Human Resources

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?

  1. Contact the annuity company from the table provided below for information and/or an application.
  2. 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.
  3. 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
 

Fidelity
Application

American International Group, Inc.

Teachers Insurance & Annuity Association Application

Phone: (248) 351-6000
Fax: (248) 351-6001
Address:

28411 Northwestern Highway
Suite 950
Southfield, MI 48034

 Phone: (888) 836-7655
Web Address: http://www.fidelity.com
Address:

Fidelity Retirement Services
PO Box 1823
Boston, MA 02105

 Phone: (800) 448-2542
Web Address: http://www.aigretirement.com/
Address:

Steve Schuldt
1301 W. Long Lake
Suite 340
Troy, MI  48098-6349 

 Phone: (248) 351-6000
Web Address: http://www.tiaa-cref.org
Address:

730 Third Avenue
New York, NY  10017 

What about the Deferred Compensation Plan?  

For information regarding Jackson Community College's 457(b) participation, visit the Deferred Compensation web page.


05.20.08