Tax Sheltered Annuities

Tax Sheltered Annuities

Benefits Coordinator

Kim Seigfreid |
134 Waller Administration Building
570-389-4018 | Fax: 570-389-3085

Voluntary Supplement Retirement Plans

PASSHE offers two options for supplementing its retirement plan. PASSHE participates in Pennsylvania's Deferred Compensation Plan currently administered through Great West.

This program allows employees to contribute to a long-term savings plan on a pre-tax basis up to amounts allowed by the IRS.

The other option open to PASSHE employees is the Tax Sheltered Annuity (TSA) program. The TSA program is supplemental retirement savings plan under Section 403(b) of the Internval Revenue Code. This voluntary program allows employees to contribute, on a pre-tax basis, a portion of your salary for retirement savings.

Voluntary Retirement Programs

TSA Enrollment/Change Form

Comparison of Plans

Roth 457

Learn about two new features of Roth 457 and Online Deferrals

Limits on TSA Contributions for 2017

Contributions β€” $18,000

Age 50+ Catch Up β€” $24,000 ($18,000 + $6,000): The age 50+ Catch Up Provision may be made by a participant who is 50 years old by the end of the calendar year and has made the maximum contribution under the elective deferral limit, including any amounts available under the 15-Year Catch Up Provision.