{"id":1011,"date":"2022-05-31T20:10:07","date_gmt":"2022-05-31T20:10:07","guid":{"rendered":"https:\/\/nshe.nevada.edu\/system-administration\/?page_id=1011"},"modified":"2026-03-12T16:00:46","modified_gmt":"2026-03-12T23:00:46","slug":"supplemental-403b-plan","status":"publish","type":"page","link":"https:\/\/nshe.nevada.edu\/system-administration\/departments\/finance\/retirement\/supplemental-403b-plan\/","title":{"rendered":"Supplemental 403(b) Plan"},"content":{"rendered":"\n

Plan History and Purpose<\/h2><\/div><\/div><\/div>
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The Supplemental 403(b) Plan was adopted by NSHE to provide employees with the opportunity to save more for retirement than they would otherwise be able to accumulate by participation in the mandatory plan alone (RPA for faculty and professional staff, PERS for classified staff, and the Medical Resident\/Postdoctoral Scholar plan for medical residents and postdoctoral scholars). Participation in the Supplemental 403(b) is open to all classes of employees, except students, and is strictly voluntary. NSHE does not match your contributions to the Plan.<\/p>\n\n<\/div><\/div>\n\n\n\n

How You Participate<\/h2><\/div><\/div><\/div>
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The Supplemental 403(b) is a voluntary plan that provides you with an opportunity to supplement your mandatory contributions to the RPA, the Medical Resident\/Postdoctoral Scholar Plan or PERS and to build a larger retirement nest egg than you would otherwise be able to build. You can contribute a percentage of your salary up to the maximum amount allowed by law. In 2026, the maximum allowable contribution is $24,500.\u00a0\u00a0Participants over the age of 50 can contribute an additional $8,000. NSHE does not match your contributions in this plan.<\/p>\n\n\n\n

You can contribute to the plan on a pre-tax or a post-tax basis. Your pre-tax contributions will be taxed when you take the money out of the plan. Post-tax contributions will come back to you untaxed when you take the money out of the plan.<\/p>\n\n\n\n

You can begin, resume, change, or discontinue your contributions to the Supplemental 403(b) through Workday.<\/a><\/p>\n\n\n\n

You choose how to invest your contributions. The amount of money available to you when you leave NSHE or retire will depend upon the performance of the investments you choose.  TIAA, NSHE\u2019s Retirement Program record keeper has professional investment counselors available to assist you in your investment deliberations.<\/p>\n\n\n\n

If you are considering participation in this voluntary plan, you may want to visit the TIAA<\/a> micro site for more information.<\/p>\n<\/div><\/div>\n\n\n\n

When You are Eligible to Receive Your Retirement Benefits<\/h2><\/div><\/div><\/div>
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You are eligible to receive the benefits you accumulate in this plan when you:<\/p>\n\n\n