PERS & TRS
Benefit-eligible classified employees participate in the Public Employees' Retirement System (PERS). Benefit-eligible certified employees participate in the Teacher Retirement System (TRS). For additional information concerning both PERS and TRS plans, please visit the State of Alaska Division of Retirement and Benefits website or call 1-800-821-2251.
403(b) and 457(b) Plans
Similar to 401(k) plans, 403(b) and 457(b) plans allow you to contribute pre-tax money from your paycheck to your 403(b) or 457(b) plan to invest in certain investment products. These pre-tax contributions and their investment earnings will not be taxed until you withdraw the money, typically after you retire.
403(b) Contribution Limits - The limit on elective salary deferrals - the most an employee can contribute to a 403(b) account out of salary - is $20,500 in 2022 ($19,500 in 2020 and 2021). Employees who are aged 50 or over at the end of the calendar year can also make catch-up contributions of $6,500 in 2022, 2020, and 2021 ($6,000 in 2015 - 2019) beyond the basic limit on elective deferrals.
Employer matching varies with each negotiated agreement. Refer to your agreement for more information.
To enroll, employees must first open an account with a vendor. Visit the OMNI FNSBSD Provider page to view the list of vendors.
Next, employees need to complete the Salary Reduction Agreement (SRA) on the OMNI website. For information, call OMNI at (877)544-OMNI (6664).