School employees have the right to make elective deferrals to the School Administrative Unit #24 403(b) Plan. Contributing to a 403(b) plan helps to ensure that they will have funds to provide themselves with an income during retirement. A 403(b) plan allows them to contribute a portion of their compensation on a pre-tax basis in order to save for their retirement. Contributions are made to the plan by payroll deduction. If school employees are already contributing to the 403(b) Plan, they may want to increase their deduction.
Details on available 403(b) programs can be found on the below attachment.
General information about the 403(b) program can be found in the below attachment.