Supplementing Your Retirement
All employees have the opportunity to supplement OPERS, STRS, or ARP retirement plans through voluntary contributions to a Supplemental Retirement Account (SRA). Ohio University offers a choice of companies with which you may enroll in a 403(b) tax deferred annuity or 457 deferred compensation plan.
A portion of your pay is allocated to be invested by your annuity provider. This amount is deducted before state and federal income taxes are applied. All of the earnings from the pre-taxed income accumulate tax-free. Tax-free investing allows you to accumulate income and earnings without paying taxes owed until the money is withdrawn. They are then taxed as ordinary income and the taxes are paid in the tax-year in which the withdrawal was made.
resources
