4 Summer St., Rm 104, Haverhill, MA 01830 | Office Hours 8:00-4:00 | Phone (978) 374-3411 | Fax (978) 374-3422
Retirement Savings Plans
Two optional retirement savings plans are available. You can choose to enroll in one or both of the plans. You may enroll in the plan(s) and/or change your deferral amount or investment options at any time.
403 (b) Plan – Offers employees an opportunity to supplement their retirement program with salary deferrals contributed to a choice of annuity contracts or mutual fund products. You have access to 14 investment providers. The 2018 maximum contribution is $18,500 or $24,500 if you are over 50. The plan is administered by PenServ and enrollment is a two-step process. First you will establish an investment account with one of the 14 approved investment providers and then you will contact PenServ to elect a deferral amount. Enrollment and all changes are done directly with PenServ and your chosen investment provider. You may contact PenServ for assistance or questions at 800-849-4001 or email@example.com.
Below please find additional information for the 403(b) plan:
457(b) Deferred Compensation Plan – A retirement savings plan that allows you to defer a portion of your current income and have it invested on a tax-deferred basis. The 2018 maximum contribution is $18,500 or $24,500 if you are over 50. The plan is administered by VOYA. Enrollment and all changes are done directly with our VOYA Representative Teri Finigan. You may contact Teri for assistance or questions at 800-238-8458 ext:7969869 or firstname.lastname@example.org.
Below please find additional information for the 457(b) plan:
Links to the Retirement Systems for the City of Haverhill and MA Teachers: