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Supplemental Retirement Program (SRA)
Summary:
This is a voluntary program that allows you to set aside money for additional retirement income. You pay no income tax on these savings or on any of the investment income the savings earn until they are paid out.
Employees may shelter wages from federal and state taxes by electing to defer earnings to tax-sheltered annuities offered at Rensselaer. You may choose from a wide variety of investment options offered by three investment service organizations - Fidelity Investments, Scudder Funds, and TIAA-CREF. These options include growth funds, income funds, money market funds, and combinations thereof.
Retirement payroll deductions may commence the first of any month following the date of hire and receipt by Human Resources of completed Rensselaer and fund sponsor enrollment forms.
You may change your election the first of any month by completing a new Salary Reduction Agreement.
 More detailed information is available at the Human Resources office.
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Who is eligible?
Any Rensselaer employee whose annual contribution limit to the tax sheltered retirement program is at least $200 is eligible to participate in the Supplemental Retirement Program.
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