Helping school employees of San Diego County, Riverside County, and Imperial County save for retirement.

 

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Welcome

 

The Fringe Benefits Consortium Deferred Compensation Program (FBC), serving member districts in San Diego County, Riverside County, and Imperial County, is a retirement program designed to help educators build and grow their savings in order to achieve their retirement dreams.  Select About the Plan to learn more.

 

 

 

FBC Newsletter

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2017 Contribution Limits Announced

 The IRS has announced the cost-of-living adjustments (COLAs) affecting the dollar limits for pension plans and other retirement-related items for the 2017 tax year. The 402(g) and 457 elective deferral contribution limits for employees who participate in 403(b), 401(k), and 457(b) plans has been set at $18,000. The catch-up contribution limit for those age 50 and over has been set at $6,000.

For more information, please refer to the following link on the IRS website: http://www.irs.gov/Retirement-Plans/Limitations

 

 

Final 403(b) Regulations Issued by IRS

 

On July 23, 2007 the Internal Revenue Service (IRS) issued final comprehensive regulations governing 403(b) plans for the first time in 43 years.  The general effective date of the regulations is January 1, 2009--although the effective date of some portions of the regulations is sooner.  We are working with our partner, National Benefit Services, LLC, to interpret the regulations and assess the implications for the Program.  A summary of the regulations is available here.

 

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6401 Linda Vista Road, San Diego, CA 92111