Tax Sheltered Annuity 403(b) Information

What is a TSA?

The 403(b) plan, often referred to as a tax-sheltered annuity (TSA), was created in 1958 specifically to give teachers and employees of other nonprofit organizations the opportunity to save money on a tax-deferred basis. It's like the 401(k) plans that are available to private-sector workers but with fewer regulatory controls.

On January 1, 2006, a new savings feature became available to TSA or 403(b) plan sponsors as an option for plan participants—the Roth TSA. Now TSA contributions can be before-tax or after-tax (Roth) or a combination of the two.

403b Contribution Limits for 2016 & 2017

Setting up your TSA

The first step is to research the district's preferred TSA vendors and choose one that best fits your retirement goals.  After selecting a TSA company, please contact the Vendor/Representative to set up an account.  Once the account has been established, please fill out the Salary Reduction Agreement and submit it to payroll.

2018-2019 Vendor List
Salary Reduction Agreement
Summary Plan Description

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