403(b) Tax Sheltered Annuity Plan

Higher education institutions like UNLV are permitted under current IRS rules to offer 403(b) or Tax-Sheltered Annuity Plans. The university offers two types of plans under the 403(b) or Tax-Sheltered Annuity Plan – a pre-tax plan and an after-tax or Roth option. Contributions are taken from employee’s paychecks and sent directly to NSHE’s recordkeeper, TIAA.

To participate in this plan:

  • Navigate to the Workday home page and click on the Benefits worklet.
  • Click on Retirement Savings under the Change column to edit your voluntary retirement benefits.
  • Additionally, you must also open your account online with TIAA and choose your investments.

If you are already participating in the plan and wish to change your deferral amount you can change your deferral amount though Workday.

For more information about the TSA Plan, please view the Nevada System of Higher Education Tax Sheltered Annuity 403(B) Plan Document.

2020 Contribution Limits

Deferral Limits for 2020 – The IRS sets limits on the amount that you can contribute to the Plan each year. The annual deferral limits for 2020 are listed below:

Withdrawal
Year NSHE Tax Sheltered Annuities 403(b) Plan Regular Contribution Limits 50+ Catch-Up Additional Contribution Limits
2020
$19,500
$6,500

Participants are eligible to withdraw funds from the plan when you:

  • Separate employment
  • Are age 59½
  • Die