New ASRS Supplemental Salary Deferral Plan (SSDP) Portal
Over the past few months, hundreds of ASRS member employers have attended
webinars and events to learn more about the new tax-deferred savings option,
the ASRS Supplemental Salary Deferral Plan (SSDP). Many local governments have
already begun the process of implementing the plan. If you haven't already learned
more about the SSDP, now's the time.
ASRS and TIAA-CREF, the leading provider of retirement plans for the academic,
medical, cultural, governmental and research fields, have introduced a new
tax-deferred savings plan option that gives your employees more choice, more
flexibility, and more potential to build the kind of retirement they want.
Available to local governments as a 457(b) plan, the SSDP allows eligible members
to contribute tax-deferred money into an account that can be drawn upon in
retirement. The SSDP is offered in addition to the ASRS Defined Benefit Plan, and
eligible ASRS members will be able to participate once their employer signs up for
the plan.
TIAA-CREF recently launched an online Program Information Portal where member
employers can view SSDP plan investments, pricing, and additional information.
The Portal also outlines the easy process for implementing the SSDP at your government.
To learn more about the SSDP, please visit the Portal at
www.tiaa-cref.org/arizona
or send an email to asrs@tiaa-cref.org. |
