` SUNY RF - Benefits

Optional Retirement

The Optional Retirement plan allows you to supplement your retirement savings with pretax, biweekly contributions to a retirement annuity account or mutual fund accounts. All contributions to the plan are immediately vested. The Optional Retirement Plan is a defined contribution plan under section 403(b) of the Internal Revenue Code (IRC). The benefit is fully funded by your contributions when you are paid. 


If you are an active non-student employee of the RF (including employees who are paid on an hourly basis), you are eligible to participate in the Optional Retirement Plan regardless of hours worked. There is no waiting period, and you do not have to be a vested participant in the Basic Retirement Plan. Deductions begin on the payroll in which you elect to participate through Employee Self Service or when the Salary Reduction Form is processed by your campus Benefits Office.

All contributions to the Optional Retirement Plan are immediately vested.

Refer to the Benefits Handbook or Postdoctoral Employee Benefits Handbook for additional information.