Pasco County Schools offers three convenient ways to save for retirement: two pre-tax options (a traditional 403(b) and 457(b) plan), and an after-tax option (a Roth 403(b)). Contributions are made by the employee through payroll deductions on either a pre-tax or after-tax basis. 

• 403(b): a tax-sheltered annuity plan, is a retirement plan for certain employees of public schools and tax-exempt organizations. The employee can contribute to a 403(b) plan before paying income tax on their current salary and contributions grow tax-deferred until they withdraw the money out of the plan. 
• 457(b): a tax-advantaged deferred compensation retirement plan that is available for governmental and certain nongovernmental employers. An employee in this plan defers portions of their current salary into the 457(b) plan on a pre-tax basis. This plan operates like a 403(b) plan, but the difference with this plan is that there is no 10% penalty for withdrawal before the age of 59 1/2. Withdrawals are subject to ordinary income taxation. 
• Roth 403(b): a tax-advantaged retirement savings plan for employees of public schools and tax-exempt organizations. The employee can contribute after-tax dollars and withdraw tax-free dollars from their account when they retire if the withdrawals meet qualified distribution rules. If the employee meets the qualified distribution rules, then they are not required to pay federal income tax.  

2025 Plan Comparison Chart for the Retirement Savings Program

Maximum Allowable Contribution Limits for 2025

List of Retirement Agents for Authorized Providers

Click here for 10 questions you should be asking when selecting the right financial advisor. 

We utilize OMNI & TSA Consulting Group, Inc. as our third-party administrator for our Tax-Sheltered Annuities (TSA), which specializes in providing administrative, consulting, and IRS compliance services for the retirement programs of public education employers. TSA Consulting Group, Inc. can be reached at (888)796-3786.

Plan Participation Guide

2025 Meaningful Notice Plan

As our third-party administrator, all requests for distribution are done through TSA Consulting group and your 403(b) providers. To start the process, you can utilize this link to initiate your request: Online Salary Reduction Agreement System.

There are many benefits to the new SRA process:

• Active employees visit https://sra.tsacg.com to access the online system.
• The system can be accessed 24 hours a day, 7 days a week.
• Active employees can start, change, or stop a 403(b) and/or 457(b) SRA at their convenience. 
• Active employees receive immediate online confirmation that their request has been submitted.
• Authorized Investment Provider Agents/Representatives can assist employees. 
• A list of authorized Investment Providers is available www.tsacg.com, as well as instructions for Salary Agreement Changes.

Click here for the step-by-step instructions.

Click here for the step-by-step instructions.

Click here to learn more about the Pension and Investment Plans through the Florida Retirement System (FRS).

Planning for retirement starts on your first day of employment. Making sure you are saving enough money for retirement is an important step that not many employees think about. Our Retirement Services team has partnered with Centsability to provide our employees with the knowledge they need regarding FRS and planning for retirement. Check out the March and April schedule below:

• FRS and Drop University: This virtual workshop is designed to provide essential information about the Florida Retirement System (FRS) Pension Plan and the FRS DROP Program. This workshop is a valuable opportunity for all employees to learn more about their retirement benefits and how to make the most of them. This workshop will be held on March 24^th and April 22^nd at 6 pm. Click here to register.
• FRS Investment Plan: The FRS Investment Plan is now the default option for new employees. Given the lack of guarantee in this plan for employees, it is increasingly more important to understand the pros and cons. This workshop will be held on March 25^th and April 21^st at 6 pm. Click here to register.
• DROP Participant University: This workshop is designed for those who are already in DROP and will provide guidance on the pros and cons of each DROP distribution option. Additionally, we will review other important considerations to help retirees enjoy a long, financially secure retirement. This workshop will be held on March 26^th and April 23^rd at 6 pm. Click here to register.