403(b) Plan Tax Deferred Annuity

  • The 403(b) Plan is a voluntary (optional) supplemental retirement savings program offered under section 403(b) of the Internal Revenue Code and is called the Tax-Sheltered Annuity Plan ("TSA Plan").  

    The ½ûÂþÌìÌà 403(b) Plan is administered by PenServ.  ½ûÂþÌìÌà offers the following types of 403(b) Plans for you to contribute to:

    • Traditional (before-tax) 403(b) Plan; and
    • Roth (after-tax) 403(b) Plan, subject to vendor acceptance of such contributions.


    All contributions to the ½ûÂþÌìÌà 403(b) Plan are made by the employee.  The District     does not contribute toward the 403(b) Plan and there is no Employer Match.


    Eligibility to Participate

    All employees are eligible to participate.

    IRS 403(b) Plan Contribution Limits for 2025

    • $23,500.00 applies to employees under Age 50 at the end of 2025
    • $31,000.00 applies to employees age 50-59 or over 63 by the end of 2025
    • $34,750.00 applies to employees age 60-63 by the end of 2025
    • 403(b) Special 15 Years of Service Catch-up: Up to an additional $3,000***

    *Note: Contributions to the plan above cannot exceed employees’ total compensation.
    **Please contact PenServ to verify eligibility and limits available under Special Catch-up.

    *NEW*  The ’Age-Related Catch-up Limits’ above apply for the first time in 2025 as a result of the SECURE 2.0 Act. A new ’Catch-up Contributions Must Be Roth for Highly Compensated Participants’ requirement becomes effective in 2026. 


    Enrollment & Changes During the Calendar Year

    To enroll or make changes online in PeopleSoft Employee Self-Service (ESS), follow the .

    • You may enroll in the ½ûÂþÌìÌà 403(b) Plan at any time, subject to payroll deadlines. 
    • You may start, stop, increase, or decrease your contributions to the ½ûÂþÌìÌà 403(b) Plan at any time, subject to payroll deadlines. 
  • 403(b) Terms & Conditions

  • Rollovers

    You may be able to rollover retirement account(s) from previous employers into your ½ûÂþÌìÌà 403(b) Plan.

    For more information on rollovers into the ½ûÂþÌìÌà 403(b) Plan, contact PenServ, the plan administrator for the ½ûÂþÌìÌà 403(b) Plan, at 800-849-4001 or by email at service@penserv.com 

    15 Years of Service Catch-up

    Based on all three of the following qualifying factors being met:

          1. Employee must have 15 Years or more of full time service with the ½ûÂþÌìÌà (this does not need to be consecutive, there may be gaps in service with the employer)
          2. Employee must have deferred an average of less than $5,000.00  per full time service year during the employee's prior years of service 
          3. Employee is subject to a $15,000.00 lifetime limit on the catch-up amounts
     
    The max amount under this catch-up is $3,000,note that if an employee is closer than $3000 away from the thresholds in items 2 or 3 above, the amount of the catch-up (if eligible at all) may be less than the full $3,000. 

    To request the 15 year of service catch-up, contact PenServ to verify eligibility at 800-849-4001 or by email at service@penserv.com 

    Contact PenServ

    PenServ can provide you with additional information on the ½ûÂþÌìÌà 403(b) Plan and answer any 403(b) questions you have specific to your situation.

    Phone: 800-849-4001
    Email:  service@penserv.com 

    PeopleSoft ESS Login Issues

    If you experience any issues logging into PeopleSoft Employee Self-Service (ESS), on-site or off-site, please contact the ½ûÂþÌìÌà IT Service Desk at 503-916-3375.  

    403(b) Technical Issues in PeopleSoft ESS

    If you experience any technical issues enrolling or making changes to your 403(b) Plan contribution in PeopleSoft Employee Self-Service (ESS), please contact the ½ûÂþÌìÌà Benefits Team at benefits@pps.net.

  • PenServ

    Customer Service Support:

    Phone (800) 849-4001
    Email service@penserv.com

    Submitting Requests via Fax:

    Fax (803) 791-5925

    Submitting Requests via Mail:

    PenServ Plan Services, Inc.
    102 Trade Zone Drive
    West Columbia, SC 29170

Quicklinks

  • 403(b) Plan Announcement