Maximizing Your UW TSA 403(b) Contribution for 2019
November 4, 2019
You may be aware that the UW TSA 403(b) Program is a great way to save additional money for retirement, but did you know that you can contribute up to $19,000 to your account in 2019? If you are age 50 or older at any time in 2019, you can also contribute a “catch-up” amount of $6,000 for a total of $25,000.
To see how much you have contributed to your TSA account in 2019, check your earnings statement. If you want to increase your contribution amount:
1. Log into the MyUW portal for UW System institutions or UW-Madison.
2. Launch the Benefit Information app.
3. On the bottom of the screen, click on “Update TSA Deductions” to make your change.
If you are paid monthly, you have one paycheck remaining for 2019 – November 29.
If you are paid biweekly, you have three paychecks remaining for 2019 – November 21, December 5, and December 19.
If you are not enrolled in the UW TSA 403(b) Program, and are interested in enrolling, visit the UW TSA 403(b) Program website to find out how to enroll and start saving for your future retirement.
If you have questions, contact your human resources office.
Source: UW System Human Resources
Categories: Supplemental Retirement Program