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Canby Employee Information

403(b) Tax Sheltered Annuity Plan (TSA)

As a benefit to its employees, Canby School District sponsors a supplemental, tax-advantaged, retirement savings program. Such plans are called 403(b) Plans or Tax Sheltered Annuity Plans or simply TSA Plans. Click Here to learn more.

Online Access

New and Current Participants

  • Employees and former employees of Canby may create an Online Account to monitor participation activities associated with the Canby 403(b) Plan.

  • CCC encourages you to establish an Online Account, which will allow you to review information about your participation in the Canby 403(b) Plan, including contributions to various vendors, account balances (if provided to CCC by vendors), and various transactions processed on your behalf by CCC (loans, hardship distributions, contract exchanges, plan-to-plan transfers, rollovers, required minimum distributions, etc.).

  • Click Here to create an Online Account.

Participants with Established Online Login Accounts

  • If you have already created a Online Login Account, Click Here or click the "Login" link in the upper-right-hand portion of this screen to login and access your account.

Step-By-Step Guidance

Which Optional Features Does the District Allow in its 403(b) Plan?

403(b) Optional features are either included in, or excluded from, the Plan, as specified below and as further described in the parenthetically referenced sections in the Plan Document for Canby School District 86. These options are listed here in abstract for convenient reference:

    Catch-ups under the Plan
  • 15 Years-of-Service Catch-up Elective Deferral Contributions: Yes
  • Age 50 Catch-up Elective Deferral Contributions: Yes
  • Contributions to the Plan
  • Direct Rollovers Into the Plan: Yes
  • Employer Contributions Allowed: Yes
  • Employer Post Severance Contributions Allowed: No
  • Exchanges Within the Plan: Yes
  • Roth Contributions: Yes
  • Other Plan Transactions
  • Hardship Distributions: Yes
  • In-service Distributions After Age 59-1/2: Yes
  • In-service Distributions From Rollover Accounts: Yes
  • Loans: Yes
  • Permissive Service Credit Transfers: Yes
  • Plan-to-Plan Transfers To the Plan: Yes
  • Plan-to-Plan Transfers From the Plan: Yes

Roth Contributions Available

Canby allows employees to make Roth 403(b) contributions to any Canby vendor that will accept such contributions. Roth contributions are deferred from paychecks to investment accounts on an after-tax basis, as opposed to Traditional 403(b) which are deferred on a pre-tax basis.

Please note: Roth 403(b) contributions can only be made to designated Roth 403(b) account. You may not send Roth contributions to an existing Traditional 403(b) (pre-tax) account. Roth 403(b) accounts are available from select vendors, please review the information listed on the Canby 403(b) Vendors page for vendors that show "403(b) Roth Account Available" after the vendor name where applicable, then follow the Enrollment Steps to begin participation.

CCC's Relationship with Canby

CCC serves as the third party administrator (TPA) of the 403(b) Tax-Sheltered Annuity Plan (TSA) for Canby on a contractual basis, which began on 11/1/1999. Canby is a Full-Service CCC Client. CCC is the primary point of contact for any questions concerning the Canby 403(b) Plan, please contact us with any questions.

Frequently Asked Questions by Employees

Please visit our 403(b) Frequently Asked Questions (FAQ) or 457(b) Frequently Asked Questions (FAQ) for additional information. For information concerning your Employer's plan, select your employer's link from the Information for Employees page.

Other Useful Links

Click on this link to review additional websites that CCC has found to be useful for various purposes. We welcome recommendations for additional websites to include on this Useful Links page. Learn More

 

Am I Eligible To Participate? How Much Can I Contribute?

Please review the Eligibility and Limits Announcement for a full description of the employees eligible to participate and the contribution limits that apply. Canby does not require any minimum monthly contribution amount.

How Do I Begin, Change, or Cancel Contributions?

Please review the 403(b) Enrollment Procedures for step-by-step instructions on how to start, change, and cancel contributions to the plan.

What Are My Investment Options?

Please visit the 403(b) List of Vendors page for the options offered under the Canby 403(b) plan. Click on the vendor names on the page to learn about product offerings and much more.

How do I choose a Vendor?

Generally speaking, vendors market their 403(b) investment products using one or more of the following approaches:

  • Agents Who Are Contracted Exclusively with the Vendor
  • Independent 403(b) Practitioners
  • Regional or Central Office Employees
  • Seminars, Meetings, and/or Brochure Distribution
  • Websites

Basic Information About Investment Products

Investment products for 403(b) plans may be broken down into the following investment types:

  • Fixed Annuities
  • Variable Annuities with a Fixed Account
  • Variable Annuities without a Fixed Account
  • 403(b)(7) Custodial Mutual Funds (No-Load)
  • 403(b)(7) Custodial Mutual Funds (Load)
  • 403(b)(7) Custodial Mutual Funds (Deferred Sales Charges)

Learn more about choosing an investment product.

403(b)Transaction Information

A transaction's availability may be limited by IRS guidelines, the optional features in the Canby Plan and/or the underlying investment contract. To learn more about the transactions (including definitions and qualifying events), including how to obtain authorization for a transaction, please click here.