how do you save for retirement through payroll deduction?

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How do you save for retirement through payroll deduction?

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Page 1: How do you save for retirement through payroll deduction?

How do you save for retirement

through payroll deduction?

Page 2: How do you save for retirement through payroll deduction?

Valley View School District offers to all employees, three ways to save for retirement through payroll deduction:

403(b)-Tax Sheltered Retirement Plan

457(b)-Traditional Tax Deferred Compensation Plan

Roth 457- After Tax Compensation Plan

Employees can contribute to any combination of the above options to save for their retirement.

* Not intended as tax, financial or legal advise.

Page 3: How do you save for retirement through payroll deduction?

* Not intended as tax, financial or legal advise.

403(b) Tax Deferred Retirement Plan: Pre-tax deduction Calendar year contribution limit for 2014 is $17,500 Allows for additional catch up contributions for participants age 50+ of $5,500

457(b) Pre-tax deduction

Both 457(b) and 457 Roth Calendar year contribution limit for 2014 is $17,500Additional catch up contributions for participants age 50+ of $5,500 are permitted

For additional information about participation, investment options and more,Contact one of our approved plan providers.

457(b) and 457 Roth Deferred Compensation Plans:

457 RothAfter tax deduction therefore qualified distributions are not taxed

Page 4: How do you save for retirement through payroll deduction?

Plan Providers Representative Contacts: 403 (b) 457 (b) 457 Roth

AXA Equitable   X X X

Michael Malicay 1-630-575-5022 [email protected]

Warren Suess 1-630-954-6853 warren.suess@axa-advisors .com

Roger Nulton 1-630-990-3091 [email protected]

Kyle Zake 1-630-954-6896 [email protected]

CPI Qualified Plan Consultants, Inc.   X    

Michael R. Runge 1-630-677-6283 (cell) [email protected] 1-630-573-9739 (phone) 1-630-214-3881 (fax) First Investors Corporation/First Investors Funds X X X

Matt Rosner [email protected] 1-630-705-1800 ext 228 (phone)

ING-Reliastar Life X X X

Richard J. Schlesinger J. D. [email protected] 1-630-674-2358(phone) 1-630-499-1057 (fax) Kathy Cawley [email protected] 1-815-729-1166 1-800-803-7600

Lincoln Investment Planning Inc.   X X X Jennifer Prosise, MBA [email protected] 1-815-729-1166 1-800-803-7600

VALIC Financial Advisors, Inc.   X X X

Stephen Oostema 1-708-205-0766 (cell) Jacqueline Skryd 1-630-995-6641 (cell) Lisa McPherson 1-630-277-0063 (cell) Email ([email protected])

Waddell & Reed   X     Ann Elliott CFP, MBA [email protected] 1-630-728-5221 (cell) 1-630-245-1230 (fax) 1-630-245-1156 x122 (phone)

Page 5: How do you save for retirement through payroll deduction?

Visit our vvsd website, under the Payroll Department, for a link to Retirement Manager.

Page 6: How do you save for retirement through payroll deduction?

For access to financial tools and to manage your contributions, log in to Retirement Manager today!