FICA Alternative Benefit
This plan is an eligible deferred compensation infer Code Section 457b.
It was established for part-time employees who are not eligible for the Teacher Retirement System of Texas, and is intended as an alternative to Social Security contributions.
Part-time employees, who are receiving pension benefits from TRS, are not included. Contributions are made only by the employee.
Participants, who terminate their employment with ECISD, can withdraw or roll over their accounts.
Participants, who become full-time ECISD employees, can also withdraw or roll over accounts. Certain waiting periods and accounts balances may apply.
Participants are provided quarterly account statements. It is important that they maintain current demographic and beneficiary information.
Questions concerning statements, withdrawal or rollover should be address to:
Mid-America Administrative & Retirement Solutions, Inc.
3121 FICA Alternative (Premier) Plan
211 E. Main, Suite 100
Lakeland, Fl 33807-5666