Retirement Savings Program
Tax-Sheltered Annuities
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All Oceanside Unified School District employees can participate in the Retirement Savings Program, regardless of their health insurance eligibility.
Plan Options
403(b) & 457(b) Plans
Tax-deferred retirement plans provided for employees of certain tax-exempt governmental organizations or public education institutes. Money used to invest in the plan is not taxed until the funds are withdrawn. The compounding interest on the TSA plan allows for the account to grow quicker than money saved in a taxable account where interest and earnings are taxed each year.
Roth 403(b)
Enables savings for a portion of the employee's income on an after-tax basis for a retirement account.
Enrollment
Step 1: Select an Approved Vendor
To enroll in a Tax-Sheltered Annuity (TSA) plan authorized for payroll contributions, you must choose a vendor approved by the San Diego County Office of Education's Fringe Benefits Consortium to set up an account.
District Representative - SDCOE - FBC
Call this number to to start!Participant Svcs: (833) 752-6322Email:FBCSupport@planmember.com
Step 2: Submit Salary Reduction Agreement
After you have an account established, complete an SRA online through the County's Third-Party Administrator website, pa.schoolsfirstfcu.org, to begin contributions.
For any questions regarding deferral limits, maximum contributions, Salary Reduction Agreement processing, or account access, please contact SchoolsFirst.
Online submissions are transmitted to OUSD the following business day.Paper submissions can take up to 5-business days to transmit to OUSD.
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Deferral Limit
Please refer to the SchoolsFirst FCU website for the calendar year's standard maximum deferral limit for each plan. There are additional provisions that may allow employees to contribute more than the standard maximum deferral amount.
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