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Updated 05/13/2013

Human Resources Office News



Deferred Compensation Plan

​ Deferred Compensation Plan

The State System participates in the Commonwealth of Pennsylvania's Deferred Compensation Plan currently administered through Great West. This program allows employees to contribute to a long-term savings plan on a pre-tax basis up to amounts allowed by the IRS.

Program Details

Program Forms

Please reference the following link for a list of regional representatives.

List of Great West Regional Representatives

 

 

 

 

 

TIAA-CREF One-on-One Sessions

Caz Seweryn from TIAA-CREF Financial Services will be on site June 5, 2013, from 9:00 a.m. - 4:00 p.m. at DUC.  A location for Vartan Way is to be determined.

Please contact the HR Office with questions or to register for a session.  If you are unable to meet with Caz at the scheduled date and time or have questions, he can be reached as follows:   

Casimir Seweryn, CFP
Individual Consultant/Individual Client Services
TIAA-CREF Financial Services
800-842-2010
email: cseweryn@tiaa-cref.org

 

 

ING One-on-One Sessions

Jamie Cash from ING will be available on the following days for one-on-one sessions from 9:00 a.m. - 12:00 p.m. at DUC and 1:00 p.m. - 4:00 p.m. at Vartan Way:
  • April 3, 2013
  • June 12, 2013
  • October 2, 2013

Please contact the HR Office with questions or  to register for a session. If you are unable to meet with Jamie at these scheduled times or have questions, she can be reached at:

Jamie Kohr Cash, CFP
Financial Advisor
ING Financial Partners
PO Box 64
Emigsville, PA 17318
Cell: 717-676-0328
Tel: 717-779-0614
Fax: 717-779-0174
Email: jamie.cash@ingfp.com

Voluntary Supplemental Retirement Plan - Deferred Compensation Plan Changes

New Features Available with Deferred Compensation Program

  • Great West, the third party administrator for the Deferred Compensation program is now able to offer employees a Roth 457 option.  Roth contributions are deducted from after-tax pay and investment earnings in the Roth account are tax-free.  Qualified withdrawals from the Roth account are not federally taxable.
  • Other administrative enhancements that are now in effect are the Deferred Compensation Service Center and Deferred Compensation website.  The Service Center can be contacted at 1-866-737-7457 and are able to answer any questions employees may have.  Once enrolled in the deferred compensation program, employees are also able to make any paycheck contribution elections and changes via the Deferred Compensation website www.sers457.com
  • Employees are still encouraged to meet with their Deferred Compensation representative when newly enrolling or if you have any questions on investment options, managed account services, and leave deferral payouts upon retirement.  The schedule for 2013 will be published at a later date.
  • New enrollment forms have been updated on the Deferred Compensation website which includes the Participant Enrollment, Paycheck Election, and Beneficiary Designation.  Please note all forms should now be sent to the Great West Service Center at the following address:  Great-West Retirement Services, PO Box 173764, Denver, CO  80217-3764, or given to your Deferred Compensation representative.  Forms may also be faxed to 1-866-745-5766.

 

PA_Roth457_EducationalOverview_2012_final_062012.pdfPA_Roth457_EducationalOverview_2012_final_062012.pdf

 

 

 

2013 Holiday Schedule

​Please click here to access the 2013 Holiday Schedule.  You may contact the HR Office with any questions.