Tax Sheltered Annuity (TSA)

U.S. OMNI & TSACG Compliance Services - Tax Sheltered Annuity Third Party Administrator
Universal Availability Notice - 2024 (all employees are eligible to participate)

• Information regarding the PGCPS plan - video
• The tax sheltered annuity (TSA) plan is administered by U.S. OMNI&TSACG Compliance Services
• These are voluntary plans whereby all employees are eligible to enroll at any time by opening an account with a participating investment provider.
• All employees of the school system are allowed to contribute part of their wages toward retirement on a pre-taxed basis
• Employee voluntary contributions:
  • The maximum calendar year contribution is specified in the IRS Code 
  • Both traditional and Roth options are available
  • PGCPS does not contribute to the TSA plans
• Customer service 1-877-544-6664 or visit OMNI

About the Plan

• Educational Video
• List of Participating Investment Providers and Agent Contacts
• Plan Comparison 403(b) and 457(b)
• Plan Participation Guide
• Participant Distribution Information

Steps to open a Tax Sheltered Annuity (TSA) and set up automatic payroll deduction

1. Select a vendor(s) from the List of Approved Vendors
2. Contact the vendor(s) to open the account
3. Employees can choose a traditional and or Roth option
4. Complete the appropriate online Salary Reduction Agreement Form(s) 403(b) and/or 457(b)
5. If you need assistance completing the Salary Reduction Agreement please contact OMNI at 1-877-544-6664
6. If you believe you are eligible for the service based catch-up please complete the Service Based Catch-up Request Form and submit to OMNI for verification and approval

Hardship

• Contact OMNI&TSACG and your participating investment provider for assistance

OMNI Newsletters

• Winter 2023

Retirement

• Final Pay Plan - Resignation/Retirement
  • To withdraw or rollover incentive and/or Final Pay Plan payments, contact FPS at 844-788-3474