Voluntary Retirement Plans

Florida State University offers all eligible employees the opportunity to participate in voluntary retirement plans. These retirement plans offer salaried and OPS employees the opportunity to save pre-tax and post-tax money for retirement, up to the IRS limit for each plan type.

Participation is voluntary and deposits are made through payroll deduction. Employees may enroll and make changes to contributions at any time.

Retirement Plan Eligibility

  Executive Service Faculty A&P USPS OPS
Voluntary Retirement Plans X X X X X

IRS 2022 Contribution Limit

Age Contribution Limit
< 50 $20,500
50 > $27,000

Florida Deferred Compensation 457 Plan

All FSU employees can participate in a Deferred Compensation 457 Plan. Enrollment is completed through one of the approved provider companies or through the Florida Deferred Compensation Office.

403(b) Savings Plan

All FSU employees can participate in a voluntary 403(b) Savings Plan. A 403(b) Savings Plan account allows participants to save money for retirement while reducing their income tax liability. Contributions are payroll deducted on a pre-tax basis and are forwarded to a participating investment company.

How do I enroll in a 403(b) Tax-Sheltered Annuity plan, or make changes to my contribution amount? If you have not already done so, please contact one of the investment companies to create a new 403(b) account. New or existing contributions can be started/stopped/changed at any time through the Online 403(b) Tax-Sheltered Annuity Salary Reduction Agreement Form.

Roth 403(b) Savings Plan

All FSU employees have the opportunity to participate in a Roth 403(b) plan. A Roth 403(b) account 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 and contributions are payroll deducted on a post-tax basis and are then forwarded to a participating investment company.

Enrollment is made directly with one of the investment companies. New or existing contributions can be started, stopped, or changed at any time by using the Online Roth 403(b) Salary Reduction Agreement form.

Hardship and Loan Requests

 

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