HR, Payroll and Benefits News

Save for Your Future with the TSA 403(b) Program
July 11, 2013

Think of the things you plan for - vacation, a new vehicle, your home. Have you planned for your future retirement? Take advantage of an opportunity to supplement your retirement savings by participating in the UW Tax-Sheltered Annuity 403(b) Program. It is easy with an automatic payroll deduction - and it feels good to save!

Benefits

There are many benefits of participating in the UW TSA Program, including:

1. It's an easy way to accumulate additional savings you will need to supplement your retirement income.
2. You can make either pre-tax or Roth after-tax contributions or a combination of both options.
3. It is a flexible, low-cost program with a wide array of investment options.
4. It's portable. You may rollover your contributions to another qualified plan if you leave UW employment.

Enrollment

If eligible, you may enroll in this voluntary program at any time. All permanent, project and limited term employees (LTEs) of the University of Wisconsin as well as rehired annuitants, student hourly employees, and graduate assistants - with the exception of some employees-in-training, fellows, and interns - are eligible to participate. You make the entire contribution; there is no employer match. Investment options include a wide array of mutual funds and fixed and variable annuities managed by six authorized investment companies. For a description of our investment companies and how to enroll, see the Quick Guide to the TSA Program.

To find out more about the program, take a look at the TSA Q&A, which provides answers to some frequently asked questions.

Source: UW System Administration
Categories: Retirement