2022 SUNY Voluntary Savings Plan
The State University of New York provides employees with the opportunity to save for
their retirement through the
SUNY Voluntary 403(b) Plan
NYS Deferred Compensation Plan
Participating in a voluntary savings plan is a great way to build your retirement
savings and allows for retirement savings on a pre- and post-tax basis.
For 2022, you may contribute up to
per year to either a 403(b) or a 457(b) account, or to each. If you are age 50 or
older any time during 2022, you can contribute an additional $6,500 to either type
of plan, for a maximum of $27,000 per year. Because 403(b) and 457(b) plans are governed
by different sections of IRS Code, employees may contribute to
2022 SUNY Voluntary Savings Programs 403(b) vs. 457
- This chart provides a summary containing further details about some of the key
features and differences between 403(b) and 457(b) plans to help you better decide
which one is right for you, if not both.
For more information about these programs or to view the 2022 Universal Availability
Notice please visit
If you have any questions regarding either of these plans you can call the Benefits
Unit at 631-632-6180.