Benefit eligible Newton Public School employees can participate in the 403(b) Tax-Deferred Plan AND the City of Newton’s 457 Deferred Compensation Plan. You can choose to enroll in either one or both at the same time. This allows you to save even more money on a tax-deferred basis. By deferring compensation, you have the opportunity to lower your current income taxes and enjoy the advantage of tax-deferred compounding.
2022 calendar year contribution maximums:
Employees under the age of 50: $20,500
Employees over the age of 50: $27,000
Our 403(b) plans are managed by TSA Consulting Group. For assistance with rollovers, loans, hardship withdrawals, or other transactions, please visit
http://www.tsacg.com or call
1-888-796-3786. For a helpful guide to retirement accounts click
here.
To enroll in a new 403(b) account, please contact one of our approved providers to establish an account. Once your account has been established, a salary reduction agreement form from your provider must be submitted to the Office of Human Resources.
To make a change to a
403(b) account that has already been established with the Newton Public Schools, please use the form below.
Please note that this form cannot be used for initial enrollment.
403(b) Salary Reduction Agreement
For more information or to participate in a 457 account, please contact one of our approved providers:
Mission Square (formerly ICMA Retirement Corp)
Matthew O'Brien
Phone 617-910-6446
Email: matt@kriegergrp.com
Brady Cowling
Phone 860-416-0742
Email: brady.cowling@voyafa.com
Ernie Krieger
Phone 781-796-9861
Email: ernie@kriegergrp.com
To enroll in a Voya 457 plan online, go to
enroll.voya.com and enter plan number VF3012, verification code 061516
To enroll in or make a change to, a 457 account, please use the form below. Please make sure that your new 457 account is established through the provider prior to submitting an enrollment form to Human Resources.
