Tax-Sheltered Annuity Plans - 403b

  • The Tax Sheltered Annuity (TSA) Program is a supplemental retirement savings program authorized under Section 403(b) of the Internal Revenue Code. All Pennsylvania State System of Higher Education (PASSHE) employees are eligible to participate. Eligible employees can enroll at any time.

    Through the TSA program, you can contribute a portion of your salary for retirement on a pre-tax basis. Participation in the TSA program is voluntary. You make the entire contribution; there is no employer match. Please note that PASSHE’s deferral of an employee’s salary to the TSA program is not an endorsement of the investments offered by the vendor.

    To enroll in the program, select a vendor from the PASSHE list and enroll with the vendor setting up an account. Once your account is active, complete the PASSHE Tax Sheltered Annuity Salary Reduction Agreement and contact Payroll Services at (724) 357-2510. You will be required to show a copy of your account confirmation to make sure you have signed up with the TSA vendor first.

  • Tax Sheltered Annuity 403(b) Summary Plan Description
    Summary Plan Description (SPD) for the 403(b) Tax-Sheltered Annuity Plan.
    Tax Sheltered Annuity 403(b) & Deferred Compensation 457 Plan Comparison
    Tax Sheltered Annuity – 403(b) \ Deferred Compensation – 457 2015 Plan Comparison 403(b) Tax Sheltered Annuity 457 Deferred Compensation General Description A retirement income vehicle, which allows eligible employees to defer taxation savings to future years. Available to nonprofit and tax exempt organizations eligibl
    Tax-Sheltered Annuity 403(b) Salary Reduction Agreement
    Form to participate in the 403(b) program.  
    Tax-Sheltered Annuity 403b Vendor List
    List of approved PASSHE 403(b) plan vendors
    Tax Sheltered Annuity 403b Universal Availability Notice
    Eligibility notice for 403(b) plan participation