Florida State University offers all employees (A&P, Faculty, USPS and OPS) the opportunity to participate in a Roth 403(b) plan. This plan allows participants to pay taxes on contributions now, but receive qualified withdrawals (including earnings) tax-free at retirement. Contributing to a Roth 403(b) is voluntary. All contributions are made through payroll deduction on a post-tax basis and are forwarded to a participating investment company where they are invested per the participating employee's instructions.
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If you have not already done so, please contact one of the investment companies (listed above) to create a new Roth 403(b) account. New or existing contributions can be started/stopped/changed at any time through the Online Roth 403(b) Salary Reduction Agreement form.
Participants are permitted to make voluntary contributions of $10 bi-weekly, up to the annual IRS limits (based on age of the participant) to 403(b) plans. For the 2018 calendar year, the limits are as follows: