Savings Plans
403(b) Tax Sheltered Annuities
The Pittsfield Public Schools is pleased to offer 403(b) tax sheltered annuities to eligible school department employees.
Effective January 1, 2009, please contact MidAmerica regarding any questions you may have regarding your 403(b) Plan. All plan-related transactions (other than investment decisions) must now be validated by MidAmerica. These include all distributions, hardships, loans, and processing of salary reduction agreements, which must be validated before they may be set up with payroll and your contributions sent to your vendor.
Click here for the Pittsfield Public Schools page on the MidAmerica website, where you can download the Employee Notice, Plan Highlights and the Salary Reduction Agreement.
If you have any plan-related questions or need to request forms please contact MidAmerica’s toll-free number at (866) 873-4240, or contact them by mail at the following address:
MidAmerica Administrative & Retirement Solutions, Inc.
211 E Main Street, Suite 100 Lakeland, FL 33801
Toll free (866) 873-4240 Fax: (863) 688-4200
www.midamerica.biz
529 Plans
529 Plans are a tax-advantaged way to save money for future college or career training costs. Investors may use the funds themselves or for a family member.
Several investment companies are offering reduced fees on 529 Plans to any Pittsfield Public Schools employees. Employees invest directly with the funds and not through a payroll deduction. For more information contact the companies listed below.
This notice is to provide general information regarding a benefit to school employees. The Pittsfield Public Schools is not endorsing any particular investment vehicle or company. Employees should consult with their own financial, tax, or legal advisor as to whether they should contribute to any investment plan.