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Supplemental Retirement Program

Summary

This is a voluntary program that allows you to set aside money for additional retirement income. You pay no income tax on these savings or on any of the investment income the savings earn until they are paid out.

Employees may shelter wages from federal and state taxes by electing to defer earnings to tax-deferred annuities offered at Rensselaer. You may choose from a wide variety of investment options offered by three investment service organizations - Fidelity Investments, Scudder Funds (closed to new participants), and TIAA-CREF. These options include growth funds, income funds, money market funds, and combinations thereof.

Retirement payroll deductions may commence the first of any month following the date of hire and receipt by Human Resources of completed Rensselaer and fund sponsor enrollment forms.

You may enroll or change your election the first of any month by completing a Salary Reduction Agreement (SRA) form.

 
Last modified: December 1, 2016
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