Nationwide® has worked with public sector employees for more than 30 years, so we know the kinds of questions you may have about your employer-sponsored plan. We’ll give you the tools and information to help you feel confident about investing for retirement. Keep in mind that investing involves market risk, including possible loss of principal, and there’s no guarantee that investment objectives will be achieved.
Detailed plan information is available for employees
The 401(a) Supplemental Defined Contribution Plan for State of Arizona Employees offered through the Arizona State Deferred Compensation Program allows eligible employees to make a one-time irrevocable decision to contribute a specified (and unchanging) amount from their paycheck as part of their supplemental retirement planning efforts.
These contributions, which may be as much as $50,000 annually, are not includible in employees' gross income until distributions from the Plan begin.
To be eligible to participate, you must:
If you were already 40 years old and in a qualified ASRS plan or 30 years old and in the PSPRS at your date of hire or the inception date of this 401(a) plan, you have two years from the date of employment or date of inception, whichever is later, to elect to participate.
Investors should carefully consider information contained in the prospectus, including investment objectives, risks, charges and expenses. You can request a prospectus by calling Schwab’s dedicated PCRA Call Center at 1-888-393-PCRA (7272). Please read the prospectus carefully before investing.
You’ll have access to a wide range of investment options. Complete the Investor Profile in the SRSP Defined Contribution Enrollment Guide to determine your individual investment strategy.
There are different approaches to building your portfolio including:
Because the SRSP has eligibility restrictions, and contribution amount changes are not allowed, online enrollment is not available. To enroll, please talk with a Retirement Specialist.
The sooner you enroll, the more you can possibly save. Call one of our Retirement Specialists to enroll today.
Have questions? Give us a call.
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