Tennessee Technological University

Faculty Handbook


Tax Sheltered Annuities
Tax sheltered annuities are available to regular faculty and staff at Tennessee Technological University.
The following approved companies are currently selling tax sheltered annuities:
American Express Financial Advisors
American Funds Capital Analysts of Tennessee
Franklin Templeton Trust Company
Horace Mann Life Insurance Company
Metlife
Modern Woodmen of America
Nationwide Retirement Solutions
Northern Life Reliastar Service Center
Pioneering Services Corporation
Prudential Securities
Resource Trust
State Farm Life Insurance Company
Strong Funds
Tennessee Farmers Life Insurance Company
TIAA/CREF
USAA Annuity & Life Insurance Company
VALIC
Western Reserve Life
Tax sheltered annuities provide a retirement plan and a deferment of income tax on the amount contributed.

Christmas Savings

Any regular employee may elect to have Christmas savings deducted from his or her pay check. Several banks, savings and loan associations, and credit unions participate in this program. Deductions normally begin in November and end in October. The checks are issued by the banks directly to the participating employees.

Credit Union        url:  http://www.ttcu.org        http://www.fleetguardfcu.com/ASP/home.asp

Any regular employee may become a member of the Educators Credit Union, the Tennessee Teachers Credit Union, or the Fleetguard Credit Union and may participate in the payroll deduction program. Further information and forms are available in the Human Resources Office.

U.S. Government Bonds

Any regular employee may participate in the payroll savings plan. The necessary form can be obtained in the Human Resources Office.


 

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This page maintained by Carol Holley. Last Updated: September 12, 2003