State Employees – Changes to Enrollment and Management of 403b Voluntary Retirement Savings Accounts

Recently all NYS employees were sent a letter from SUNY University-Wide Benefits Administration regarding the implementation of a new on-line retirement management system, Retirement@Work, that is schedule to be implemented effective November 3, 2017. To enroll, choose investment providers, and designate amount of payroll deductions, all employees will be required to access Retirement@Work online. No paper forms will be accepted.

To transition from paper-based system to online system, a “black out” period has been scheduled from October 25, 2017 to November 03, 2017. As a result, October 20, 2017 is the last day Human Resources can accept a paper Salary Reduction Agreement to enter/change an employee’s 403b payroll deduction.

This new SUNY on-line process will NOT impact an employee’s ability to enroll or make changes to their NYS Deferred Compensation Plan (457b).

After November 3, 2017, employees will be able to register and access Retirement@Work by going to retirementatwork.org/suny.

If you have questions about this on-line process, please call 1-866-271-0960 to speak with a TIAA consultant