Retirement
 
State-Boston Retirement System
All employees are eligible to participate in the State-Boston Retirement System. For more information, visit the Retirement Board Website.

In September of 2010, there were slight changes to the methodology for teacher retirement deductions. The two documents below explain these changes:
Deferred Compensation
 
Employees are eligible to participate in the Commonwealth’s Deferred Compensation Plan (also known as a Section 457 Plan). This allows an employee to shelter income from federal and state income tax through a payroll deduction. Additional information is available at the Massachusetts Deferred Compensation Smart Plan website.

403b Plans
 
Employees are eligible to participate, at no cost, in tax-sheltered annuities (also known as 403(b) plans). An annuity is a tax-saving, retirement planning device that allows an employee to shelter income from federal and state income tax through a payroll deduction. A representative at a participating company will provide a payroll deduction form, which you may also download and print out here. This form must be filled out and submitted according to BPS 403b Procedures.
  • AIG/VALIC (Variable Annuity Life Insurance Co.), Nashua, NH. (603) 594-8340
  • American United Life Insurance Company
  • Ameriprise Financial Services, Inc., Minneapolis, MN (800) 862-7919
  • Ameritas Life Insurance Corporation, Lincoln, NE (800) 745-1112
  • ASPire Financial Services, Tampa, FL (866) 634-5873
  • AXA Equitable Life Insurance Company, Wellesley, MA (781) 237-8264
  • Commonwealth Annuity and Life Ins. Co., Topeka, KS (800) 457-9047
  • Fidelity Investments Mutual Funds
  • Great American Advisors, Inc., Cincinnati, OH (800) 216-3354
  • Great American Financial Resources, Inc., Cincinnati, OH (888) 497-8556
  • Horace Mann, Springfield, IL (866) 999-1945
  • Kemper Annuity and Life Ins. Co., Topeka, KS (800) 457-9047
  • Lincoln Investment Planning Mutual Funds, Waltham, MA (781) 647-3050
  • Lincoln National Life Insurance Company, Fort Wayne, IN (800) 454-6265
  • MetLife, Bloomfield, CT (860) 768-0139
  • MetLife of CT, Bloomfield, CT (860) 768-0139
  • Midland National Life
  • North American Company for Life and Health
  • New York Life Insurance Company, Sleepy Hollow, NY (914) 846-5608
  • Protective Life, Topeka, KS (800) 457-9047
  • The Union Central Life Ins. Co., Cincinnati, OH (800) 825-1551
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