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Welcome
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.
**UPCOMING RETIREMENT WORKSHOPS**
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We are holding retirement workshops at the
different San Diego County Office locations!
Please click on the 'Retirement Workshops' link
on the left for more information. |
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Supplemental retirement plans
account review
Are you
on track with your retirement?
It's time for your annual review of
your investments
Learn how STRS, PERS, and SSI coordinate your "GAP"
Call your District's Retirement Specialist to learn more.
The review is quick, easy, and complimentary!
Please
click on the 'Retirement Specialists' link to find your rep
2013
Contribution Limits Announced
The IRS has announced the cost-of-living
adjustments (COLAs) affecting the dollar limits for pension
plans and other retirement-related items for the 2013 tax year.
Many of the retirement and pension plan limitations have changed
due to the cost-of-living
index meeting the statutory thresholds that trigger the adjustment.
Among the changes, the 402(g) and 457 elective deferral contribution
limits for employees who participate in 403(b), 401(k), and
457(b) plans has
increased from $17,000 to $17,500. The catch-up contribution
limit for those age 50 and over remains unchanged at $5,500.
What does it mean:
403(b) base limit will be $17,500.00
457(b) base limit will be $17,500.00
On both the 403(b) and 457(b) plan – if you are
age 50 or older you may use the age factor of an additional
$5,500.00.
For more information, please
refer to the following link on the IRS website:
http://www.irs.gov/uac/2013-Pension-Plan-Limitations
Final 403(b)
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
here.
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