Los Angeles Unified School District

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 Deferred Compensation Retirement Plans
              

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403(b) Administrator
 


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457(b) Administrator

 888-796-3786

 

 844-525-2873 

 

The 403(b) and 457(b) voluntary deferred compensation plans are available to active employees.  They allow for the investment of pre-tax earnings, through automatic payroll deductions, to save for retirement. 

 

Any investment gains/losses are tax-deferred until withdrawn.  Contributions may also lower current income taxes.

        
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 403(b) Plan  457(b) Plan

10% early withdrawal federal tax penalty if not age 59½ regardless   of separation from service.

No 10% early withdrawal federal tax penalty after separation from service.
Withdrawals made prior to separation from service or prior to age 59½ can only be made due to financial hardship.   Withdrawals made prior to separation from service or prior to age 70½ can only be made in an unforeseeable emergency.
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