Supplemental Retirement Savings Plans

A supplemental retirement savings plan (defined contribution plan) allows you to set aside pre-tax dollars through convenient payroll deductions to save for retirement. You choose a percentage of your salary to be invested in mutual funds available you select inside the retirement plan. The amount you have at retirement depends on how much you as the employee save in the plan, how long you keep those funds invested, and how well your investments perform inside the plan.

Supplemental Retirement Savings Plans Available

Visit each page listed below to see which plan may best meet your needs.

• 403(b) for all FCPS employees. If you are eligible for the 457(b) program, you may participate in both plans.
• 457(b) for full-time and part-time salaried employees of FCPS.

Click here to see a side-by-side comparison of the 403(b) and the 457 plans.

Annual Contribution Limits

The IRS limits the annual contributions you can make to a 403(b) and 457(b) plan, and the limits may be adjusted each year according to the current IRS schedule. You can contribute the lesser of 100% of your taxable income up to the maximum amounts posted below.

Your election will be a percent of your pay each pay period so as you receive annual salary increases your savings rate will also grow. You can change how much you contribute monthly. You can stop contributing and restart at a later date.