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403(B)/ TSA Plans

How Contributions To The Plan Are Made

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Your salary is reduced by the amount of annual contributions to which you agree. You will have to sign an agreement with your employer specifying the amount of money by which you want your salary to be reduced. 

The deduction will continue until you change the agreement with your employer. You can only change the agreement once a year. If you've already changed the amount you want your salary reduced by in any given year, you will be stuck with that decision for the rest of the year.

Also, even though your salary may have been "reduced," you will still have to pay Social Security taxes on the amount of the reduction. 


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