Annuities available for purchase by certain non-profit and public education institutions in the United States for their employees under which the money used to purchase the annuity is not taxable as income until the annuity payments begin, usually at retirement.
An individual retirement plan available to teachers and hospital employees through which earnings accumulate tax deferred and contributions are tax deductible – also known as a 403(b) or TSA.
a good way to provide a stream of income for retirement
An employee designates an amount to be withheld from his or her paycheck. This amount is deducted prior to calculating taxes and as a result the employee receives the benefit of lowering his or her taxes.
Also known as a 403(b) plan, a TSA provides a tax shelter for 501(c)(3) tax exempt employers (which include public schools). Employers qualifying for a TSA may defer taxes on contributions to certain annuity contracts or custodial accounts.
An annuity program under which contributions reduce the taxable income of participating employees, and the benefits are not taxable until distributed.
An employer sponsored retirement savings program limited by law to employees of public educational organizations and certain nonprofit organizations.
A tax-exempt annuity usually only offered to employees of tax-exempt organizations such as hospitals, schools and some charities for example.