Tax Sheltered Annuity Program
What is a Tax Sheltered Annuity?
The Tax Sheltered Annuity Program is a supplemental retirement savings program authorized by section 403(b) of the Internal Revenue Code. All employees (except students) are eligible to participate. Employees can enroll at any time.
Through the Tax Sheltered Annuity Program you can invest a portion of your income for retirement on a pre-tax basis. Participation in JCC's Tax Sheltered Annuity Program is voluntary. You make the entire contribution; there is no employer match.
How Do I Establish a Tax Sheltered Annuity?
- Contact the annuity company from the table provided below for information and/or an application.
- Complete the application and return it to the annuity company. NOTE: An account must be established with a tax sheltered annuity provider prior to deducting funds from pay.
- Complete a 403(b) Salary Reduction Agreement
and return it to Payroll in the Business Office.
Employees needing further information may call Marcia Fowle, Payroll Specialist, at 517.796.8146 or email at FowleMarciaA@jccmi.edu.
Tax Sheltered Annuity Providers at Jackson Community College
Consolidated Financial |
VALIC |
Teachers Insurance & Annuity Association |
|---|---|---|
Phone: Address: |
Phone: 248.754.1105 Fax: 248.754.1140 Web Site: Address: |
Phone: Address: |
What about the Deferred Compensation Plan?
For information regarding Jackson Community College's 457(b) participation, visit the Deferred Compensation
web page.
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