Did you know you can offset your taxable income (i.e. reduce what you owe to the IRS) by contributing more toward your retirement? Beyond your pension, contributions to a 403(b) or 457 account can help you retire more comfortably.
There are roughly 18 pay periods remaining in 2023 (14 if you’re a 10-month employee), and you can contribute from each of those paychecks. Your contributions are also eligible for a match from SPPS! The minimum match starts at $1,000 for full-time employees - you can find out more about what your match can be by reviewing the “TSA Match” section for your Union group on the Benefit Summary by Bargaining Unit.
The District will also match contributions 1:1 each check, up to the match limit, each calendar year.
Not sure if you’re contributing, or how much you’re contributing? Review your pay stub in Employee Self-Service to check your current contribution. (Tip: for help understanding your pay stub, click here.)
If you want to review how these contributions would look on your check before you sign up, you can also use the Paycheck Modeler tool under Employee Self-Service → Payroll (ePay) → Paycheck Modeler.
Ready to sign up? Click here to go to the TSA (Tax Sheltered Accounts) page, read through the information, and find the appropriate paperwork to complete under “Forms” on the right side of the page. Once complete, submit them to email@example.com.