Faculty and staff may voluntarily contribute to a 403(b) account and/or a 457(b) account.
Employees have the option to save for retirement by participating in Letchworth Central School District's 403(b) plan, also known as a tax-sheltered annuity (TSA) plan, administered by The Omni Group. A 403(b) is a supplemental retirement plan which provides an opportunity to save money from each paycheck on a pre-tax basis while allowing the money to grow tax-deferred until retirement. For more information, the Universal Availability Notice is posted below. To participate, employees must complete the Salary Reduction Agreement online or fill out the paper version below. For more information, contact Wendy Hoffman in the Business Office or contact Omni directly at (877) 544-6664.
The District 457(b) plan is administered through the NYS Deferred Compensation Plan (NYSDCP)