Supplemental Retirement Program

  • Ready. Set. Save.

    Advantages of Participating in the Supplemental Retirement Program

    In addition to your health and wellness benefits, AACPS offers employees the opportunity to participate in a Supplemental Retirement Program to save for retirement on a tax-favored basis.

     
    AACPS offers you access to two types of plans: a 403(b) and a 457(b) tax-deferred compensation plan. You may contribute to both plans up to IRS annual limits.

    How to decide: Deciding which plan to choose depends on several factors. Comparing each of the plans against your personal retirement goals will help you decide which plan to choose, and how much to contribute. An investment provider representative can assist you with this. Because each individual’s circumstance is unique, we urge you to consult with an investment provider representative to evaluate your investment contributions and choices to ensure they are in line with your personal retirement goals.

    Online Enrollment/Changes

    You must enroll for the Supplement Retirement Plan, 403(b) and/or 457(b), by using Retirement Manager, the on-line enrollment tool. You will also make any contribution changes through Retirement Manager. We encourage you to reach out to your provider representative(s) to discuss your enrollment and investment options. Retirement Manager is also used for in-service exchange/transfer certificates, hardship distribution or loan certificates.

    Here are two important resources to help with enrolling or changing your contributions:

    Supplemental Retirement Plan Online Enrollment Instructions
    Retirement Manager Quick Reference Guide

    Accessing your Supplemental Retirement Plans (403b/457b) After Your Resign/Retire

    Consult with your personal plan representatives about options available to you concerning your Supplemental Retirement Program funds.

    Be advised, if you wish to initiate a withdrawal, rollover, or take a distribution from your plan, you are required to create a “Severance of Employment Certificate” through Retirement Manager.

    You will need to provide this Certificate along with the required vendor plan forms and submit these directly to your Supplemental Retirement Plan vendor for processing. No AACPS signature is required when a Cerificate is provided.  Access this Certificate from Retirement Manager below:

    Retirement Manager

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Contacts

  • CONTACT SUPPLEMENTAL RETIREMENT PROVIDERS (to establish an investment account before you enroll for the first time):

    Lincoln Financial 410-987-3590

    VALIC 410-859-2480

    Voya 800-454-1099

    For additional information,  seek assistance from your plan representatives, contact Retirement Manager Customer Service (at VALIC) at 1-866-294-7950, or contact HR/Benefits at 410-222-5206/5221.

    Lorraine Faris
    Sr. Manager, HR Operations
    lfaris@aacps.org

    Theresa Dunn
    Benefits Manager
    tmdunn@aacps.org