Defined Contribution Plans

Employees may participate in either (or both) a 403b or 457b plan to make supplemental tax-deferred retirement contributions. Participation is voluntary with pre-tax contributions made through payroll deduction that allow employees to defer taxes on the contributions until withdrawn for retirement.

Tax-Deferred Annuity Retirement (403b) Program
Employees may make voluntary contributions to tax-deferred annuities through the State 403(b) Program. Contributions are made by payroll deduction, and are pre-tax. Maximum contribution limits are set by the federal government and change annually. Enrollment and payroll deduction arrangements are made directly with the plan administrator, ING.

Deferred Compensation Retirement (457b) Program
Employees may make voluntary contributions to tax-deferred annuities through the State 457(b) Deferred Compensation Program in addition to the 403(b) plan. Contributions are also made by payroll deduction, and are pre-tax. Enrollment and payroll deduction arrangements are made directly with the plan administrator, ING. As with the 403(b) plan, maximum contribution limits are established annually by the Federal government.

Roth 403(b) and 457 Programs
Employees are offered the opportunity to save additional money for retirement using after-tax dollars by enrolling in the Roth 403(b) Plan and/or the Roth 457 Plan. ING is the Third Party Administrator for this plan, and can be contacted at 800-584-6001.

ING College Representative:
Marty Baron, CFP,CLU,ChFC
Investment Adviser Representative
One Orange Way A1N
Windsor, CT 06095
Phone: (860) 580-1606
Fax: (866)237-3143
Email: marty.baron@ingfp.com