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Today's Message

Posted: Wednesday, September 5, 2018

Changes to the 403(b) Voluntary Savings Plan

Effective September 4, 2018, a Roth option (after-tax) will be added to the 403(b) Voluntary Savings Plan.

The new Roth option will give you the opportunity for a payroll deduction on an after-tax basis with the potential to withdraw earnings on a tax-free basis in retirement. More information is available on the SUNY Benefits website at or you can pick up an informational flyer in the Benefits Office (Cleveland Hall 410).

Highlights of the Roth 403(b):

  • Money invested in the Roth option is taxed when it is deducted from your paycheck.
  • You will be allowed to split your 403(b) contributions between the after-tax (Roth) and pretax (traditional) options.
  • Earnings are income tax free upon qualified distribution, which you can receive once you are separated from service, are at least age 59˝, and it has been at least five taxable years since the initial Roth deposit.
  • Roth investments can also be made by transferring all or a portion of your traditional pretax voluntary 403(b) contributions, as an “in-plan conversion.” 
  • The same investment options are available for both the traditional (pretax) and the Roth (after-tax) account balances under the 403(b) Voluntary Savings Plan.
  • Please note: Loans are not permitted from the Roth 403(b).

To enroll or make changes to your current account go to If you would like to meet with a financial adviser, you can find our campus representatives at


Submitted by: Linda L Kravitz
Also appeared:
Tuesday, September 11, 2018
Thursday, September 20, 2018