State of Alaska Division of Retirement and Benefits
Benefit-eligible classified employees participate in thePublic Employees' Retirement System (PERS). Benefit-eligible certified employees participate in theTeacher Retirement System (TRS). For additional information concerning both PERS and TRS plans, please visit theState of Alaska Division of Retirement and Benefits website or call 1-800-821-2251.
Typically, twice a year the State of Alaska provides the district with an opportunity to receive an overview of the retirement process. This happens in the fall and spring. Watch the Benefits Bulletin for upcoming dates.
To change beneficiary information for your PERS/TRS benefit, visit theState of Alaska's websiteto access the appropriate form for the tier you participate in. Submit form to HR when it's complete.
The FNSB School District is pleased to recognize our 403(b) plan compliance service provider, The OMNI Group.
OMNI is a leading 403(b) Administrator and will assume the responsibility of ensuring the district, our employee participants, and each of our investment providers and their agents, adhere to the many compliance regulations issued by the IRS.
A 403(b) plan is a retirement plan for certain employees of public schools, tax-exempt organizations and ministers. Contributions are made under a Salary Reduction Agreement (SRA) with your employer. This agreement allows your employer to withhold money from your paycheck to be contributed directly into a 403(b) account for your benefit. Usually, you do not pay income tax on these contributions until you withdraw them from the account.
For more detailed information, please consult your financial advisor or visit the IRS website.
Have you thought about investing in a 403(b)? If so, here is ahypothetical chartthat lets you see how much you could earn over a period of time.
Salary Reduction Agreement Form
Use the Salary Reduction Agreement Form to begin or make a change to your election for future contribution amounts from your payroll check to a Tax Sheltered Annuity 403(b). You may alsocontact OMNI onlineor by phone at (877) 544-6664. Online transactions can be made once a participant has opened an account with a service provider. For more information on plan details and an approved service provider list for the FNSB School District, visitOMNI Plan Details.