If you'd like to review the most recent Federal Way iteration/draft of its 403(b) Plan Document that will govern 403(b) policies for Employees of Federal Way beginning 1/1/2009, you may do so here. Once the Plan Document is officially adopted by the Employer's Board, the "Draft - Not Effective" banner will be removed.
Federal Way sponsors a 457(b) Deferred Compensation Plan (DCP) in addition to its 403(b) Tax Sheltered Annuity (TSA) Plan. Federal Way employees are eligible to contribute to both plans, making it possible to essentially save double the amounts they could contribute to either plan separately, all the while deferring Federal and State income tax on the contributions.
However, Federal Way has elected not to have CCC provide administrative services with respect to the Employer's 457(b) Plan. Therefore, information about the Federal Way 457(b) Plan must be obtained from the Employer Office.
For a list of 403(b) Contribution Vendors for Federal Way Public Schools, along with additional Vendor information, please visit the List of Vendors page.