VOLUNTARY RETIREMENT SAVINGS PLANS

The University of Massachusetts offers two different voluntary retirement savings plans.

 403(b) Plans
You may also defer some of your own income to a 403(b) plan, up to IRS limit of $16,500 if you are under 50 years old or $22,000 if you are 50 years old or over for calendar year 2011. The 403(b) companies are Fidelity, TIAA-CREF and VALIC.

457(b) Plan
If you meet eligibility requirements, you may also defer some of your own income to a 457(b) up to the IRS limit of $16,500 if you are under 50 years old or $22,000 if you are 50 years old or over for calendar year 2011. The 457(b) provider is Great-West Retirement Services.

Voluntary retirement plan information and enrollment is available by going to www.massachusetts.edu/treasurer/403%28b%29enhancements.html