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 403(b)--Salary Reduction Plan

 

As an employee of a school district you are eligible for a retirement savings plan which lets you save and invest for tomorrow--while you get a tax break today.

Your contributions to the plan comes out of your paycheck before federal income tax is withheld. As a result, you will pay less tax on your current income. Furthermore, you will not have to pay tax on your savings or any investment earnings until you make a withdrawal. 

For more information, contact the Payroll Office @ 253.571.1236.