Tecumseh Local Schools

Retirement Savings Opportunity: The 403(b) Plan

We are pleased to offer all staff members the opportunity to participate in a 403(b) retirement account. Think of this as a "401(k) for the non-profit and educational sectors"—a powerful tool designed to help you build long-term financial security through easy, automated savings. By contributing to a 403(b), you can set aside a portion of your salary toward your future retirement while enjoying significant tax advantages today.

Why Consider a 403(b)?

• Tax Advantages: Contributions are typically made "pre-tax," meaning the money is taken out of your paycheck before taxes are calculated. This lowers your current taxable income, putting more of your money to work for you.

• Automatic Savings: Contributions are deducted directly from your payroll, making it easy to "set it and forget it."

• Tax-Deferred Growth: You won’t pay taxes on the interest or investment earnings in your account until you begin making withdrawals in retirement.

• Flexibility: You can generally choose how much to contribute (within IRS limits) and select from a variety of investment options to suit your personal goals.

For more information please see the documentation below. If you have any questions please contact our payroll department at payroll@tecumsehlocal.org

NOTE: Only investment providers approved by Tecumseh Local Schools can be used.

Approved Investment Providers       Online Salary Reduction Agreement