General Overview

As an benefits eligible employee of The University of Texas at San Antonio, you are required and eligible to participate in the Retirement Programs offered by the University of Texas System.  These programs permit an employee to set aside a portion of his salary and defer Federal Income Taxation on payroll deferred deductions. Early withdrawal of these funds may be subject to an Early Withdrawal Penalty. See Publication 939 General Rule for Pensions and Annuities for more information.

University of Texas System provides three main retirement programs to UTSA employees.

 

1.  Teacher Retirement System (TRS) - Defined Retirement Plan, IRC 401(a). TRS is a traditional pension plan.

 

or

 

2.  Optional Retirement Program (ORP) - Defined Contribution Plan, IRC 401(b).  ORP is very similar to a 401(k) plan.

 

and

 

3.  UTSaver Voluntary Retirement Savings Programs

    Both UT Saver TSA and DCP plans allow any employees to voluntary contribute on a tax deferred basis additional funds for          retirement

 

     (a) UTSaver Tax Shelter Annuity (TSA), IRC 403(b)

 

     (b) UTSaver Deferred Compensation Plan (DCP), IRC 457(b)

 

Effective 1/1/2008, Employees leaving UT System employment can defer their unused annual leave payment into retirement savings if a UTSaver 457(b) Deferred Compensation Plan (DCP) account is established before leaving employment. You can defer any portion of your unused annual leave payment up to the 457(b) limit. For 2008, the 457(b) limit if you are under age 50 is $15,500. If you are age 50 or older, you can defer up to $20,500.

 

For more detailed information, visit the UT System Retirement Programs Web site.

 

	Overview of Plans
	Investment Options
	Approved Providers
	Manage Your Account
	Forms and Polices
	Retirement Newsletter