Voluntary retirement savings plans are for additional employee contributions only. Will the University Match my Voluntary Retirement Contributions? Please visit the Payroll, Benefits, & Tax website for the most up to date news and annual IRS contribution limits. How Much Can I Contribute to a Voluntary Retirement Savings Account? What Options are Available for the Voluntary Retirement Savings Plan?Ĥ03(b) and 457(b) - The following documents can help you choose which plan is best for your retirement goals: A voluntary savings account can be a useful asset in helping you prepare for retirement. Even with Social Security, pension plans, and savings accounts it can be difficult to save enough for retirement. What is the Voluntary Retirement Savings Plan?Ī Voluntary Retirement Savings Plan allows you to contribute additional funds to your retirement on a tax-deferred, or after-tax (Roth) basis.
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