Retirement Investors' Club (RIC) 403b Program

403b Basics

The Retirement Investors' Club (RIC) 403b Program (also known as TSA Tax-Sheltered Annuity) is an employer-sponsored voluntary retirement savings program. While you are participating in the 403b, salary reductions in the amount you choose are taken from your paycheck (before state and federal taxes) and deposited into a 403b account. Your RIC 403b contributions and earnings, are available at retirement to supplement your IPERS and Social Security income benefits.

Eligibility

Your eligibility to participate in the 403b program is determined by your employer. In many cases, employers do not have eligibility requirements for participation.

Check with your employer

If your employer has elected to offer a 403b Roth account, you may have the option to make after-tax salary reductions to the 403b in addition to your pretax contributions. IRS annual maximum contribution limits apply to the combined total contributions to your 403b and 403b Roth accounts.