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Saving for
Retirement:
Plan ahead for a satisfactory retirement. Contribute
to a 403(b), and/or 457(b) account on a tax-free basis.
Set aside as much as $15,500 in 2008, plus an additional
$5,000 if you are age 50 or older by 12/31/08. For
more information consult your financial planner. If
you don't have a financial planner, you may use those
provided by San Diego County Schools Fringe Benefits
Consortium. For assistance, contact Heather Rogers at
619.368.3556 or by email at
rogersh@nationwide.com.
Palomar College now offers a Roth
403(b) plan.
The only Roth 403(b) vendor is the Fringe
Benefits Consortium. Investment options are outlined in the
forms packet on the page headed "Nationwide Enrollment
Form".
403(b)/Roth
403(b)/457(b) Plan Deferred Compensation Program
Forms Packet
(Please print forms; these cannot be completed online.)
Use the
Salary Reduction Agreement in the Forms Packet to begin, change
or
cancel your current contribution amount. Please note:
Forms must be received
by Human Resources on or before the last working day of the month
to be
effective in the next month's payroll.
For a complete list of approved vendors, go to
www.fbcretire.com,
click on
"Approved Vendor List". These vendors have
signed the necessary IRS-compliance
agreements and are considered approved for
Palomar College employees.
For more information about
benefits, please contact Lucy Nelson, Benefits
Specialist, at ext. 2889 or
lnelson@palomar.edu.
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Benefits - 403(b)/457 Savings Plans
