The Fringe Benefits Consortium Deferred Compensation Program (FBC),
serving member districts in San Diego County, Riverside County, and
Imperial County, is a retirement program designed to help educators build
and grow their savings in order to achieve their retirement dreams. Select
About the Plan
to learn more.
ARE YOU ON TRACK TO REACH YOUR RETIREMENT GOALS?
find out, check out the On Your Side
Interactive Retirement Planner
by clicking on the link -
2015 Contribution Limits Announced
IRS has announced the cost-of-living adjustments (COLAs)
affecting the dollar limits for pension plans and other
retirement-related items for the 2015 tax year. The 402(g) and 457 elective deferral contribution
limits for employees who participate in 403(b), 401(k), and
457(b) plans has been set at $18,000. The catch-up
contribution limit for those age 50 and over has been set at $6,000.
For more information, please
refer to the following link on the IRS website:
Regulations Issued by IRS
On July 23, 2007
the Internal Revenue Service (IRS) issued final comprehensive
regulations governing 403(b) plans for the first time in 43 years.
The general effective date of the regulations is January 1,
2009--although the effective date of some portions of the
regulations is sooner. We are working with our partner,
National Benefit Services, LLC, to interpret the regulations and
assess the implications for the Program. A summary of the
regulations is available