The Daily Bulletin Archive

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 plan is a great way to build your retirement savings and reduce current taxes.   

The plan provides a way for you to contribute to a retirement savings account on a pretax basis through payroll deduction. All employees of SUNY who receive compensation reportable on an IRS Form W-2 are eligible to participate in this tax-deferred plan. There are several different plan options and investment providers to choose from.

Whether you want to enroll in the plan for the first time or you are already enrolled but wish to change the amount of your deferral for 2013, you can accomplish your goal by filling out a Salary Reduction Agreement (SRA) form.

In order for a deduction change to be effective in the first paycheck of 2013, your new SRA form must be submitted to the Payroll Office by Friday, December 14, 2012.

For complete details, including 2013 employee contribution limitations, please visit the Human Resource Management website.

If you have questions, please call Al Galone, assistant manager of payroll, at ext. 4124.