Contributions to Additional Annuity
Additional Annuity or Additional Contributions is a voluntary contribution to help you save additional funds for your retirement. You may contribute up to 10% of your base compensation to provide a monthly annuity at retirement separate from your regular retirement allowance.
- Your contributions are made post-tax from your paycheck, subject to IRS limits.
- Your account earns interest while on deposit at the rate specified in the Plan.
- There is no Department matching for the amount you contribute.
- There is no fee charged to maintain your account or even when you withdraw from it.
- You may start, stop, or change your contributions at any time while you are an active member of the Plan by completing this form.
- You cannot withdraw from your Additional Annuity account prior to retirement unless you terminate and withdraw all your contributions from the Plan.
- If you die before you retire, the balance in your Additional Annuity account, plus the interest that you have accumulated, will be refunded to your named beneficiaries.
For more information on Additional Annuity, please watch a short video.
If you are already contributing to the Additional Annuity account, you can use the Retirement Information System (RIS) to estimate your monthly allowance when you retire. If you have not started making contributions to the account, you can use this summary to estimate your monthly allowance if you were to start contributing.
To see your distribution options at retirement, please see the section on Additional Annuity Distribution.