FICA Alternative Plan
(This plan only applies to substitute, temporary, and some part-time employees)
What is a 457 FICA Alternative Plan?
The 457 FICA Alternative Plan is a savings program for employees who are not eligible to participate in the State Employees’
Retirement System. These individuals are normally your part-time, seasonal, and temporary employees.
How much is contributed?
You contribute 7.5% of your wages on a pre-tax basis (for income tax purposes) instead of paying Social Security taxes that otherwise would be determined and paid by you on an after-tax basis. You will see your plan contribution amount reflected on your paycheck stub. Contributions are credited to an individual account in your name under the plan.
A 403(b) plan, also known as a tax-sheltered annuity, is a tax-advantaged retirement savings plan available for public education organizations. Contributions are made on a pre-tax basis and investment earnings grow tax deferred until withdrawal, assumed to be retirement.
Medical Group Numbers
ActiveCare 1-HD: 866325
ActiveCare Select: 866344
ActiveCare 2: 866343
Scott & White HMO: 008500
BIN #: 004336
PCN #: ADV
Group #: RX1296
We are excited to offer this valuable benefit to our employees, and encourage everyone to participate. Once you have established an account with a Vendor, please complete the Salary Reduction Agreement form indicating how much you would like to contribute. After that, please return it to the address or fax # provided on the bottom of the form and they will take care of the rest.