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Voluntary 457 Plan

The 457(b) Retirement Savings Plan is a retirement savings program that allows employees to voluntarily put money aside for retirement through payroll deduction. Contributions are made on a pre-tax basis to allow participants to save more dollars toward retirement. The program is permitted under Section 457(b) of the Internal Revenue Code. Contribution limits to a 457 plan are independent of other plan limits. This means an employee can contribute the maximum amounts to both a 403(b) and a 457 plan. The Retirement Savings Plan is offered through the North Texas School District Consortium to each participating district in the consortium through an inter-local agreement.

Voluntary 457(b) Retirement Savings Plan Provisions Information

For additional information, or to enroll: