Supplemental Retirement Accounts

Dolores Nehlig, Manes, Kristen  |  6/7/2016 5:00:27 PM

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 Income tax on the diverted income is postponed to the time at which benefits are withdrawn.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.



New in 2014 - the Roth 403(b). These are after-tax deductions made while employed, resulting in tax-free disbursements in retirement. More information about Roth accounts.


2015 Contribution Limits:

The elective deferral (contribution) limit for employees who participate in 403(b), 457 and the federal government's Thrift Savings Plan is $18,000 (total amount for combined contributions to Roth or regular accounts).

The catch-up contribution limit for employees aged 50 and over in the same plans is $6,000.


To Enroll:

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 as well as some general information about 403(b) and 457(b) plans.

403(b), 403(b) Roth
457(b), 457(b) Roth
Thrift Savings Plan





403(b) Plan

  • Approved Companies
    • Fidelity Investments
    • VALIC
    • VOYA (formerly ING)
    • MetLife
    • TIAA-CREF



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.


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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