Supplemental Retirement Plans

403(b) and 457(b) Tax-deferred Annuities

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 log into Retirement Manager

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

Highlights

Contributions to either plan are deducted on a pre-tax basis and sent to the company on the employee's 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 to the IRS website at
IRC 403(b) Tax-Sheltered Annuity Plans or
IRC 457(b) Deferred Compensation Plans

Enrollment

Log into Retirement Manager to enroll.

Distributions from these plans

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.

U.S. Savings Bonds

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.