Joliet Public Schools | District 86


Planning for Retirement


Teachers retirement system of the state of illinois

(800) 877-7896


Illinois Municipal Retirement System

(800) ASK-IMRF (1-800-275-4673)


403(b) and 457(b) PLANS


Joliet Public Schools District 86, (the “District”) offers a 403(b) and a 457(b) plan (the “Plan”).  All employees are eligible to participate in the 403(b)/457(b) plan.  The 403(b) Plan is administered by TSA Consulting Group (TSACG) and the 457(b) Plan is administered by The Voyager Group, LTD.

A 403(b) or 457(b) plan is a tax-deferred retirement program that permits an employee to reduce his or her compensation on a pre-tax basis and have the contribution deposited into a 403(b) and/or 457(b) account that the employee sets up with a 403(b)/457(b) vendor.  Amounts deposited into a 403(b)/457(b) account and any earnings on those contributions are generally not taxed until the employee makes a withdrawal from his or her account following separation from service with the District.

To enroll in the plan, an employee must establish an account with one of the approved vendors and complete the District’s salary reduction agreement form and the vendor’s application or enrollment form.  Employees may get the necessary forms and/or contact information for the 403(b) plan at and for the 457(b) plan by contacting The Voyager Group, Ltd  The contribution amount the employee designates in the salary reduction agreement form will continue unless it is modified or revoked in the future.

The District allows employees to start or stop their contribution, increase or decrease their contribution, or change from one authorized 403(b)/457(b) vendor to another upon request at the next available pay date (or as soon as administratively feasible as special rules apply to summer paychecks for 10 month contracted employees).

The contributions limit, set annually by the IRS, is $18,500 for 2018. Also, employees who are 50 years of age by the end of the year, may contribute an additional $6,000 in 2018.

The District maintains a list of approved 403(b) and 457(b) vendors, at for the 403(b) plan and for the 457(b) plan.  (Employees must establish an account wit one of these approved vendors before submitting a salary reduction agreement to start their pre-tax contributions.)

DISCLOSURE TO EMPLOYEES:  The District has no liability for any employee’s election to participate in the 403(b) or 457(b) plan, employee’s choice of vendor(s), or expected tax consequences resulting from participating in the 403(b) and/or 457(b) plan.  The District does not provide tax, legal or investment advice and recommends that employees seek advice from professionals who specialize in these areas.




IMRF’s Voluntary Additional Contribution (VAC) program is an easy way to help you save additional retirement income.

  • Limited to a maximum of 10% of your IMRF reportable earnings.
  • After tax, not tax-deferred.
  • A separate individual account consisting only of your contributions and any interest you earn on them. Employers do not make any contributions to your VAC account.
  • Accrue interest differently than traditional saving accounts.
  • Continue to earn interest for as long as they are left on deposit with IMRF.


Welcome to Joliet Public Schools District 86

Our schools, as partners with our children's parents and with the community, will create a safe and positive environment in which all students will learn and develop to their greatest potential. All students will be empowered to become lifelong learners, responsible citizens and caring members of their communities.

Join Our Mailing List

Sign up to receive our electronic
news sent directly to your e-mail!