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Human Resources

Tax Sheltered Annuities

Delta College offers all full and part-time employees (excluding student workers) the opportunity to participate in a Tax Deferred Annuity Program. A tax deferred annuity is an investment that allows you to supplement your retirement income by deferring a portion of your current salary. Monies deferred are invested in instruments of your choice (i.e. time certificates, stock, bonds, etc.). Monies deferred are not subject to income tax in the year of deferral, they are taxed when withdrawn from the program. You may initiate or amend your annuity contract at any time during the year.

To request a change or to initiate a new tax sheltered annuity deduction, please use the Delta College 403(b) Retirement Plan Salary Reduction Agreement for Elective Deferral. Do NOT submit this agreement unless you have established an account with the vendor under the Delta College 403(b) Retirement Plan. Submit completed agreements to the Finance Office, B-118. Allow up to two payroll periods for these changes to be reflected in your paycheck. Contact Jeanne Doyle in the Finance Office at 686-9390 if you have any questions regarding the Delta College 403(b) Tax Deferred Annuity Program.

The investment companies and their representatives who currently offer tax deferred annuities at Delta College are listed below.

Company

Representative

Telephone

Edward Jones / American Funds

Julie Johnston - Midland
Jeff Staudacher - Bay City
Matthew Doran - Midland

989-835-5806
989-891-0453
989-832-2951

AXA Advisors (Equitable)

Tim Beiser
Harmond Schaefer

989-686-4900
989-893-4521

Fidelity

Individual Counseling Division

800-343-0860

Lincoln National

Lisa O’Neil

866-420-2224

New York Life Insurance Company

Daniel Brazil
Rod Bieber

989-723-2256
989-791-1900

TIAA-CREF

Paul Rogers

Individual Counseling Division

734-332-3528

800-223-1200

Variable Annuity Life Insurance Company

John Gray

800-892-5558 ext. 87535


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