account. In January of each year the Town shall match a permanent full-time employee’s contribution to his or hers 401-k, 457 or 403(b) deferred compensation account for prior calendar year contributions to a maximum of two thousand twothree hundred dollars ($2,2300). The maximum Town match shall increase to two thousand three four hundred fifty dollars ($2,34500) in January 20186 for 20175 employee contributions and to two thousand five hundred seventy-five dollars ($2,575) in January 2019 for 2018 employee contributions. There is no vesting requirement for this Town match. An employee who terminates from active Town service may be eligible for a match the following January provide that the employee maintains an active account with the Savings Plan for Employees of the Town of Greenwich.
(i) An employee enrolled in the DC Plan may elect to participate in the "Savings Plan for Employees of the Town of Greenwich" (457 only) via payroll deduction as long as such plan is approved pursuant to applicable Federal or State law, rules and/or regulations pertaining thereto.
(ii) An employee enrolled in the DC Plan may elect to make additional pre tax contributions to the DC Plan above the mandatory 5 % contribution as a supplemental retirement savings plan.
(iii) In January of each year the Town shall match a permanent full-time employee’s contribution to wages deferred pursuant to B (i) or B (ii) above for prior calendar year contributions to a maximum of two thousand twothree hundred dollars ($2,2300). The maximum Town match shall increase to two thousand three four hundred fifty dollars ($2,34500) in January 20186 for 20175 employee contributions and two thousand five hundred seventy-five dollars ($2,575) in January 2019 for 2018 employee contributions. There is no vesting requirement for this Town match. An employee who terminates from active Town service may be eligible for a match the following January provide that the employee maintains an active account with the Savings Plan for Employe...
Supplemental Retirement Programs. SUNY’s 403b plan is voluntary and available to all full time employees. Participants may direct their tax deferred contributions to any of the five SUNY-approved investment companies. NOTE: Arrangements will be made to provide details of this plan so that employees who are interested may be informed of this benefit prior to enrollment, if they choose.
Supplemental Retirement Programs. The 457(b)
Supplemental Retirement Programs. The 403b plan is volunta ry and available to all full time employees. Participants may select from nearly 20 SUNY approved companies to contribute part of their pretax salary to an SRA.
Supplemental Retirement Programs. Adjunct faculty shall have the right to participate in the approved tax deferred savings programs maintained by the College. The adjunct faculty member may request the payroll deduction of any voluntary employee contribution.
Supplemental Retirement Programs. Faculty members may elect to participate in SUNY’s Tax Deferred Plan and/or the New York State Deferred Compensation Plan. Under the Tax Deferred Plan, participants may choose from a variety of SUNY-approved investment management companies to which their pre-tax contributions may be made. A variety of investment options is also available under the New York State Deferred Compensation Plan.
