CalPERS
For Information on a Voluntary Retirement Plan in addition to CalPERS, Visit OMNI:
What does U.S. OMNI do?
Your employer has hired U.S. OMNI to administer their 403 (b) plan in accordance with applicable IRS regulations.
What is a 403 (b) plan?
A 403(b) plan is a voluntary retirement plan offered by public schools and other tax-exempt organizations to their employees to help supplement employee retirement savings. 403(b) plans allow employees to set money aside in a special account and invest it for their retirement.
Contributions are made under a Salary Reduction Agreement (SRA) with your employer. This agreement allows your employer to withhold money from your paycheck to be contributed directly into a 403(b) account for your benefit. Usually, you do not pay income tax on these contributions until you withdraw them from the account.
To complete a Salary Reduction Agreement, click here