Tax Sheltered Annuity Program 403(b)

Tax Sheltered Annuity Program 403 (b):

The BCPSS has seven authorized carriers who participate in offering tax sheltered annuity plans. Tax sheltered or deferred programs - 403 (b) under federal law allow employees to set aside a portion of their income on a pre-tax basis. Section 403 (b) of the Federal Tax Code permits an individual to save under the plan on a favorable basis. The savings results from the reduction of gross taxable income, the tax-deferred growth of savings, and the accrual of savings through payroll deduction. Authorized tax sheltered companies include:

• ING - 410-964-0964 or 1-800-525-4225
• New York Life - 410-321-6161
• Lincoln Financial Advisor - 410-339-6624
• Franklin Life - 1-800-442-2688
• VALIC - 410-424-1800 or 1-800-448-2542
• MetLife - 443-285-0955
• Travelers - 443-285-0955
  

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