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Employees may elect to
invest in tax sheltered annuities through payroll deductions.
No income tax is paid on amounts deferred until such time as they
are withdrawn. A booklet is
available in the Business Office containing an information request form
the employee can complete and mail to the Maine Technical College System
Office. A representative of
the selected carrier will contact the employee to discuss his/her plans.
The carriers are Aetna Life Insurance and Annuity Company,
Hartford Insurance Group, and Variable Annuity Life Insurance Company (VALIC). |
