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					     Supplemental Retirement Plans                                               SUPPLEMENTAL
         Companies Approved                                                    RETIREMENT PLANS
        For Payroll Deductions
                                                                              401(K), 403(B) AND 457
                                                                            2006-2010 Maximum Limits
                 State 401(k) and 457

South Carolina Deferred Compensation Program                                        HUMAN RESOURCES
          224-6082 or (803) 754-7997                                                 OPERATIONS BENEFITS

                                                                                Districts 1, 2, & 10
                                                                                Cindy Horey/Sandra Quigley
                                                                                Phone: 843 937-6356
    Tax Deferred Plans (TDP) 403(b)                                             Cynthia_horey@charleston.k12.sc.us

AIG Variable Annuity Life Ins. Co. (VALIC)...................... 442-3715       Districts 3, 20, 23, Central Staff &
American Funds Group….………….…………………….… 571-4470                                  Charter Schools
Ameriprise Financial………………………………………… 972-2258                                   Kathy Smalls/Debra Gadson
Equitable/Equi-Vest ……..…………………………………. 849-7878                                 Phone: 843 937-6359
Guardaian …………….……………..……………………… 767-9808                                       Kathleen_smalls@charleston.k12.sc.us
ING (Northern Life & Reliastar Life)………..…………….. 875-1340
Horace Mann ……………………………………………….. 559-0604                                       Districts 4 & 9
Massachusetts Mutual Life Ins. Co………………………….577-3420                            Mable Jackson/Iona Wilder
Merrill Lynch ……………………………………………….….720-9408                                     Phone: 843 937-6358
Metropolitan Life Ins. Co (CitiStreet & Travelers).…………557-4869                 Mable_jackson@charleston.k12.sc.us
Nationwide Life Ins………………………………………..… 216-7717
New England Life Ins. Co………………………...………… 723-8646                               Holly Maben, Benefits Officer
Northwestern Mutual Life Inc. Co……………….………..…579-0018                           Phone 937-6355
Oppenheimer Funds…………………………….……………849-1180                                      holly_maben@charleston.k12.sc.us

                                                                                   Fax number for all Technicians:
                            Revised 7/17/07                                               843-937-6370
                                                                                                    TAX DEFERRED PLAN OPTIONS
                                                                                                     2007 COMPARISON CHART
      Maximum Deferral Limits for 2007
                                                                                                           457                 401(k)                      403(b)

                                                                              Minimum                      $10.00              $10.00                      $10.00
The maximum one can contribute to 401(k), 403(b) and 457                      Contributions
accounts for 2007 is:                                                         Per Paycheck

                                                                              Maximum                      $15,500             $15,500                     $15,500
        401(k) and/or 403(b)      =          $15,500*                         Contributions*
        457                       =          $15,500                          Per Paycheck.
                                                                              The 401(k) & 403(b) cannot
                                                                              exceed a total amount of
*Please note that if a participant is contributing to both the 401(k) and     $15,000

403(b) accounts the total contributions cannot exceed the maximum
                                                                              Catch-up Provision-1         $20,500             $20,500                     $20,500
limit of $15,500 for participants under 50 years old and $20,500 for          If 50 or over
participants age 50 years and older.                                          *Catch-up Provision-2        If within 3 years   NONE                        After 15 years or more of
                                                                              (with restrictions)          of being eligible                               employment, additional
                                                                                                           to retire, up to                                $3,000 for up to 5 years.
                                                                                                           an additional
Age 50 and Over Catch-up Provision:                                                                        $15,000 but not
                                                                                                           more than a
                                                                                                           total of $30,000.
Subject to eligibility, if you have unused deferrals, the catch-up limit is
an additional $15,500 each year during one or more of your last three         Investment Options           84 Mo.              Same Choices as 457         Diversification would vary
                                                                                                           Certificate                                     based on which one of the
taxable years prior to normal retirement age. You cannot participate if                                    Stable Value                                    15 companies you choose.
you have elected to use the Age 50 and Over Catch-Up Provision or in                                       Fund 10 Mutual
                                                                                                           Funds
the calendar year you separate from service or retire.
                                                                              Charges/Fees                 0.18% asset         Same as 457                 Each company will vary,
                                                                                                           Management                                      read the prospectus
                                                                                                           Charged
              2005       2006         2007      2008      2009       2010                                  annually


401k/                                                                         Approved Withdrawals         Retirement          *Retirement                 *Retirement
            $14,000    $15,000    $15,500*     NA       NA         NA                                      Termination         *Termination                *Termination
403b/457
                                                                                                           Disability          Disability                  Disability
Age 50 &    $18,000    $20,000    $20,500*     NA       NA         NA                                      Death               Death                       Death
over                                                                                                       Emergency           *Hardship                   *Hardship
                                                                                                           *May be subject to a 10% tax penalty if under age 59 ½ .

*As indexed under the 2001 Act.                                               Loans                        Yes                 Yes                         Yes

For the period after December 31, 2007, the 2001 Act’s provisions             *Rollovers                   Yes                 Yes                         Yes
expire and the tax law in effect before June 7, 2001 takes effect.
                                                                                                           *To roll money out of the plan you must be retired, terminated or if under a
                                                                                                           401(k) age 59 ½

                                                                              *Transfers                   Yes                 Yes                         Yes
                                                                                                           *Among approved vendors

				
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