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 JC’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.

Tax Sheltered Annuity Providers at Jackson College

CONSOLIDATED FINANCIAL VALIC TEACHERS INSURANCE & ANNUITY ASSOCIATION
Phone:
248.351.6000 or 800.232.2383
Fax:
248.351.6001
Web Site:
www.consolidated-financial.comAddress:
28411 Northwestern Hwy, Ste 950
Southfield, MI 48034
Phone:
800.892.5558 Ext 87996 or 734.975.1756Fax:248.754.1140Web Site:
www.valic.comAddress:
2701 Cambridge Court, Ste 115
Auburn Hills, MI  48326
Application

Phone:
800.842.2273
Web Site:
www.tiaa-cref.org

Address:
730 Third Avenue
New York, NY 10017