Tax Deferred SavingsThe following programs allow eligible employees to save toward retirement by investing pre-tax contributions in tax-deferred investments. These contributions are made through payroll deductions, prior to federal and state taxes being calculated.
- Tax Shelter Annuity – 403(b) Administered by AIG Retirement. Eligible for 403b enrollment?
- Thrift Plan – 401(k) Administered by Savings Plus Program. Eligible for 401(k) enrollment?
- Deferred Compensation Plan – 457 Administered by Savings Plus Program. Eligible for 457 enrollment?
Tax Deferred Savings Plans - 2013 Limits
- 403(b) = $17,500
- 401(k) = $17,500
- 457 = $17,500
- Combination of 401(k) and 403(b) = $17,500
- Combination of 401k/403b ($17,500) and 457 ($17,500) = $35,000
- Catch-up provision for all three plans for employees over the age of 50 = $5,500
- Catch-up provision for the 403b plan for employees who have worked at least 15 years may be eligible to contribute an additional $3,000 per year for up to 5 years for a total of $15,000. Employees who wish to contribute using this catch-up provision must demonstrate eligibility by completing the CSU Max Contribution Allowance Worksheet.
TSA Master Administrator and Fund Sponsor Contacts updated January, 2013
More detailed information about the TSA program, including "How To" webcasts and information about contract exchanges, loans and hardship withdrawals, annual contribution limits and catch-up worksheets can be found on the CSU Systemwide Benefits Portal.
To enroll in the 403(b) plan, click on Retirement Manager.
To enroll in either the 401(k) or 457 plan, visit the Savings Plus Program website.