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Peach State Reserves 401(k)
and 457 Plans |
  Plan
Information Account Access
FAQ
(Frequently Asked Questions)
401(k)/457
Plan Comparison
Military
Service Make-Up Contributions
Peach State Reserves News
To learn
more about Peach State Reserves, the investment options, or to enroll or
change your contribution amount, visit the PSR website at
http://myGApsr.csplans.com or call
1-866-694-2777.
ING Acquisition of
CitiStreet
Citigroup, Inc. and State
Street Corporation recently announced that they have entered into an agreement
to sell CitiStreet to ING Group. Click
here for more information.
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 will be communicated to
the participants 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 June 30, 2008, the projected range is expected to be
between 4.6% and 5.1% annualized until the end of the quarter. The actual
annualized rate of return for the previous quarter was 4.86%.
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2008 Contribution Limits for 401(k) and 457 |
| The IRS has announced
contribution limits for 2008. The limits did not increase from the
2007 limits. If you contribute to the 401(k) plan and a 403(b)
plan in 2008, you must
ensure that your contributions to both plans combined do not exceed $15,500 in
2008. | | |
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The plan contributions limits for 2008 are as follows: |
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$ | 401(k) and 457 plan contribution maximums
are $15,500 for each plan. Therefore, those participating in both plans can
contribute a maximum of $31,000. 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 $15,500, but the combined maximum for contributions
to a 403(b) plan and a 457 plan is $31,000. |
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$ | For participants who will be age 50 or
older anytime in 2008, the maximums for each plan (401(k) and 457) are
$20,500. |
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$ | For participants utilizing the Special
457 Catch-Up feature prior to retirement, the maximum contribution is
$31,000 for the 457 plan (subject to the total dollars available from prior
unutilized contributions). |
Access Your Account
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Internet Access |
 An
Internet
web site (click on it!) for Plan information and account balance
inquiry, and to make investment balance transfers or re-allocations of ongoing
deferral investments.
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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.
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