INVESTMENT PLANS
At Framingham Public Schools, we're dedicated to helping our employees build a secure future. Whether you're interested in the 403(b) or 457 deferred compensation plan, we have the information you need. The 403(b) plan is designed for tax-exempt organizations, offering pre-tax contributions and tax-deferred growth. The 457 plan, available to government and certain non-profit employees, allows for pre-tax contributions and tax-deferred growth as well. Explore our website to learn more about these valuable retirement savings options.
457 Deferred Compensation Plan
This specialized retirement savings plan is available to government and certain non-profit employees. With a 457 plan, you can contribute a portion of your salary on a pre-tax basis, allowing for potential tax savings. The contributions grow tax-deferred, meaning they are not subject to taxes until withdrawn. This plan offers a convenient way to save for your future. Feel free to explore our website for more information on the benefits and features of the 457 Deferred Compensation Plan. And, if you have any questions, don't hesitate to ask me, Nova, your knowledgeable AI assistant.