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How do you save for retirement through payroll deduction?

How do you save for retirement through payroll deduction?. Valley View School District offers to all employees, three ways to save for retirement through payroll deduction:. 403(b)-Tax Sheltered Retirement Plan 457(b)-Traditional Tax Deferred Compensation Plan

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How do you save for retirement through payroll deduction?

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  1. How do you save for retirement through payroll deduction?

  2. Valley View School District offers to all employees, three ways to save for retirement through payroll deduction: • 403(b)-Tax Sheltered Retirement Plan • 457(b)-Traditional Tax Deferred Compensation Plan • Roth 457- After Tax Compensation Plan Employees can contribute to any combination of the above options to save for their retirement. * Not intended as tax, financial or legal advise.

  3. 403(b) Tax Deferred Retirement Plan: Pre-tax deduction Calendar year contribution limit for 2014 is $17,500 Allows for additional catch up contributions for participants age 50+ of $5,500 457(b) and 457 Roth Deferred Compensation Plans: 457(b) Pre-tax deduction 457 Roth After tax deduction therefore qualified distributions are not taxed Both 457(b) and 457 Roth Calendar year contribution limit for 2014 is $17,500 Additional catch up contributions for participants age 50+ of $5,500 are permitted For additional information about participation, investment options and more, Contact one of our approved plan providers. * Not intended as tax, financial or legal advise.

  4. Visit our vvsd website, under the Payroll Department, for a link to Retirement Manager.

  5. For access to financial tools and to manage your contributions, log in to Retirement Manager today!

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