Additional Retirement Savings Plans

OBRA / 457
You may choose to contribute additional earnings toward retirement above & beyond your required retirement contributions.

How: Your Plan Highlights - FAQ

403(b)
The University's Tax-Deferred Annuity (TDA) Plan provides a unique savings opportunity that is available to University of Massachusetts employees. The Plan operates under Section 403(b) of the Internal Revenue Code.

Your contributions to the plan are made through payroll reduction, making regular savings easy for you. The payroll system reduces your pay by the amount of your contribution before it applies federal income taxes to your check. There is no contribution from the University.

Your contribution is sent directly to the plan carrier of your choice where it will be invested according to your instructions. Your plan carrier will maintain an account that you own. You will direct how the carrier manages your investments.

For questions and forms related to the 403(b) program: Treasurer's website