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.
Deferring Into the TSA 403b
There are TWO steps you must take to defer into the TSA plan:
- If you are enrolled in the Alternative Retirement Plan (ARP), you must also open a Voluntary TSA 403b plan
- When opening an account through Retirement@Work, the amount elected is for biweekly deductions only. You must complete the TSA Leave Deduction Agreement.
- Submit your completed TSA Leave Deduction Agreement directed to tsadeferral@passhe.edu or by fax to 717-720-4162.
- To make sure enrollment and forms are received, it is recommended to complete the process 30 days in advance of your retirement.
- To view more details of the plan, navigate to www.passhe.edu/enrolltsa
Deferring Into the Deferred Compensation 457
The State Employees' Retirement System contracts with Empower Retirement as the administrator for the deferred compensation 457 plan.
There are TWO steps you must take to defer into the deferred compensation plan:
- You must be contributing at least $5 prior to the pay in which you defer your sick and/or annual leave. Enrollment can be done online or by completing a paper enrollment form.
- Meet with a deferred compensation representative to complete paperwork.
- The deferral agreement form can be obtained by logging into your deferred compensation account, clicking on Plan Forms or from your deferred compensation representative.
- You should submit your completed form directly to Empower via fax or online by uploading the form to your account under the upload documents section.
- It's important to obtain a confirmation that the form has been submitted with Empower.