1. RBG-23496 (rev. 4/04) RGB-23493 MEETING THE CHALLENGES AHEAD Getting the Most Value from Your Retirement Plans

2. RBG-23496 (rev. 4/04) RGB-23493 Key Benefit Plans State Retirement System = defined benefit plan for income Qualified Plan Opportunities (403(b), 457, Roth, etc…) Social Security

3. RBG-23496 (rev. 4/04) RGB-23493 1.Review your state pension plan - Enroll in MBOS - Understand the Financial Value of TPAF 2.Know Qualified Plan opportunities 3.Review asset allocation - Fixed Assets vs. Variable Assets 4.Health check-up 5. Understanding Social Security Keys for Retirement

4. RBG-23496 (rev. 4/04) RGB-23493 1. Understand value 2. Retirement- How? When? 3. Options 4. Life insurance 5. Health Pension Review

5. RBG-23496 (rev. 4/04) RGB-23493 The Economic Growth and Tax Reconciliation Act of 2001 enhanced retirement savings options Increased plan limits 403(b), 457(b), + 401(a) Pay accumulated sick and vacation time as post- retirement plan contributions Employer contributions Roth 403(b) – January 2006 New Tax Legislation Provides You Greater Options

6. RBG-23496 (rev. 4/04) RGB-23493 2013 Limits 403(b)/ 457(b) limits 403(b) - 17,500/ 23,000/ 26,000 457(b) - 17,500/ 23,000/ 3 year catch-up Employee vs. Employer contributions Overall 403(b) / (415(c)) contribution limit up to 51,000/year (plus age 50+/$5,500) - This includes employer and employee limits 401(a) Similar Limits Qualified Plan Options

7. RBG-23496 (rev. 4/04) RGB-23493 Employer Contributions Employer Match – attracts + retain key administrators Sick and vacation 403(b) Post Retirement contributions - Contributions can be made for 5 years after retirement - No payroll taxes - No income taxes until money is withdrawn from the 403(b) plan* Qualified Plan Options * Withdrawals prior to age 59½ may be subject to an additional 10% income tax penalty.

8. RBG-23496 (rev. 4/04) RGB-23493 You Choose Qualified Plan Designs Design Plan(s) for district and personal needs- 401(a) for benefits package 403(b) for employee benefits and post-employment contributions Pair with 457(b) for double deferral or potential for pre- 591/2 access Note: Total possible 2013 limits with all three $ 100,000+

9. RBG-23496 (rev. 4/04) RGB-23493 So Many New Opportunities for You and Your Employees! Avoid “problematic” severance pay “plans” (new guidance) Maximize savings with multiple plans and multiple catch up options Convert unused leave pay to retirement benefits Make employer contributions for up to 5 years after employees leave

10. RBG-23496 (rev. 4/04) RGB-23493 Our Company Facts about AXA Financial Over $489.3 billion in assets under management, as of 12/31/2011 15,000 public schools nationally 592 New Jersey Schools NJ Higher education

11. RBG-23496 (rev. 4/04) RGB-23493 Thank You!