Why is a 403(b) important? Pension Supplement NCPS teachers and administrators automatically participate in the Connecticut Teachers' Retirement System pension plan. Even the best pension won't fund 100% of retirement. A 403(b) can provide a savings supplement to your pension.   Lower Taxes Contributions to a 403(b) reduce taxable income while the earnings on the account grow tax-deferred until withdrawal (assumed to be at retirement). A $100 contribution will reduce federal income taxes by roughly $25 (assuming that the participant is in the 25 percent marginal tax bracket).   Eligibility Not all NCPS employees are eligible to participate in the Connecticut Teachers' Retirement System pension plan. However, all NCPS employees who work at least twenty hours a week are eligible to contribute to a 403(b).   next question    back to 403(b) questions view 457(b) questions    view investment questions					403(b) Vendor List 457(b) Vendor List Savings Calculator Savings Distribution Calculator 403(b) Questions 457(b) Questions Investment Questions District Contacts Daryl DiZenzo Payroll/Benefits Accountant 203.594.4016 Mike Lagas Business Manager 203.594.4014 more resources