TWU BENEFITS

Tax Deferred Annuity 403(b)

and

Deferred Compensation 457

Maximums for 2004

The Tax Deferred Annuity (TDA) and the Deferred Compensation Plan (457) maximums increased this year and enables the employee to shelter up to 100% of gross annual income with a maximum of $13,000^*.

If you are currently contributing to a TDA and/or 457 and would like to increase the contribution amount, you need to complete the following and return all to the Office of Human Resources:

• 2004 MAC calculation

• ORP/TDA Purchase Agreement

If you are not currently contributing to a supplemental retirement program, but are interested in doing so, you can read more about the TDA and/or 457 plans, and how to enroll on the Tax Sheltered Income Programs page.

^*These amounts increase each year from 2002 to 2006 as follows:

            2002 = $11,000          with max for both being         $22,000

            2003 = $12,000          with max for both being         $24,000

            2004 = $13,000          with max for both being         $26,000

            2005 = $14,000          with max for both being         $28,000          

            2006 = $15,000          with max for both being         $30,000