Voluntary Retirement Plans

The University of South Florida offers two types of voluntary retirement accounts:

Tax Sheltered Annuities- 403(b): The University of South Florida offers all employees (Administration, Faculty, Staff and OPS) the opportunity to participate in tax sheltered annuities. This program offers employees the opportunity to save money for retirement while reducing their current income tax liability. Taxes on earnings and contributions are deferred until you receive them as income. Contributing to a tax sheltered annuity is voluntary. Contributions are made through payroll deduction and forwarded to a participating investment company.

Deferred Compensation (457): The State of Florida Deferred Compensation Program offers employees (Administration, Faculty, Staff and Temporary) the opportunity to save money for retirement while reducing their current income tax liability. Taxes on earnings and contributions are deferred until you receive them as income. Contributing to a State Deferred Compensation Plan is voluntary. Contributions are made through payroll deduction and forwarded to a participating investment company. Click here for the State Deferred Compensation website.

Enrollment and changes in contributions can be made at any time. Please select the plan name above for details on providers and how to enroll.