Investment Companies |
Chris Joy, a VC graduate and VC community member speaks to members at the opening day Member Benefits Display. Chris, the owner of Joy Insurance Agency, has built a solid reputation and business on hard work and integrity. He can be reached at 639 East main Street, Middletown, NY 10940; Phone (845) 342-4888; Fax (845) 342-9117. Select Member Discounts & Savings for more information.
Financial Counseling Program
NYSUT Member Benefits
If you have
found yourself wondering whether you are properly invested for your
retirement years…or whether it is time to refinance your mortgage…or
if you are saving enough for your children’s educations…or what the
best ways are to reduce your debts…then perhaps you could benefit by
enrolling in the Financial Counseling Program recently endorsed by
NYSUT Member Benefits Corporation. For an annual fee, you’ll get
unbiased, objective advice from financial professionals who do not
sell any financial products. The Financial Counseling Program is
provided by Stacey Braun Associates, Inc., an investment advisory
company. Its team of certified financial planners and registered
investment advisors provide fee-based professional financial
counseling. This means that Stacey Braun Associates receive no
commissions from mutual funds, brokerage firms, insurance companies
or any other third party.
The
full-service Financial Counseling Program includes several features.
You can consult with a planner or advisor toll-free for up to six
hours per year. Calls can be made weekdays, and appointments can be
made before or after normal business hours. You can request no-cost
written summaries and reports on a variety of financial issues. You
can receive assistance in choosing a 403(b) retirement savings
program provider available
through your employer, as well as assistance on reviewing your
403(b) investment selections. When Stacey Braun holds an educational
workshop in your area, the $40 admission fee will be waived for you
(and your spouse) if you wish to attend. You can also request an
in-person consultation with a Stacey Braun planner at a mutually
agreed-upon location. This service is limited to 90 minutes and
carries an additional fee.
For more
information, visit NYSUT Member Benefits or call Member Benefits at 800-626-8101
weekdays from 9 a.m. to 5 p.m., or use the Contact feature on the
NYSUT website.
The Stacey
Braun Associates, Inc. Financial Counseling Program is a NYSUT
Member Benefits Corporation (Member Benefits)―endorsed
program. Under an agreement with Stacey Braun, Member Benefits has
an expense reimbursement/endorsement arrangement of 10% of annual
participation fees received plus $9 per direct bill participant. All
such payments to Member Benefits are used solely to defray the costs
of administering its various programs and, where appropriate, to
enhance them. Member Benefits acts as your advocate; please contact
Member Benefits at 800-626-8101 if you experience a problem with any
endorsed program. |
Important
Notice: Teachers may participate in one
tax-sheltered annuity and the Deferred Compensation Plan. 403b investment companies must comply with IRS regulations to be eligible for
payroll deduction.
Please visit the OMNI (403b
Common Remitter) website for an updated list of those companies that
have complied with these regulations.
OMNI: 403b Common
Remitter
-
With regard to 403(b) accounts, a
maximum of 40 tax-sheltered annuity companies will be selected by
the Association for use by members. These vendors may be changed at
the sole discretion of the Association and will be selected for the
sole purpose of providing investment options for members. No
selection is to be considered an endorsement on the part of the
Association or the District, regardless of any outside endorsements,
including those of NYSUT's Member Benefits.
-
Members must complete the OMNI 403b Flex Form to
utilize payroll deduction for 403b investments options. OMNI, the
District's Common Remitter, requires this form to ensure IRS
compliance with this benefit
NYS Deferred Compensation Plan (457-b Plan)
-
With regard to Section 457(b) of the
United States Internal Revenue Code, the default vendor to be
utilized for the Deferred Compensation Plan will be the New York
State Deferred Compensation Plan. The employee/participant is
responsible for payment of the annual account fee associated with
the Deferred Compensation Plan. It is the employee's responsibility
to adhere to IRS limits as prescribed by law when utilizing 403(b)
and 457(b) investment options.
Check Stub Codes
- Select this link to view an
itemized list of Investment as well as other payroll
deduction codes that appear on your check stub along
with a description of what each code means.
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