Tax Deferred Annuity

Pension
Pension

Deferred Compensation - 457(b)
Information for the 457(b) plan, a Pre-Tax way for employees to save money toward their retirement available to faculaty, staff, and employees of Ball State University.

Tax Deferred Annuity - 403(b)

Employee elects an annual or per pay amount to contribute to a TDA within IRS guidelines from one of six companies (see related links) and the per pay amount selected is deducted from each check.
The deduction amount selected is a per pay deduction and is deducted in the following manner:
1. Bi-Weekly Staff/Service Employees – deduction will be taken from each regular check, 26 per year.
2. Bi-Weekly Dining Service 9 month Employees – deduction will be taken out of each regular check September through May, 20 per year.
3. Exempt/Faculty/Professional Fiscal Year Employees – deduction will be taken from each regular check, 12 per year.
4. Faculty/Professional Academic Year Employees – deduction will be taken from each regular check August through May, 10 per year.

IRS GUIDELINES

Year	402(g) Limit	Age 50 Catch-up
2004	$13,000	$3,000
2005	$14,000	$4,000
2006	$15,000	$5,000
2007	$15,500	$5,000
2008	$15,500	$5,000
2009	$16,500	$5,500