Tax Sheltered Annuity
The IRS allows full and part-time employees of
SMPCS to save for retirement and reduce their current income taxes.
You may defer a portion of your salary on a pre-tax basis and place in in an
account with an insurance or mutual fund company. SMCPS will deduct
the amount you authorize and send it to an approved TSA provider, where it
is invested on a tax-deferred basis. SMCPS offers a choice of
qualified companies that provide TSA products for employees.
It is very important that you read all the
material you will receive about TSAs before choosing to participate.
You should consult a tax or financial advisor for further information and
advice about your personal financial situation.
Click here to view the list of approved
TSA vendors and their phone numbers.
Other Benefits:
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