Guest krsdoo Posted April 30, 2003 Posted April 30, 2003 I am a teacher in the state of Kansas. Kansas offers KPERS a required defined-benefit retirement plan. Required member contribution is 4% of salary with a state match. I would like to contribute more. Am I eligable for a 403(b) plan as well since I have no control over my KPERS plan?
david rigby Posted April 30, 2003 Posted April 30, 2003 There is only one plan listed on the Kansas PERS website, http://www.kpers.org/index.html I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.
GBurns Posted April 30, 2003 Posted April 30, 2003 Most if not all public school districts in Kansas do offer a 403(b) program. Information is usually available from either HR or the Benefits Dept. Call and ask them for an enrollment package which would have the information, a salary reduction agreement and an Investment selection/provider list. You will then have to call a selected few for further info. You are most likely eligible to participate in a 403(b) plan. George D. Burns Cost Reduction Strategies Burns and Associates, Inc www.costreductionstrategies.com(under construction) www.employeebenefitsstrategies.com(under construction)
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