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PGCPS Home / Tax Sheltered Annuity (TSA)
  • Tax Sheltered Annuity (TSA)

    Tax Sheltered Annuity (TSA)

    U.S. OMNI - Third Party Administrator

    Winter Newsletter - Updated contribution rates for 2020

    Universal Availability Notice - 2020 (all employees are eligible to participate)

    Enroll Now - Start or change your contributions

    *Plan Transactions - Online Forms- No account needed

     Tax Sheltered Annuity         403(b) Educational Video - NEW

    • 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 
        • 2020 403(b) limits
        • 2020 457(b) limits
    • Various providers and investment options are available
    • May enroll at any time by completing a Salary Reduction Agreement Form (403(b) and/or 457(b))
    • Administered by U.S. OMNI (OMNI)
    • For more information call 1-877-544-6664 or visit OMNI

    About the Plan

    • Educational Video - NEW
    • Plan Administrator - U.S. OMNI Online
    • Plan Transactions - Online forms - No account needed
    • List of Approved Vendors
    • List of Local Agents   
    • Creating an account with OMNI Online

    IPX updates:
     
    The IPX platform is now available to PGCPS employees under a new name, FPS Group - Investment Provider Xchange, click here to go to the log in page.

    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. Complete the appropriate online Salary Reduction Agreement Form(s) 403(b) and/or 457(b)
    4. If you need assistance completing the Salary Reduction Agreement please contact OMNI at 1-877-544-6664
    5. 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

    Steps to cancel or change your automatic payroll contribution to a Tax Sheltered Annuity (TSA)

    • Complete the appropriate Salary Reduction Agreement Form(s) – 403(b) and/or 457(b)
      • To change a current contribution(s) amount, select "Recurring Contributions" in Part 3 of the Salary Reduction Agreement and enter all of the contributions you would like to make
      • To stop or cancel contributions, select "I do not wish to participate at this time" in Part 3 of the Salary Reduction Agreement
    • If you need assistance completing the Salary Reduction Agreement please contact OMNI at 1-877-544-6664

    Hardship

    Steps to request a Hardship Withdrawal from a 403(b) and/or 457(b) TSA

    • Complete and submit the following forms to OMNI
      • 403(b) Hardship Transaction Request Form
             Rules applicable to 403(b) Hardship Distributions
      • 457 Unforeseeable Emergency Distribution Form
             Rules applicable to 457(b) Unforeseeable Emergency
    • Contact your specific TSA vendor and complete any required forms

    Need Help?

    Contact OMNI with questions at 1-877-544-6664 or visit our website at OMNI

    Retirement

    • Final Pay Plan - Resignation/Retirement
      • To withdraw or rollover incentive and/or Final Pay Plan payments, complete one of the following forms:
        • Distribution Form
        • Rollover Form


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14201 School Lane
Upper Marlboro, MD 20772
301-952-6000
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