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Welcome
The Tax Sheltered
Annuity Program of the State of Hawaii Department of Education is a
supplemental retirement savings program authorized by section
403(b) of the Internal Revenue Code. All DOE
employees are eligible to participate.
Through the
Program you may set aside a portion of your income for
retirement and invest it on a pre-tax basis. Generally,
the amount you invest, together with accumulated interest and
dividends, is not subject to federal or state taxation until it
is withdrawn (usually at retirement). Your investment
options include a range of fixed and variable
annuities through one or more
Authorized Investment Companies.
Participation in
the program is completely voluntary and is separate from the
State of Hawaii 457(b) Deferred Compensation Program.
This site is
designed to help you learn more about the TSA Program,
walk you through the enrollment process, and make changes to
your current participation.
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The IRS recently issued new comprehensive rules
governing 403(b) plans. As a result there have
been and will be changes to the Program.
Please check the
Program News
section for updates.
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Program participants, agents, and investment
providers may have questions regarding how the
Program is handling transfers and other
transactions under the new IRS regulations.
Please visit the Program News
and New 403(b) Regulations
pages for additional information.
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If you
are just getting started, we suggest reviewing the
About the Program
and
New Enrollment
sections.
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If you
would like to make a change to your current
participation, please visit the
Enrollment
Changes
page.
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If you
have questions, please visit the Frequently Asked
Questions page, contact the Department of Education,
Office of Human Resources, Employee Benefits Unit at
(808) 586-3245, or
contact the Program's third-party administrator at
(866) 439-2289 ext. 165.
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If you
will be or are already participating in the Program
but have not performed a Maximum Allowable
Contribution calculation yet this year, please do so
by visiting the
Forms
page. This will
help ensure that you do not exceed contribution
limitations set by the IRS.
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