Tax Shelter Annuities (TSA) and Deferred Compensation Plans

A TSA (403b) and a Deferred Compensation Plan (457) allows you to take a certain amount of your pay on a pre-tax basis and invest it in your choice of funds offered by the different programs. You can participate in one or both plans and contribute up to the maximum limit allowed for each type of plan (For example: Up to $15,500 in a 403b and up to $15,500 in a 457 plan, for a total of $31,000 in 2007 and 2008):

Year Base Amount Catch-up
(50 yrs or older)		 Total
2004 $13,000 $3,000 $16,000
2005 $14,000 $4,000 $18,000
2006 $15,000 $5,000 $20,000
2007 $15,500 $5,000 $20,500
2008 $15,500 $5,000 $20,500

Employees that are age 50 years and older can contribute an additional $5,000 in 2007 and 2008 for each type of plan under the Catch-up provision guidelines. (For example: Up to $20,500 in a 403b and up to $20,500 in a 457 plan, for a total of $41,000 in 2007 and 2008.)

Contact Info:

For more detailed information regarding TSA and Deferred Compensation Plans offered by our office and information on Catch-up provisions, please contact the following individuals:

403B:

Kim Baehr 6th Floor City Centre Bldg 636-4558

CalPERS 457 Plan:

Stella Hernandez - Payroll/HR 1st Floor 636-4325

Kern Schools Federal Credit Union (Deferred Compensation 457 Plan):

Financial Services Officer at any branch 833-7900


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