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Winter has arrived. It’s a season to celebrate with friends and family. Why not make 2022 the year you take the steps needed to secure your financial future by increasing your contribution level?

For 2022, participants under age 50 may contribute up to $20,500.* Participants age 50 or older by 12/31/22 can contribute up to $27,000 ($20,500 + $6,500 Age 50+ Catch-up Contribution*). And for those 457 Plan participants within 3 years of normal retirement age, a Special Catch-up Contribution** may be available.

Want to save more in the 457 or 403(b)? Access your account External Site. Opens in a new window., fill in the new contribution amount, click “OK”, and you’re done!

Is your beneficiary designation keeping up with your life?
Life changes. And when that happens your beneficiary designation may need to change, too. Be sure to check your beneficiary designation at least once a year. That’s the only way you can ensure that the person you want to have the money in your State of Connecticut Defined Contribution Plan account will actually receive it in the event of your death.

To update your beneficiary online: log-in External Site. Opens in a new window. to your account and click the plan name. Click “Personal Information” under “View Details” on the left. Click “Change or Add” under “Beneficiary Information” on the right.

To update your beneficiary using a form, simply access the Forms tab, select the Beneficiary Change Form associated with your Plan and follow the instructions to mail (or fax) the form.

Get the help you need – when you need it

Valuable tools
Now more than ever, it’s crucial to have easy access to the tools and solutions needed to help ensure you and your family are financially healthy. Explore the website for financial wellness tools, recorded presentations on how to save for retirement, information on how to invest your savings, and much more.

For those looking for additional assistance, the website allows you to schedule a one-on-one meeting with a State of Connecticut Dedicated Retirement Counselor. Simply navigate to the Meet your Counselor tab and select Schedule a Phone Consultation with a Retirement Counselor External Site. Opens in a new window..

Due to the high volume of requests for one-on-one sessions, those planning to retire before July 1, 2022, are asked to defer scheduling an appointment with a retirement counselor to no more than two months prior to your retirement. To schedule an appointment, go to our universal scheduling tool here External Site. Opens in a new window..

* If you are making both pre-tax and after-tax (Roth) contributions, your total contributions to the 403(b) plan cannot exceed $20,500 in 2022—or $27,000 if you have elected the Age 50+ Catch-up option.

** Only one catch-up provision can be used in the same calendar year. Special Catch-up is not available to those eligible to participate in the State of Connecticut 403(b) Plan. Contact your Prudential retirement counselor for more information.

Questions? Call Prudential Retirement: 844-505-SAVE (844-505-7283)*

*Hearing Impaired: Call (TDD) 877-760-5166

To view your account history prior to July 1, 2015, click here External Site. Opens in a new window.. (Please have your previous login credentials ready.)