Tax Sheltered Annuity Program
Salary Reduction Agreement
An employee may elect to participate in the tax sheltered annuity program with the Dallas County Community College District and is required to complete a TSA Form 1 (pdf) and again when:
- you make a selection of a different carrier;
- you make a change in the dollar amount of deposit; or
- you re-start participation after stopping your deposits for at least one
payroll period. |
The amounts reflected on this form must be confirmed by completion of a DCCCD Maximum Exclusion Allowance (ORP or TRS participant). An MEA must be attached to this form as submitted. Original signatures are required by all parties referenced, and the carrier representative must be one who appears on the approved list for the current month.
Tax Sheltered Annuity Program
Annuity Contract Exchange
When an employee wishes to transfer previously deposited tax sheltered annuity dollars from one authorized carrier to another. This can occur at any time following deposit of those dollars via a DCCCD payroll deduction. Upon completion, the employee is responsible for delivering the TSA Form 2 (pdf) to the location HR office. The location HR office may keep a file copy prior to forwarding the form to the District Human Resources Office for processing. The District Human Resources Office will log the request and contact the authorized carrier holding the funds to be transferred with necessary instructions. Dollars to be moved as a result of this form do not have to be routed through the District, and can be transferred directly from company to company. Written confirmation of transfer is required from the receiving carrier. Original signatures are required by all parties referenced, and the carrier representative must be one who appears on the approved list for the current month.