- December 2010 > Retirement Corner
The Internal Revenue Service announced that the deferral limits for 403(b) and 457(b) plans such as the UTSaver 403(b) Tax Sheltered Annuity and the UTSaver 457(b) Deferred Compensation plan would remain unchanged for 2011. Participants under 50 can contribute up to $16,500 for both the UTSaver TSA and UTSaver DCP, and those over 50 can contribute up to an additional $5,500 for a total of $22,000 into each plan.
Since the UTSaver TSA is subject to change depending on your personal circumstances, please make sure to contact your benefit office to determine your limit before enrolling online at https://www.myretirementmanager.com/?utsystem.
Do you have questions about your retirement savings options? Want to know what companies you can invest in as a UT employee or what mutual funds are available to you and how they’re doing? Now you can find out at one, easy to use location!
Introducing the new EDUCATE ME page! Watch education videos, look at mutual fund performances or find an investment agent to help you with your retirement planning needs, all on one site. Please visit http://www.utretirement.utsystem.edu/educate.htm and get started on your future today!
If you have a Benefits question, submit your question by replying to the “newsletter email” or by sending an email to firstname.lastname@example.org.
UT System Employee Benefits Web site: www.utsystem.edu/benefits/
UT System Retirement Programs Web site: www.utretirement.utsystem.edu
Your Local Benefits Office: www.utsystem.edu/benefits/contacts/#1