Voluntary Retirement Plans
403 (b) Traditional, Roth & 457(b) Deferred Plans
MCSD offers two different options of supplemental retirement savings plans, in addition to the state retirement plan known as Florida Retirement System (FRS), to all employees*.
1) Traditional Pre-Tax
The Martin County School District provides the opportunity for eligible employees* to make tax-sheltered investments through payroll deductions in accordance with Internal Revenue Code 403(b) & 457(b). You will not have to pay federal income tax on the money you invest until the money is withdrawn. This is a smart way to save money for retirement.
2) Roth Post-Tax
Roth plans allow you to invest funds from your salary on a post-tax basis. Your investments will grow tax-free and you will not have to pay any income tax on the investments or profits when the funds are withdrawn after you retire or otherwise qualify. Most of the vendors on this page also administer the Roth plans.
Please visit: TSACG for a complete listing of what program each vendor offers. For the processing of loans, transfers, and exchanges against your retirement account, click HERE.
These plans allow employee to:
Strengthen employee's financial future
Contribute through payroll deductions
Save for retirement with tax advantages
Take it with employee upon termination from MCSD
Visit the TSACG website for information on:
Video – an overview of the plans and FAQs
Approved investment providers
Exchanges or transfers
Enrollment
Distributions
Loans and rollovers
MCSD Approved Vendors for Voluntary Retirement
Online Distribution System
TSA Consulting Group Newsletter
Martin County School District continually strives to offer and educate staff about our unique and advantageous benefits. One such benefit is our elective retirement savings plan(s) that employees can utilize to help provide financial security at retirement. In order to ensure you receive information about this benefit, we are pleased to provide you with a newsletter that has been prepared by the compliance administrator for our plan(s), TSA Consulting Group, Inc. (TSACG). In addition to providing information about our plan(s), TSACG also offers a Financial Wellness website that covers areas such as managing personal finances, college funding options, and how to navigate Social Security when the time comes. You will find calculators, videos, and informative content on various topics to help guide you in your planning process.
TSA Consulting Group Newsletter
Additional Voluntary Retirement Plan Resources