403(b) Voluntary Tax-Deferred Savings Plan

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Saving a percentage of your salary from each paycheck can make a big difference in the amount you could have when you retire. Start early, and automatically update your contributions as your income increases.
The Massachusetts 403(b) Elective Deferral Savings Plan (the 403(b) plan) gives you the opportunity to supplement your core retirement benefits under the State Employees' Retirement System (MSERS) or the Optional Retirement Program (ORP) with this voluntary benefit.

The plan is available to employees of:

Why Employees Join the 403(b) Plan

Inflation Protection

Your supplemental savings in the plan can help offset the effects of inflation on a long-term fixed retirement income. Click here for a chart illustrating the devastating effects that inflation on a fixed income.


Your contributions to the 403(b) plan are made before state and federal income taxes are applied to your salary in the payroll system. This means more of your salary can go towards your supplemental savings.

Emergency Fund

Many participants find the security of an emergency fund during retirement an invaluable part of their financial planning. Your voluntary savings in the plan are accessible in a wide variety of payment methods, and at different times – the key features of an emergency fund!

News & Updates

Lincoln Financial Group: The Commonwealth closed its relationship with Lincoln earlier this year. For more information, visit the News & Updates page.