Your first step in strengthening your retirement provision is to contribute to your employer`s 403(b)/457(b) plans. OMNI makes it easy to start or edit your contributions to your 403(b)/457(b) account. After opening an account with an approved investment provider in your employer`s plan, simply select your employer`s state and enter your employer`s name below to guide you to the salary reduction agreement forms in which you can deduct the amount to be deducted as well as the authorized investment provider you wish to participate in, 2.1.1.1 The District`s Voluntary 403(b) Tax Shelter Annuity (TSA) Plan is a tax-deferred, defined contribution pension plan that operates in accordance with Section 403(b) of the Internal Income Code. Their contributions to the plan are made through salary reductions. The pay slip system reduces your salary by the amount of your contributions before applying federal and state taxes to your check. On November 1, 2007, the Board of Education approved an agreement with the Orange County Federal Credit Union (OCTFCU), now known as the Schools First Federal Credit Union, for the district`s 403(b) TSA plan. If you wish to initiate, discontinue or modify an existing 403(b) plan, please contact the Federal Union of School Credit. 403(b) Salary Reduction Agreement (SRA) Daniel Christofferson Schools First Federal Credit Union Retraitement Plan Representative (800) 462-8328 x4116 dchristofferson@schoolsfirstfcu.org implementation: This sala the Wage Reduction Agreement (« Contract ») supersedes any prior salary reduction agreement for the person listed below (the « Staff ») pursuant to the 403(b) Tax Sheltered Annuity Plan (the « Plan ») proposed by the Federal Way School District. King County, Washington (the « Employer »), also known as Federal Way Public Schools. The wage reduction set out in this Agreement will begin with the first paycheque on the effective date or effective date set forth below, provided that such form is received by the employer by the pay slip deadline for such paycheque. This agreement remains in effect until a new agreement is filed. Your first step is to contact a participating 403(b)/457(b) investment provider to create your investment account.

A list of participating investment providers for your employer can be found on your organization`s plan details page. After working with your investment provider to set up your account and select investment vehicles, you must enter into an omni Salary Reduction (SRA) agreement to initiate your deductions. When you click the button below, a printable PDF form is created with the information entered above….