The TSA plan is available to all employees upon their hire date. A 403(b) plan (tax-sheltered annuity plan or TSA) is a retirement plan similar to a 401(k) plan that lets employees defer some of their salary into individual accounts. The deferred salary is generally not subject to federal or state income tax until it's distributed.
Enrollment/Changes
To enroll, log on to the Retirement@Work website. The website is available for employees to simplify and manage their TSA contributions, enroll with an investment vendor(s) and choose your investments all in one location.
Enroll or Change - Retirement@Work
Investment Options
Employees are able to choose from TIAA and/or Fidelity as their TSA vendor and choose from the same core investment lineup as the ARP retirement plan, offered at the lowest possible fee structure. Access to a brokerage window is available for employees who desire investment choices outside of the core lineup with TIAA and/or Fidelity.
Advice and Guidance
Representatives are available from each vendor free of charge. You can meet with
representative on campus, over the phone, or online. They can assist with investment options or
discuss your personal goals.
Meet with Fidelity Meet with TIAA
Update Account Information
It's important to keep your account information and beneficiaries up to date. Log in to your online account with Fidelity or TIAA to update your information.
Tax-Defer Leave Payouts
The State System allows you to defer in both the TSA and Deferred Compensation plans, up to the applicable IRS limits. By making pre-tax deferral, employees can reduce taxes withheld from the final paycheck and boost their retirement savings. Prior to meeting with your representative, you should obtain a sick/annual leave payout estimate from your HR office. This will help the representative to estimate the correct deferral amount.
Deferral Forms and Instructions
Withdrawal Options
Employees can take money from their TSA plan after they separate employment or at age 59 1/2. There are many options available such as rollovers, annuities, or you can leave your money in the plan. Contact your vendor for options or paperwork.