• Tax Sheltered Annuity (TSA)

    **NEW ART System- Create an account to enroll, monitor and change/update your 403(b) account(s)**

    *2017 Annual 403(b)/457(b) Retirement Benefits Guide-Announcement *- Coming soon

     Tax Sheltered Annuity         403(b) Educational Video - NEW

    • All employees of the school system are allowed to contribute part of their wages toward retirement on a pre-taxed basis
    • Employee voluntary contributions:
    • Various providers and investment options are available
    • May enroll at any time by completing a Salary Reduction Agreement Form (403(b) and/or 457(b))
    • Administered by TSA Consulting Group (TSACG)
    • For more information call 1-888-796-3786 or visit TSACG

    To withdraw or rollover Incentive and/or Final Pay Plan payments complete the Transaction Routing Request Form and fax or email to TSACG

    About the Plan

    Steps to open a Tax Sheltered Annuity (TSA) and set up automatic payroll deduction

    1. Select a vendor(s) from the List of Approved Vendors
    2. Contact the vendor(s) to open the account
    3. Complete the appropriate Salary Reduction Agreement Form(s) 403(b) and/or 457(b)
    4. Fax or mail completed Salary Reduction Agreement  Form(s) to TSACG (fax numbers and mailing address can be found on page one of the forms)


    Steps to cancel or change your automatic payroll contribution to a Tax Sheltered Annuity (TSA)

    • Complete the appropriate Salary Reduction Agreement Form(s) – 403(b) and/or 457(b)
      • Enter the new dollar amount under "Salary Reduction Amount" if changing your contribution amount
      • Enter in “0” under "Salary Reduction Amount" and check the box under “Terminate Reduction” if stopping/canceling your contribution
      • Plan comparison 403(b) vs 457(b)
    • Fax or mail the completed form(s) to TSACG (fax numbers and mailing address can be found on page one of the forms)


    Steps to request a Hardship Withdrawal from a 403(b) and/or 457(b) TSA

    Need Help?

    Contact Payroll and Benefits Services with questions at payroll.benefits@pgcps.org or 301-952-6200