Seminole County Public Schools

The Seminole County Public Schools currently offers 403(b) - TSA accounts to its employees. You may choose from several types of investment products for 403(b) accounts for your retirement savings. The different investment products listed below represent the majority of all account types currently available. The assistance of a professional representative can prove helpful in understanding how a particular investment product may be beneficial in achieving your accumulation goals and should suggest a plan (or combination of investment products) suitable to your risk tolerance. Note that each investment product has specific provisions and advantages associated with its use.

  • Standard Interest Annuity - This is the simplest form of retirement savings and is similar to a savings account.

  • Equity Index Annuity - Combines most of the characteristics of an interest annuity with the opportunity to participate in any positive returns realized in a stock market index.

  • Variable Annuity - Several investment alternatives are combined within these plans. The participant may select one or more investment accounts managed by the carrier or other various investment management companies.

  • Mutual Funds - Offered by investment management companies and brokerage firms. Participants may direct their contributions to various investment portfolios which are managed by the custodian or management company. 
For more information on contribution limits, see the "Calculations" section of our site.

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In addition to 403(b) retirement plans, Seminole County Public Schools offers 457(b) deferred compensation plans to its employees. These plans are available to certain tax-exempt and governmental employers. With the passage of the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA), contribution limits dramatically changed. For this year's contribution limits, please click here. These limits will gradually increase each year. In addition, 457(b) plans now have separate limits which are not reduced by employee contributions into either a 403(b) or 401(k) plan.

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401(a) Qualified Retirement Plan 
BENCOR Special Pay Plan 
The BENCOR Special Pay Plan is an IRC Section 401(a) qualified retirement plan that permits district employees to take maximum advantage of Federal tax laws by deferring Federal withholding taxes and permanently avoiding Social Security and Medicare taxes on eligible accumulated sick and annual leave payments. More information concerning this plan is available in your "Annual Retirement Benefits Guide." 



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