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Peach State Reserves Toll Free  1-866-694-2777

  
 
 
Peach State Reserves 401(k) and 457 Plans
 
Peach State Reserves Information

Plan Information                          Account Access
FAQ (Frequently Asked Questions)
401(k)/457 Plan Comparison
Military Service Make-Up Contributions

Peach State Reserves News 

If you wish to make a change to the amount you are contributing to your Peach State Reserves (PSR) account, you must indicate the change in 1% increments, rather than in dollar amounts. If you are currently contributing the maximum to your account(s), please keep in mind the annual contribution limits when determining your new percentage contribution.

To learn more about Peach State Reserves, the investment options, or to enroll or change your contribution amount, visit the PSR website or call 1-866-694-2777.

Annual Leave Deductions Now Only to 457

Effective January 1, 2009, any deductions from Annual Leave payouts may only be directed to the 457 plan.  If you are not enrolled, completion of the Annual Leave Agreement will establish the 457 account in order to accept the annual leave deduction.  Keep in mind that contributions for the calendar year, including annual leave deductions may not exceed the applicable plan contribution limit.

Stable Value Fund Quarterly Range of Return

At the beginning of each quarter, the investment manager will project a range for the expected return of the Stable Value Fund, which is communicated as an annualized percentage. There is no guarantee that the fund will earn a yield within this range. The return may be higher or lower.  For the current quarter ending September 30, 2009, the projected range is expected to be between 1.5% and 2.25% annualized until the end of the quarter. The actual annualized rate of return for the previous quarter was 2.26%.

 
2009 Contribution Limits for 401(k) and 457

The contribution limits for 2009 increased to $16,500.  If you contribute to the 401(k) plan and a 403(b) plan in 2009, you must ensure that your contributions to both plans combined do not exceed $16,500 in 2009.

    
The plan contributions limits for 2009 are as follows:
    

$401(k) and 457 plan contribution maximums are $16,500 for each plan. Therefore, those participating in both plans can contribute a maximum of $33,000. For those who are also eligible for a 403(b) plan, please be aware that the combined maximum for contributions to a 403(b) plan and a 401(k) plan is $16,500, but the combined maximum for contributions to a 403(b) plan and a 457 plan is $33,000.


$For participants who will be age 50 or older anytime in 2009, the maximums for each plan (401(k) and 457) are $22,000.*


$For participants utilizing the Special 457 Catch-Up feature prior to retirement, the maximum contribution is $33,000 for the 457 plan (subject to the total dollars available from prior unutilized contributions).*
    
    * The Age 50 and Over additional Contribution of $5,500 to the 457 plan and the Special 457 Catch-Up contribution cannot be used at the same time.  The additional $5,500 to the 401(k) plan can be made even if utilizing the Special 457 Catch-Up contribution.


Access Your Account

Internet Access
Online for Plan information and account balance inquiry, and to make investment balance transfers or re-allocations of ongoing contribution investments.
Phone Access
A toll-free number (1-866-694-2777) available 24 hours a day, 6+ days per week to provide Account balances, automated publication requests, and daily investment transfer capabilities using a touchtone phone. Service representatives are available from 8:00 a.m. to 8:00 p.m. Monday through Friday for those questions that cannot be handled through the Interactive Voice Response menus.

Peach State Reserves FAQ

Here you will find the most frequently asked questions (and the answers) related to Peach State Reserves.

Questions & Answers
Peach State Reserves (PSR) - General
  
  

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