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Supplemental Retirement Annuities

Employees may elect to take out a Supplemental Retirement Annuity (SRA) or Group Supplemental Retirement Annuity (GSRA) in addition to his/her regular retirement deduction. Contributions taken directly from your salary for SRAs and GSRAs reduce your taxable income. Taxes on potential earnings in your supplemental plan are deferred until you withdraw them as income in retirement.

SRAs or GSRAs are available through the following vendors:

The percentage of salary that may be deducted annually is subject to the IRS guidelines. Please contact the Human Resources Department for the current guidelines.