To change amount: contact payroll (or download from the website) a Salary Reduction Agreement. Fill out the new agreement to reflect the new amount. Please be sure that the new amount will, by year-end, be equal to or less than your Maximum Allowable Contribution (MAC) for the calendar year. The MAC limit is available to you by contacting CVSS toll free at (877-734-6653) or your payroll office. To change Service Providers: Select a new Service Provider from the Approved Vendors List and contact payroll for a new Salary Reduction Agreement. Be sure to also cancel your exiting Service Provider if that is your intention. Fill out the new agreement to reflect the new Service Provider and new amount if appropriate. Please be sure that the new amount is equal to or less than your MAC.

A participant in the Employer’s 403(b) Plan can have contributions directed to more than one Service Provider.

At the time a Participant fills out an application with a Service Provider, there is a requirement to name a Beneficiary to receive benefits should the Participant die.

Interview other Service Providers. Talk to fellow employees about possible recommendations they may have. Select a new Service Provider, fill out a new Salary Reduction Agreement (SRA) and turn it into payroll. Please be sure to always cancel the current Service Provider if that is your intention, on the new SRA.

Participants in the 403(b) Plan can invest utilizing three types of investment vehicles; Fixed Annuities, Variable Annuities and Mutual Fund Custodial Accounts. Please see the Glossary Section for a description of each.KD

The first step is to determine your Risk Tolerance or Comfort Zone. Any qualified 403(b) agent, National Association of Securities Dealers Registered Representative or financial planner should be able to provide a series of questions to determine your Risk Tolerance or Comfort Zone. Once your tolerance or risk has been determined, picking an appropriate investment is relatively straight forward. Be an informed consumer. Ask lots of questions. Please see the “Questions to Ask a Service Provider”.

The 403(b) Maximum Allowable Contribution (MAC) amount is calculated for you by the administrator of the 403(b) plan, Central Valley Support Services. There are many factors to calculating the MAC such as: age, years of service with current employer, total prior contributions, average amount per year of contributions and many others. CVSS is always available by toll free phone (877) 734-6653 to answer your MAC questions.

First contact your Service Provider and inquire about the missing contribution. If they cannot provide the assistance you require, please contact CVSS and they will resolve the problem with the Employer or Service Provider.

A participant can normally start receiving distributions upon attaining the age of 59 ½.

A participant must start receiving distributions by April 15 of the year following the year that the Participant attains the age of 70 ½.