Corebridge Financial Retirement Services (AIG/VALIC)
ECMC offers employees the opportunity to participate in a 457(B) plan administered by Corebridge Financial Retirement Services (AIG/VALIC). The deferred compensation plan offers a variety of pre-tax investment options for the employees.
You decide how to invest all contributions among the mutual funds and Fixed-Interest options offered under the 457(b) Deferred Compensation Plan.
- Employees may enroll in the 457(b) plan at any time during employment with ECMC
- ECMC does not make matching contributions toward the 457(b) plan
- Remember, the plan represents a long-term investment
Website: https://www.corebridgefinancial.com/rs/eriecounty
Contact an Advisor:
Michael Williams
Financial Advisor
Cell: 716-388-8932
Email: Michael.Williams2@aig.com
Elizabeth House
Financial Advisor
Cell: 716-255-6783
Elizabeth.House@corebridgefinancial.com
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New York State Retirement System (NYSLRS)
The NYSLRS is a defined benefit plan. Your retirement benefit will be based on factors such as your tier, service credit, final average salary, and age at retirement.
All employees of Erie County Medical Center may join the New York State Retirement System.
Overview:
- Full Time Permanent employees are required to join on the first day of employment or status change
- All ECMC employees, other than Full Time Permanent, are eligible to join at any time while employed with ECMC
- Once you have joined the NYSLRS you must stay a member for the entirety of your time with ECMC
Create a NYSLRS Online Account
Online Member Account Capabilities
- Profile Information: Change Mailing Address, Telephone Number, Email Address
- Account Information: Date of Membership, Tier Level, Estimated Service Credit
- Estimate Pension Benefits
- Apply for a Loan
- Apply for Retirement
- View and Update Beneficiaries
- Manage Buyback Service Credit
- Withdraw a Membership
- View Member Annual Statement
Contact Information:
Call Center: 1-866-805-0990
Mail: New York State and Local Retirement System
110 State Street
Albany, New York 12244-0001
Contact NYSLRS: https://www.osc.state.ny.us/retirement/contact-us
New York State Voluntary Defined Contribution (VDC) Plan
The New York State VDC program is a flexible, rapid-vesting alternative to defined benefit (DB) pension plans. Every year, your employer will contribute an amount equal to 8% of your compensation toward your VDC program. After just one year, all contributions are fully vested. Unlike defined benefit plans, the VDC program lets you control your balance and your investments. You can direct your contributions to authorized investment providers and take cash withdrawals at certain times.
You may be eligible for the VDC program if you are Management Confidential and have an estimated annual salary rate of pay of $75,000 or greater. Employees have 30 days from their date of hire to enroll in the program or with a qualifying event. Contact the ECMC Benefits to confirm eligibility prior to enrolling online.
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