403(b) education for K–12 employees

Retirement education for K–12 employees

Your Pension Can Provide Security. Your 403(b) Can Add Freedom and Flexibility.

Your pension is designed to provide monthly retirement income. A 403(b) allows you to build personal savings alongside it—giving you more options for when and how you use your retirement income.

Explore the Role of a 403(b) See How They Work Together

Two retirement resources

Two Sources. Different Roles. One Retirement Strategy.

One is determined by a formula. The other is built through your choices.

01

Pension: Income & Security

  • Your benefit is based on your service, salary history, retirement age, and plan formula
  • Designed to provide predictable monthly retirement income
  • May provide lifetime income based on the benefit option selected
  • Plan rules determine retirement eligibility and survivor options
  • The retirement system controls how your benefit is calculated
02

403(b): Savings & Flexibility

  • Personal savings you build alongside your pension
  • Contributions can adjust as your goals and circumstances change
  • Provides more choice in planning for retirement income and expenses
  • Can remain with you through career and employer changes
  • May leave a remaining account balance to your beneficiaries
Working Together

Your pension can provide the foundation. Your 403(b) can add personal savings and flexibility for the goals, expenses, and life decisions a pension formula cannot fully anticipate.

Start With the Right Questions

Two Questions Worth Exploring

If I Have a Pension, Why Would I Need a 403(b)?

Understand the different roles of formula-based income and personal retirement savings.

See the Pension and 403(b) Strategy

How Can a 403(b) Strengthen My Retirement Strategy?

Explore how personal savings can add more flexibility to your retirement planning.

Strengthen Your Retirement

Your Life Shapes the Plan

Your Pension Is Based on a Formula. Your Retirement Needs Are Based on Your Life.

Your pension benefit is calculated using a formula. Your retirement, however, is shaped by your expenses, family responsibilities, health care needs, desired timing, and the life you want to live.

A 403(b) can add personal savings and flexibility for the choices and goals a pension formula cannot fully anticipate.

Explore How a 403(b) May Fit

Practical Answers

Common 403(b) Questions

Get straightforward answers about contributions, taxes, employer changes, and how a 403(b) may work alongside your pension.

Find Answers to Your 403(b) Questions

A Conversation Can Add Context

Your Retirement Is Personal. Your Strategy Should Be Too.

Your pension, 403(b), career timeline, and retirement goals are personal. A conversation can help you understand how the pieces may fit together and identify the questions worth exploring next.

Request a Conversation