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New 401 (k) Program
Offers Top Investment Options & Customized Plans
The New York Bankers Service Corporation (NYBSCO)
and Milliman, Inc., a leading provider of retirement plan services, have
developed an attractive, affordable and reliable 401 (k) program for New
York Bankers Association Member Banks and their employees. The plan
includes access to a state-of-the-art, Web-enabled system and
best-in-class investment options at low expense levels, so participants
realize better investment returns. Each participating bank can choose
its own plan provisions and investment options that include mutual
funds, institutional share class funds, company stock and model
portfolios. The program provides participating employees with instant
access to benefit information, including retirement information and
tools that give participants the opportunity to estimate future
retirement benefits. Milliman, which has serviced NYBA’s Pension Plan
for more than 10 years, provides services for some 4,000 retirement
plans, representing more than two million participants.
For further information, please call Randy
Broscious of Milliman at (518) 514-7100, e-mail:
randall.broscious@milliman.com., or NYBA’s Gus Kananis at (518) 434-3556, e-mail:
gkananis@nyba.com.
Bank
Employee Benefit Insurance Plans
Superior quality
Employee Benefits coverages are available to members at lower cost than
banks can usually find on their own. Dividends are also available under
some plans, with the 10-year performance at
over $4 Million
and nearly $180,000 paid under the Group Life and NY-DBL programs in
1999.
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Freedom of Choice Dental PlanGroup
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Life and AD&D
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Optional Life Insurance for Employees
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Executive Supplemental Life and AD&D
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Dependent Life Insurance
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Directors Life Insurance
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Personal Accident Insurance
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Long Term Disability
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NYS Short Term Disability
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