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KSU provides employees with the opportunity to save for retirement through the 403(b) and 457(b) Tax Deferred Annuity Plans (the “Plan”).  KSU would like you to know more about how you can participate in the Plan. Whether you want to enroll in the Plan, or you are already enrolled but wish to change the amount of your contribution, you can accomplish your goal by filling out the appropriate Salary Reduction Agreement.   This form and information on the Plan are available at http://hr.kennesaw.edu/benefits/voluntary-retirement-savings.php.


All full-time, part-time and temporary employees (with the exception of student workers) who receive compensation reportable on an IRS Form W-2 are eligible to participate in the plan at any time during their employment.

Please take a moment to review the plan information and website before enrolling.  Once you are enrolled, you can review and change the amount of your contributions and your retirement plan vendor allocations on a monthly basis.  The exact date your investment allocations will take effect may vary depending upon the policies of the financial service firm providing the investment options you chose as well as the current payroll cycle deadlines.

Also, please be aware that the law limits the amount you may defer under this and other plans in any tax year.  For 2016, the limit under each plan of this type is generally $18,000 although larger limits may apply if you are age 50 or over (additional $6,000).  Each participant only gets one limit for contributions to all 403(b) plans, so if you are also a participant in a 403(b) plan of another employer, your combined contributions to that plan and to the KSU 403(b) Plan in 2016 are generally limited to $18,000.  If you do participate in more than one 403(b) plan, you are responsible for tracking and reporting the amount of all of your contributions to the plans so that the total amount of all your contributions to all plans in which you participate do not exceed the limit.  For 2016, participants who also elect a 457(b) can contribute an additional $18,000 (with $6,000 catch-up for age 50+); however, total 457(b) participation is also limited to one maximum among all employers.

For further details, or if you have questions, please contact benefits@kennesaw.edu.