One of the most valuable employee benefits offered by the University System of Georgia is the option for you to save in a retirement plan that helps reduce your current taxes.
Many employees say there just isn’t any money left to save after they take care of current financial responsibilities. But there is a way to save before you spend: your workplace retirement plan. That’s because when you participate in a 403(b) or 457(b) plan, you make pretax contributions to your account by salary reduction. Your contributions are automatically set aside for your retirement before you even see your paycheck.
And the money you contribute is deducted before tax withholding is calculated—which reduces your taxable income and, thus, your current taxes. You can actually save for retirement with money that you’d otherwise be sending to the government as income taxes.
The University System of Georgia has selected Valic as a 403(b)/457(b) vendor and their contact information for Georgia Highlands is listed below:
VALIC – representative Steve Mink
Cell Phone 706.676.1208