Tax-deferred annuities, tax-deferred custodial accounts, and Section 457(b) Deferred Compensation Plans enable you to save for retirement without paying current federal and Ohio income taxes on the amount saved. Faculty and Staff may contribute on a voluntary basis to one or more tax-deferred annuity carriers, mutual fund groups, and deferred compensation plans carriers. Contributions are by payroll deduction on a pre-tax basis.
All of the following offer Section 403(b) tax deferred annuities and custodial accounts:
The Ohio Public Employees Deferred Compensation Program, VALIC and Voya Insurance and Annuity Company (formerly ING), offer Section 457(b) deferred compensation plans.
*Questions can be directed to Advisory Center counselors at these telephone numbers. 403(b) and 457(b) accounts must be created prior to establishing contributions in Retirement Manager. Please visit the Retirement Manager page for information on establishing a payroll contribution.
