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| dept home | payroll staff | benefits | forms | news | pay information | policies | links | ||||||||||||||||||||
| 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 | ||||||||||||||||||||
| AIG Valic | ||||||||||||||||||||
| Fideltiy Investments | ||||||||||||||||||||
| ING Life Insurance and Annuity Company | ||||||||||||||||||||
| Teachers Insurance & Annuity (TIAA-CREF) | ||||||||||||||||||||
Louisiana Public Employees Deferred Compensation Plan |
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| Annual Elective Deferral Limits | ||||||||||||||||||||
| 403b Annual Deferral Limits | ||||||||||||||||||||
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| Catch-up provision for employees who are age 50 or above | ||||||||||||||||||||
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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. | ||||||||||||||||||||
457b Annual Deferral Limits |
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| Any participant age 50 or above may contribute up to $22,000 | ||||||||||||||||||||
| If you are eligible for Standard 457 Catch-up, you may be able to contribute up to twice the annual limit or $33,000 for 2009 | ||||||||||||||||||||
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Document last revised Thursday, December 4, 2008 8:10 AM
© Copyright 2003 by the University of Louisiana at Lafayette
Payroll, PO Box 40400, Lafayette LA 70504-0400
Telephone: 337/482-5895 · E-Mail: dlc@louisiana.edu
