1. College Savings Made Simple
HELP YOUR EMPLOYEES MAKE COLLEGE SAVINGS
A REALITY.

2. College Savings Made Simple
WHAT IS IT?
Connecticut Higher Education Trust (CHET)
Like a 401k or 403b, but for higher education
– Choose your investment option
– Contribute regularly with payroll direct deposit (or from a bank account)
Tax benefits for Connecticut residents
– Any earnings have potential to grow tax-free
– Account owners may be eligible for a state tax deduction (Limitations apply*)
Use for
– Tuition & fees, room & board, computers, books, & more!
CHET funds may be used nationwide at
– Universities, colleges, technical colleges, professional schools & graduate programs
VISIT aboutchet.com/benefit
to learn more and get started

3. VISIT aboutchet.com/benefit to learn more and get started
Open your account online at about chet.com/benefit
– Submit the payroll deposit form to CHET (download at aboutchet.com/benefit)
– Verify the form has been processed (may take up to 10 business days)
by contacting CHET at
Set up direct deposit (make sure you submit your MCSP Payroll Direct Deposit Form before initiating your first direct deposit)
– IDENTIFY THE PAYROLL DIRECT DEPOSIT METHOD OFFERED BY YOUR EMPLOYER:
– EMPLOYEE SELF-SERVICE
• Code the account as “checking”
• Routing number for State Street Bank:
• Account number: CHET ID number digit employee SSN or TIN
• Enter contribution amount per pay period (for each beneficiary and investment option)
– CENTRALIZED PAYROLL PROCESS
• Submit a copy of your CHET Payroll Direct Deposit Form to your employer’s payroll department.
VISIT aboutchet.com/benefit to learn more and get started
*To learn more about the Connecticut Higher Education Trust, its investment objectives, tax benefits, risks, and costs, please see the Disclosure Booklet at aboutchet.com. Read it carefully. Investments in the plan are neither insured nor guaranteed and there is the risk of investment loss. If the funds aren’t used for qualified higher education expenses, a 10% penalty tax on earnings (as well as federal and state income taxes) may apply. Check with your home state to learn if it offers tax or other benefits such as financial aid, scholarship funds or protection from creditors for investing in its own 529 plan. Consult your legal or tax professional for tax advice, including the impact of the new federal tax changes. TIAA-CREF, Individual & Institutional Services, LLC, Member FINRA and SIPC, distributor and underwriter for the Connecticut Higher Education Trust. XXXXXX