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.
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 the required payroll deduction form, which must be filled out and submitted according to BPS 403b Procedures.
* AIG/VALIC (Variable Annuity Life Insurance Company), Nashua, NH. (603) 594-8340
* Ameriprise Financial Services, Inc., Minneapolis, MN (800) 862-7919
* Ameritas Life Insurance Corp., Lincoln, NE (800) 745-1112
* AXA/Equitable Life Insurance, Wellesley, MA (781) 237-8264
* Commonwealth Annuity and Life Insurance Co., Topeka, KS (800) 457-9047
* Great American Financial Resources, Inc., Cincinnati, OH (888) 497-8556
* Great American Advisors, Inc., Cincinnati, OH (800) 216-3354
* Horace Mann, Springfield, IL (866) 999-1945
* Kemper Annuity and Life Insurance Company, Topeka, KS (800) 457-9047
* 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
* New York Life Insurance Company, Sleepy Hollow, NY (914) 846-5608
* Protective Life, Topeka, KS (800) 457-9047
* Union Central Life Insurance Company, Cincinnati, OH (800) 825-1551
