403(b) Plan Tax Deferred Annuity
The 403(b) Plan is a voluntary (optional) supplemental retirement savings program offered under section 403(b) of the Internal Revenue Code and is called the Tax-Sheltered Annuity Plan ("TSA Plan").
The PPS 403(b) Plan is administered by PenServ. PPS offers the following types of 403(b) Plans for you to contribute to:
- Traditional (before-tax) 403(b) Plan; and
- Roth (after-tax) 403(b) Plan, subject to vendor acceptance of such contributions.
All contributions to the PPS 403(b) Plan are made by the employee. The District
does not contribute toward the 403(b) Plan and there is no Employer Match.
Eligibility to Participate
All employees are eligible to participate.
IRS 403(b) Plan Contribution Limits for 2025
- $23,500.00 applies to employees under Age 50 at the end of 2025
- $31,000.00 applies to employees age 50-59 or over 63 by the end of 2025
- $34,750.00 applies to employees age 60-63 by the end of 2025
- 403(b) Special 15 Years of Service Catch-up: Up to an additional $3,000***
*Note: Contributions to the plan above cannot exceed employees’ total compensation.
**Please contact PenServ to verify eligibility and limits available under Special Catch-up.
*NEW* The ’Age-Related Catch-up Limits’ above apply for the first time in 2025 as a result of the SECURE 2.0 Act. A new ’Catch-up Contributions Must Be Roth for Highly Compensated Participants’ requirement becomes effective in 2026.
Enrollment & Changes During the Calendar Year
To enroll or make changes online in PeopleSoft Employee Self-Service (ESS), follow the 403(b) Enrollment Procedures.
- You may enroll in the PPS 403(b) Plan at any time, subject to payroll deadlines.
- You may start, stop, increase, or decrease your contributions to the PPS 403(b) Plan at any time, subject to payroll deadlines.
Rollovers
You may be able to rollover retirement account(s) from previous employers into your PPS 403(b) Plan.
For more information on rollovers into the PPS 403(b) Plan, contact PenServ, the plan administrator for the PPS 403(b) Plan, at 800-849-4001 or by email at service@penserv.com
15 Years of Service Catch-up
Based on all three of the following qualifying factors being met:
1. Employee must have 15 Years or more of full time service with the PPS (this does not need to be consecutive, there may be gaps in service with the employer)
2. Employee must have deferred an average of less than $5,000.00 per full time service year during the employee's prior years of
3. Employee is subject to a $15,000.00 lifetime limit on the catch-up amounts
The max amount under this catch-up is $3,000,note that if an employee is closer than $3000 away from the thresholds in items 2 or 3 above, the amount of the catch-up (if eligible at all) may be less than the full $3,000.
To request the 15 year of service catch-up, contact PenServ to verify eligibility at 800-849-4001 or by email at service@penserv.com
Contact PenServ
PenServ can provide you with additional information on the PPS 403(b) Plan and answer any 403(b) questions you have specific to your situation.
Phone: 800-849-4001
Email: service@penserv.com
PeopleSoft ESS Login Issues
If you experience any issues logging into PeopleSoft Employee Self-Service (ESS), on-site or off-site, please contact the PPS IT Service Desk at 503-916-3375.
403(b) Technical Issues in PeopleSoft ESS
If you experience any technical issues enrolling or making changes to your 403(b) Plan contribution in PeopleSoft Employee Self-Service (ESS), please contact the PPS Benefits Team at benefits@pps.net.
PenServ
PenServ
Customer Service Support:
Phone (800) 849-4001
Email service@penserv.com
Submitting Requests via Fax:
Fax (803) 791-5925
Submitting Requests via Mail:
PenServ Plan Services, Inc.
102 Trade Zone Drive
West Columbia, SC 29170
Quicklinks
403(b) Plan Announcement