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USD 450 employees have the opportunity to invest in 403(b) and 457 retirement accounts through payroll deduction. 

 

USD 450 employees have the opportunity to invest in 403(b) and 457 retirement accounts through payroll deduction. 

403(b) Investing Option

 

403(b) is a retirement plan that's designed for public schools and other nonprofits. It's very similar to a 401(k).  The advantage of a 403(b) Plan is that your taxable income is reduced by the amount you contribute to the plan. Distributions from your 403(b) are subject to federal income taxes.  An annuity offers you many options upon retirement, such as a guaranteed lifetime income. Tax law permits you to withdraw contributions under certain circumstances outside of retirement but there are restrictions.

For information on USD 450's 403(b) Investment Providers or to contact a company to start investing, please go to the TSA Consulting Group website.

403(b) Plan Information for Employees and Advisors:  USD 450 403(b) Plan Info

To make changes to your current 403(b) salary reduction amount please complete the Salary Reduction Agreement Form 

For other 403(b) transactions refer to:  403(b) Transaction Information Form

Maximum Allowable Contribution (MAC) Limits for 2020:  MAC Limits 2020

 

457 Investing Option

 

KPERS 457 is the State of Kansas deferred compensation plan. It’s a voluntary savings plan for all state employees and some local employees.

With KPERS 457, investing is easy. One option is a Vanguard Target Retirement Fund. Just choose the fund closest to the year you plan to retire, and the fund will do the rest. KPERS 457 even has a Roth option!

  How it works

  • You choose how much to save and when with a traditional pretax 457 account or a 457 Roth account
  • You can start or stop anytime
  • Contributions are automatically deducted from your paycheck
  • You can start with as little as $12 per pay period
  • If you have a 457 plan and 403b plan you can contribute up to the max amount in both plans!

 

For more Information and to Enroll in KPERS 457:

 

 

 

 

Shawnee Heights USD 450, 4401 SE Shawnee Heights Road, Tecumseh, Kansas, does not discriminate on the basis of sex, religion, color, national origin or ancestry, handicap/disability or age. Persons having inquiries concerning Shawnee Heights USD 450 compliance with Title VI, Title IX, Section 504, Americans With Disabilities Act, and the Age Discrimination Act may contact the Human Resource Director, 4401 SE Shawnee Heights Road, Tecumseh, Kansas 66542, (785) 379-5800. Pre-employment drug testing/criminal record check/child abuse checks are required.
Equal Opportunity Employer

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