PENSION PLANS

New York State Teachers' Retirement System  (800-348-7298)

Established in 1921 by the New York State Legislature, New York State Teachers' Retirement System (NYSTRS) provides retirement, disability and death benefits to eligible New York State public school teachers and administrators.

New York State Teachers' Retirement System

 

New York State Local Employees' Retirement System  (866-805-0990)

New York State Local Employees' Retirement System (ERS) provides service and disability retirement benefits, as well as death benefits to employees of participating public employers in non-teaching positions, exclusive of New York City.  This includes uniformed services personnel, such as correction officers and sheriffs.

New York State Employees' Retirement System

New York State Deferred Compensation Plan

The New York State Deferred Compensation Plan is a 457(b) retirement plan created for New York State employees, and employees of participating agencies.  The Plan is a voluntary retirement savings plan offered by New York State and your employer, to allow public employees like you to put aside money from each paycheck toward retirement.  The Plan can bridge the gap between what you have in your pension and Social Security, and how much you'll need in retirement.  The Plan offers both traditional pre-tax and Roth 457(b) accounts to provide you with retirement savings choice.

NY State Deferred Compensation Enrollment Application

New York State Deferred Compensation Plan_

 

TAX-SHELTER ANNUITIES

As an employee of Southern Westchester BOCES you have opportunity to contribute part of your pay to a Tax-Shelter Annuity (TSA) under the terms of Section 403(b) of the Internal Revenue Code.  Tax-Shelter Annuities for employees are administered through the OMNI Financial Group.

OMNI 403 b Salary Reduction Agreement Form