Department of Human Resource Management

Benefits

2010-2011 Annual Enrollment Information Discount Prescription Plan
2010-2011 Dental Plans (Dearborn) VIRTUAL RETIREMENT FAIR
Retirement 2010-2011 Benefits Booklet
Long Term Disability and Long Term Care Flexible Spending Account: Gilsbar 2010-2011
Life Insurance 2010-2011 Vision Plan (Davis Vision)
Supplemental Retirement Information 2010-2011 Health Insurance
2009-2010 Dental Plans (Ameritas)  

 

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) Salary Reduction 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 Robertson    (800) 842-2006   mrobertson@tiaa-cref.org

MetLife:            David Paul                  (318) 212-8924   jdpaul@metlife.com

VALIC:             Steve Tucker              (318) 423-2232  steve.tucker@valic.com

 

Download .doc

403(b) Plan Document

 Attached is the plan document for the 403(b) plans.

Download .pdf

 

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.