The State University of New York provides employees with the opportunity to save for their retirement through the SUNY Voluntary Savings Plan. Participation in the SUNY Voluntary Savings Plan is a great way to build your retirement savings and reduce current taxes.

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SUNY Retirement @ Work

Individuals can contribute to a tax deferred annuity and the New York State Deferred Compensation Program without coordinating amounts. This means individuals who choose to do so, may contribute the maximum amounts allowed to each plan.

The normal contribution limit, which applies to both the tax-deferred annuity and deferred compensation program, is 100% of salary to a maximum of $20,500 for 2022.

Individuals are eligible to contribute an additional amount if they are age 50 or over during the 2021 calendar year. The additional amount for 2022 is $6,500.

The provider contact information is as follows:

  • Teachers Insurance Annuity Associate-(TIAA) – Michael Spogli - 585-246-4631
  • VOYA Financial – Gary Witten 716-626-3926
  • Corebridge Financial Retirement- Gene Boyer 716-220-4940
  • Fidelity Investments – William B. Stark III, CRPC 716-270-7732

Individuals in the NYS Deferred Compensation Program are eligible to contribute twice the normal amount ($39,000 for 2020) in each of the last years before their normal retirement date. Please contact the NYS Deferred Compensation program for further details and required forms at 1-800-422-8463.