Among other benefits offered to employees is the tax-sheltered annuity program. Voluntary participation in this program provides an opportunity for employees to reduce their current federal and state income tax burdens by setting aside a portion of their salaries toward the purchase of designated investments, i.e. annuities, stocks, etc. Income tax on the diverted income is postponed to the time at which benefits are withdrawn. Normally, earnings on these investments are also free from current taxation. This can result in substantial tax savings in addition to providing a supplement to retirement income.
Employees must meet with an agent from one of the companies listed below to
establish an account. Also listed below are detailed instructions for
enrolling in an SRA, an approved list of the participating SRA
organizations and contact information, and the forms which must be completed and submitted to
the HRM Office.
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Current plans offered are the 403(b), 457(b) and Thrift Savings Plan457 and 403b Overview__________________________________________________
403(b) Plan
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Approved Companies (click on the link to view that company's profile )
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Vist the company's website for additional information.
* Write down this access code for TIAA-CREF, you will need it to login -
Access Code: 102876
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457(b) Plan
New enrollments will need both the Salary Deferral Agreement and the Enrollment Form. Those already enrolled in the plan and wishing to make changes will only need the Salary Deferral Agreement.
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Louisiana Deferred Compensation Plan
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Thrift Savings Plan (TSP)
The TSP is a retirement savings plan adminstered by the Federal Retirement Thrift Investment Board and available only to members of the Federal Civil Service Retirement System. For information about the TSP, please visit their website at: www.tsp.gov
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