Participating in a retirement savings/investment plan, offers an employee the opportunity to establish another retirement fund in which he or she can draw from at the time of retirement. The contributions made to this retirement savings plan are employee funded and are available through payroll reduction.
The School Board of Franklin County is a qualified tax-exempt organization covered under the Internal Revenue Code allowing you to accumulate money for your retirement in a special tax-sheltered plan, a Tax Sheltered Annuity.
This plan is in addition to your pension benefits under the Florida Retirement System. Social Security credits are not affected because they are determined by your gross earnings prior to your Tax Sheltered Annuity contributions.
It is never too late to start saving/investing for your future. Agents are available to meet with you at your convenience. They can provide you with free personal consultation and discuss your retirement goals. To obtain more information or a listing of participating vendors, visit the link below.