457 Forms and Information

Changes to your 457 plan have to be submitted to and received by the Business Office  prior to the first of the month in which you would like the change to take place.  Any changes received after the first of the month cannot take place until the  first payroll in the following month.  However, you may stop your contribution at any time during the month.

What is a 457 Plan?

A 457 plan is a tax deferred savings plan much like a 403B plan. Savings are pre-tax and earnings on investments are tax deferred.

Maximum Contribution: $17,500 in 2014. If you are over 50, you can defer an additional $5,500

There is a 3-year catch up rule that allows participants in one or more of the three years ending before the attainment of normal retirement age under the plan to make additional deferrals.

Service Providers participating in Meriden Public School's 457 plan:

Service Provider: AXA Equitable

Contact: Joseph Scappatura  (203) 937 - 2438

 

Service Provider:  ING
Contact:  Robert Klein (800) 784-6386 ext. 580-1636

 

Service Provider:  New England Capital
Contact:  Chris Beale

 

Service Provider: Security Benefits

Contact: Bill Mann  (203) 271-3192