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| Tax Deferred Annuity Plans (403b & 457b) |
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The 403(b) and 457(b) are tax deferred retirement plans available to
employees of educational institutions and certain non-profit organizationsas determined by section 501(c) of the Internal Revenue code. Contributions and investment earnings grow tax deferred until withdrawal, at which time they are taxed as ordinary income.
Contact Ms. Monica Mitchell, Human Resources Analyst, at 2-1196 for specific information about the 403(b) and 457(b) program. |
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| Participating Companies |
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| American Express Financial |
American General |
| Equitable Life |
Fidelity |
| Hartford |
ING |
| Jefferson Pilot |
Mainstay Funds |
| New York Life |
ReliaStar Life |
| TIAA-CREF |
VALIC |
| Louisiana Public Employees Deferred Compensation Plan |
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| Annual Elective Deferral Limits |
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| Regular Deferral Limits |
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| Catch-up provision for employees who are age 50 or above |
- Additional $5,000 in 2006
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- Additional $5,500 in 2007
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| Catch-up provisions available for some employees with 15 or more years of service. Consult your representative for information on this provision. |
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