Department of Human Resource Management

Benefits

2008 Annual Enrollment Information Life Insurance
Prospective Employee Benefits Overview Supplemental Retirement Information
Health Insurance Dental Plans
Retirement Discount Prescription Plan
2009 Annual Enrollment Information VIRTUAL RETIREMENT FAIR
Long Term Disability and Long Term Care Vision
Flexible Spending Account: Processworks 2008-2009 Flexible Spending Account: Gilsbar 2009-2010

 

Powerpoint on Supplemental Retirement

This training is designed to give you an overview on the 403(b) and 457(b) retirement savings accounts.

Download .pdf

LSU EZ-Enrollment Retirement Program 403(b)

 LSU System 403(b) Retirement Program

·         Lower fees that traditional 403(b) products

·         Simplified investment options

·         No minimum participation amount

·         Hands-on customer service from ING

Download .pdf

457(b) Deferred Comp Enrollment Form

 Use this form to participate in the 457(b) Deferred Comp Plan.

Download .pdf

403(b) Enrollment Form

Use this form to elect particpation in the 403(b) program.

Employees have two options for withholding additional funds for retirement.  Employees may elect to withhold a percentage or a flat amount.

 

Flat Amount Deduction:

  • Employee, with advice from a tax or investment professional elects an amount for the year
  • This amount is taken in equal increments from every regular payroll (18 for faculty, 24 for staff)
  • The amount does not change without completion of a new form and will not increase automatically

 Percentage Deduction:

  • Employees who choose this option must also determine their statutory limit, including all catch up provisions. You can find this information with your 403(b) vendor.
  • Employees choose a percentage of their earnings to withhold. This percentage is applied to every form of payment that is subject to LASERS/ TRSL/ORP/Social Security withholdings. This includes all additional compensation and summer school pay. It does not include payments made through the academic withholding program.
  • As employees earn more, their contributions increase automatically, not to exceed their statutory limit.
  • Percentage can be changed at any time.

If you do not already have a 403(b) account set up or need more information about your statutory limit, please contact one of our retirement vendors listed below.

           

ING:                 Donna D. Causey       (318) 469-1933  donna.causey@ingfa.com

TIAA CREF:    Matthew Robinson      (800) 842-2006   mrobertson@tiaa-cref.org

MetLife:            Ginger Rogers             (318) 212-8924   vrogers@metlife.com

VALIC:             Stephen Tucker           (318) 423-2232  stevetucker12@msn.com


Download .doc

 

Copyright © 2007.
All Rights Reserved. LSUS is an equal opportunity educator and employer. While every effort is made to ensure that this information is up-to-date and accurate, the statements found on this page are for informational purposes only.