Tax Sheltered Annuity

  • As an employee of San Juan Unified School District you are eligible to participate in the District’s 403(b) or 457 plans.  
     
    Participation in these plans is voluntary and allows you to contribute pre-tax dollars through payroll deduction.  These plans are commonly referred to as Tax Sheltered Annuities or TSA plans.  
     
    How to Establish a 403(b) or 457 Account:
     
    Eligible employees may establish a 403(b) or 457 plan by contacting an approved Financial Investment company. (List of approved investment companies to the right.) The district's third party administrator, National Benefit Services (NBS), has provided a guide on How to Research Investment Providers through CalSTRS 403b compare website 
     
    NBS provides a comprehensive online platform which will provide you with forms, vendor information and basic information about your deferred compensation retirement plan.  The website is: http://www.nbsbenefits.com/non-erisa-403b-forms/  In the first drop down box, select California and the San Juan Unified School District.  This website will provide you with all of the necessary forms you will need to apply for a loan or distribution from your account (Loan, Hardship or Distribution/Rollover Form), exchange funds between vendors (Exchange Form), or change your monthly allocations (Salary Reduction Agreement). Employees may make changes to the amount they wish to defer directly through NBS. Changes must be made by the 5th of the month for the month you want the change to occur. Instructions on how to establish an on-line NBS account.
     
    If you have any questions, please contact NBS's Service Delivery Team dedicated to provide excellent service.  The contact information for the Service Delivery Team is:
     
    Phone: (800) 274-0503 extension 5
    Email:   403bservice@nbsbenefits.com
    Fax:     (800) 597-8206
     
    NEW PROCESS FOR TSA VENDOR SITE VISITS

    We have now implemented a new process as outlined in the (“Communication to Secretaries”). The three financial and education vendor's representatives are identified in the following Vendor Identification document,  National Benefit Services has been contracted by the district to manage our process. 

    The attached document, Employee Financial Opportunities, provides basic information on tax sheltered annuities and section 125 cafeteria plans .

     

     
     
Last Modified on April 28, 2020