Employees of public educational institutions and certain not-for-profit organizations are eligible to participate in the NYLIM 403(b)7 program.
An added benefit of the NYLIM 403(b)7 is that it allows you to save a portion of your earnings through automatic salary reduction. This means making tax-deferred contributions to your account is more convenient than ever. Starting in 2002, the maximum contribution was raised to be the same as for 401(k) plans.
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