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As a UNM employee, you have the option to contribute to tax-deferred annuities (TDAs).

These are designed to help you build extra savings by allowing you to reduce the current taxes and increase your earnings potential.
even small, regular contributions can make a substantial difference later in life.

For a complete list of participating companies in this program, please refer to the UNM Payroll website at

Please note that UNM does not endorse any of the companies listed nor has it evaluated their respective retirement plans.

Contributions to either plan are deducted on a pre-tax basis and sent to the company on the employees behalf.
The contributions are subject to the expenses, gains, or losses of the investment(s) chosen.
The contributions are also subject to annual IRS limits that change each calendar year.
Applicable federal and state taxes on these contributions are deferred until distributed to the employee either through refund or retirement.
For more information on 403(b) and 457(b) plans, please refer tothe IRS website at
http://www.irs.gov/retirement/article/0,,id=172430,00.html or
http://www.irs.gov/retirement/article/0,,id=172437,00.html

Contact the 403(b) or 457(b) provider to establish an account.
Set up payroll deduction amount through LoboWeb. You can change or cancel your deduction at any time. The Payroll department also has the salary reduction agreements available to pick up in their office and on their website.

Distributions from these plans prior to the eligible age of 59 1/2 are subject to a mandatory 20% withholding of federal taxes on refunds unless the funds are rolled over to another qualified retirement plan.
In the event of separation from UNM you may request a refund or rollover of all contributions made to the plan.
Contact the 403(b) or 457(b) provider directly to request directions on distribution.

Employees are eligible to have money deducted from their paychecks for U.S. Savings Bonds.
Bonds are a low-risk, liquid savings product.
While you own them, they earn interest and protect you from inflation.
For more information on the UNM Savings Bond program, contact the Payroll Department at 277-2353.