Because CCS is a non-profit organization, the IRS allows CCS employees to place a portion of their pay in a Tax Sheltered Annuity Plan without paying current federal, state and city income taxes on the amount contributed. Full-time employees, and qualified part-time employees, are eligible to participate on the first of the month following thirty (30) days of employment. CCS contributes 3% of an employee\u2019s gross earnings per pay. Employees may choose to contribute a percentage of their pay on a pretax basis, up to IRS limitations. CCS offers numerous investment funds for employees to choose from. The CCS Tax Sheltered Annuity Plan is administered by TIAA\/CREF.<\/p>\n","protected":false},"excerpt":{"rendered":"
Because CCS is a non-profit organization, the IRS allows CCS employees to place a portion of their pay in a Tax Sheltered Annuity Plan without paying current federal, state and city income taxes on the amount contributed. Full-time employees, and qualified part-time employees, are eligible to participate on the first of the month following thirty … Continue reading “Tax Sheltered Annuity Plan (403b)”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"advgb_blocks_editor_width":"","advgb_blocks_columns_visual_guide":"","footnotes":""},"categories":[44,31],"tags":[],"class_list":["post-182","post","type-post","status-publish","format-standard","hentry","category-administrative-staff-benefits","category-employment-policies-and-procedures"],"author_meta":{"display_name":"ccswpadmin","author_link":"https:\/\/campus.collegeforcreativestudies.edu\/staff-handbook\/author\/ccswpadmin\/"},"featured_img":null,"coauthors":[],"tax_additional":{"categories":{"linked":["Administrative Staff Benefits<\/a>","Employment Policies and Procedures<\/a>"],"unlinked":["Administrative Staff Benefits<\/span>","Employment Policies and Procedures<\/span>"]}},"comment_count":"0","relative_dates":{"created":"Posted 7 years ago","modified":"Updated 2 years ago"},"absolute_dates":{"created":"Posted on March 22, 2019","modified":"Updated on September 23, 2024"},"absolute_dates_time":{"created":"Posted on March 22, 2019 5:40 pm","modified":"Updated on September 23, 2024 1:15 pm"},"featured_img_caption":"","series_order":"","_links":{"self":[{"href":"https:\/\/campus.collegeforcreativestudies.edu\/staff-handbook\/wp-json\/wp\/v2\/posts\/182","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/campus.collegeforcreativestudies.edu\/staff-handbook\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/campus.collegeforcreativestudies.edu\/staff-handbook\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/campus.collegeforcreativestudies.edu\/staff-handbook\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/campus.collegeforcreativestudies.edu\/staff-handbook\/wp-json\/wp\/v2\/comments?post=182"}],"version-history":[{"count":3,"href":"https:\/\/campus.collegeforcreativestudies.edu\/staff-handbook\/wp-json\/wp\/v2\/posts\/182\/revisions"}],"predecessor-version":[{"id":1682,"href":"https:\/\/campus.collegeforcreativestudies.edu\/staff-handbook\/wp-json\/wp\/v2\/posts\/182\/revisions\/1682"}],"wp:attachment":[{"href":"https:\/\/campus.collegeforcreativestudies.edu\/staff-handbook\/wp-json\/wp\/v2\/media?parent=182"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/campus.collegeforcreativestudies.edu\/staff-handbook\/wp-json\/wp\/v2\/categories?post=182"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/campus.collegeforcreativestudies.edu\/staff-handbook\/wp-json\/wp\/v2\/tags?post=182"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}