For State Employees
Voluntary Retirement Savings Programs
|
Plan |
Description |
Eligibility |
2026 Contribution Maximum |
50 and Over Catch-up Provision |
60 to 63 Catch-up Provision |
Employees with a 2025 FICA earnings of $150,000 or more. See SECURE Act 2.0 for more details* |
Vesting |
|---|---|---|---|---|---|---|---|
| Voluntary Savings 403(b) | SUNY Voluntary Savings 403(b) Plan | All active employees of SUNY are eligible to participate. | $24,500 | Up to $8,000 additional annual deductions (for 2026) are permitted for those aged 50 and over (age as of 12/31/26) | Up to $11,250 additional annual deductions (for 2026) are permitted for those aged 60 to 63 (age as of 12/31/26) | Any amount above $24,500 will automatically be deducted on an after-tax basis, no action is required on your part. | Employee voluntary contributions are fully vested immediately. |
| Deferred Compensation 457(b) | NYS Deferred Compensation Plan | All active employees of SUNY are eligible to participate. | $24,500 | Up to $8,000 additional annual deductions (for 2026) are permitted for those age 50 and over | Up to $11,250 additional annual deductions (for 2026) are permitted for those aged 60 to 63 (age as of 12/31/26) | Once you reach the $24,500 pre-tax contribution limit, your deductions will stop unless you set up a Roth account to continue contributing on an after-tax basis. | Employee voluntary contributions are fully vested immediately. |
*As part of the SECURE Act 2.0, starting in 2026, employees with 2025 FICA earnings of $150,000 or more will be required to make all catch-up contributions on a Roth (after-tax) basis. This applies to any 403(b) or 457(b) contributions exceeding the standard pre-tax limit of $24,500. |
|||||||
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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