You may enroll in the Retirement Savings Plan at any time if your employer offers the plan to you.
The Retirement Savings Plan enrollment guide includes information to help you decide how much to contribute and on choosing appropriate fund options. The guide includes the Retirement Savings Plan Salary Deferral Agreement, which is needed to enroll.
You can also request this form by calling the Board of Pensions at 800-PRESPLAN (800-773-7752) (TTY: 711).
Complete the form and return it to your employer to process. Do not send it to the Board. Your employer will retain the form for payroll records.In addition to completing the Salary Deferral Agreement, log on to Benefits Connect and indicate you want to participate in the Retirement Savings Plan. You will then receive an email from Fidelity Investments with instructions for setting up your Fidelity NetBenefits account and specifying your investment choices. (If you do not use Benefits Connect to elect benefits, your employer will tell you how to initiate this process.)
Your employer will deduct your contributions from your pay and send your contributions electronically to Fidelity.
When you enroll in the Retirement Savings Plan, you must designate one or more beneficiaries to receive your account in the event of your death. If you are married and designate a primary beneficiary other than your spouse, the plan requires your spouse’s written consent. At any time after enrolling in the RSP, you may designate or change beneficiaries through NetBenefits or by calling Fidelity at 800-343-0860.