• Retirement Savings Accounts

    Retirement Accounts

    The Social Security Administration (SSA) is no longer mailing an annual Social Security Statement to earners.  You can create a personal login for ‘mySocialSecurity’ at https://www.socialsecurity.gov/onlineservices/  or https://secure.ssa.gov/RIL/SiView.do  Any questions need to be referred to SSA: 1-800-772-1213. 

    The Teachers Retirement Association (TRA) mails an annual Statement of Account.  Review your personal data and earnings record.  Their web site is http://www.minnesotatra.org/ . Create your personal login called ‘myTRA’. Report differences to TRA: 651-296-2409. 

    The Public Employees Retirement Association (PERA) mails an annual Personal Benefit Statement.  Review your personal data and earnings record.  Their web site is http://www.mnpera.org. Create your personal login called ‘myPERA’. Report differences to PERA: 651-296-7460. 

    403(b)

    All employees are eligible to participate in the 403(b) plan. For additional information please review your contract language. The district offers several retirement savings account options:

    • TSA -Tax Sheltered Annuity 403(b) retirement plan, which is a pre-tax contribution. This contribution must be selected to receive the district match, if eligible.
    • ROTH – a 403(b) retirement plan which is not a pre-tax contribution.
    • DCP – Deferred Compensation Plan for retirement, which is a pre-tax contribution, or a ROTH which is not a pre-tax contribution. 

    Retirement Savings Salary Reduction Agreement403(b)TSA / DCP / ROTH

    Annual Limits

    The annual limits for retirement savings accounts are:

    • $19,000 for 403(b) Tax Shelter Annuity and 403(b)Roth, combined.
    • $19,000 for Deferred Compensation Plan Pre-tax and Roth, combined.
    • $6,000 Catch-up contributions for age 50 or over.

    Enrollment

    The Edina Public Schools ISD #273 has an approved list of vendors for 403 (b) services. The district recognizes that it is the employees' responsibility to make their own investment decisions.

    Additional Forms