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An HR Glossary for HR Terms

Glossary of Human Resources Management and Employee Benefit Terms

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403(b)

What is 403(b)?

403(b) refers to Tax Sheltered Annuities. This is an annuity contract that is purchased under a qualified plan covering employees of an education institution designated under federal law. There are specific requirements in order to make sure the plan is qualified, which are also described by federal law.

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