403 B Retirement Annuity Program
As an employee of Southeastern Illinois College, you may have the option to participate in our 403(b) retirement Tax Sheltered Annuity Program. Your elective deferrals to the retirement annuity are tax deferred and the earnings on your retirement annuity are tax deferred.
To qualify to enroll in the plan you must normally work more than 20 hours a week, accumulate at least 1,000 hours in one year, and make the minimum annual deferral of $200.
Your elective deferrals are collected through payroll deductions and paid directly to your 403(b) provider.
If you’re interested in pursuing the matter further, visit the website of one of our approved 403(b) providers (listed below), complete a 403(b) application form and forward it to Sky Fowler in Human Resources. All 403(b) applications are then submitted to the Board of Trustees for approval.
Approved 403(b) providers
Variable Annuity Life
Modern Woodmen of America
Capital Bank & Trust (American Funds)
Jackson National Life