Retirement

  • State-Boston Retirement System

    All employees are eligible to participate in the State-Boston Retirement System. For more information, visit the Retirement Board Website.

    Deferred Compensation

    Employees are eligible to participate in the Commonwealth’s Deferred Compensation Plan (also known as a Section 457 Plan). This allows an employee to shelter income from federal and state income tax through a payroll deduction. Additional information is available at the Massachusetts Deferred Compensation Smart Plan website.

    403b Plans
    Employees are eligible to participate, at no cost, in tax-sheltered annuities (also known as 403(b) plans). An annuity is a tax-saving, retirement planning device that allows an employee to shelter income from federal and state income tax through a payroll deduction. A representative at a participating company will provide a payroll deduction form, which you may also download and print out here. This form must be filled out and submitted according to BPS 403b Procedures.

    • AIG/VALIC (Variable Annuity Life Insurance Co.), Nashua, NH. (617)-512-3406

    • American United Life Insurance Company

    • Ameriprise Financial Services, Inc., Minneapolis, MN (800) 862-7919

    • Ameritas Life Insurance Corporation, Lincoln, NE (800) 745-1112

    • ASPire Financial Services, Tampa, FL (866) 634-5873

    • AXA Equitable Life Insurance Company, Wellesley, MA (781) 237-8264

    • Commonwealth Annuity and Life Ins. Co., Topeka, KS (800) 457-9047

    • Fidelity Investments Mutual Funds

    • Great American Advisors, Inc., Cincinnati, OH (800) 216-3354

    • Great American Financial Resources, Inc., Cincinnati, OH (888) 497-8556

    • Horace Mann, Springfield, IL (866) 999-1945

    • Kemper Annuity and Life Ins. Co., Topeka, KS (800) 457-9047

    • Lincoln Investment Planning Mutual Funds, Waltham, MA (781) 647-3050

    • Lincoln National Life Insurance Company, Fort Wayne, IN (800) 454-6265

    • MetLife, Bloomfield, CT (860) 768-0139

    • MetLife of CT, Bloomfield, CT (860) 768-0139

    • Midland National Life

    • North American Company for Life and Health

    • New York Life Insurance Company, Sleepy Hollow, NY (914) 846-5608

    • Protective Life, Topeka, KS (800) 457-9047

    • Security Benefits Corporation

    • The Union Central Life Ins. Co., Cincinnati, OH (800) 825-1551