FICA Alternative Plan

The FICA Alternative Plan, administered by MetLife, is a 457(b) variable annuity plan for part-time employees in lieu of Social Security. Enrollment in the plan is mandatory.

The funds placed in this account are taken out of the paycheck on a before-tax basis, so you are not taxed on the gross amount. Funds remain tax sheltered until the time they are withdrawn by the participant, subject to the terms of the plan. Also, you can direct your investment choices in variable investment options offered by MetLife.

Make a Withdrawal from the Plan

Am I Eligible?

For MetLife FICA alternative plan participants to make a withdrawal from the plan, the participant must:

  • Be separated from the College
    and
  • Have notified their former supervisor with a termination date in the system
    or
    Have reached the age of 70 ½

How Do I Make a Withdrawal?

If you would like to make a withdrawal from the plan, please contact the MetLife Customer Service Center at 1-800-560-5001 (Monday through Friday between 9 a.m. and 6 p.m. EST) to obtain the withdrawal request forms Group # 6501007.

Once you have received them you must do the following:

  1. Complete the form with:
    • General Information
    • Reason for withdrawal
    • Amount and source of withdrawal
    • Payment instructions
    • Federal and state income tax withholding instructions
    • Participant/alternate payee statement signature date
    • Annuity or spousal consent

  2. Return the completed form to Beverly Tims:

The Employer Representative will obtain the plan administrator’s signature and fax the forms to MetLife at 1-877-549-5834 to complete the financial transaction on your behalf.

FICA Enrollment Forms

Forms below are PDF and will open in a new window.

 

Beverly Tims, Human Resources Specialist, Employee Relations, serves as the Employer Representative coordinating all retirement plan transactions.

Nancy Ball, Director of Employee Relations, maintains vendor relationships and oversees the retirement savings plans.

 

Contacts

Beverly Tims, Human Resources Specialist
817-515-5281
Fax: 817-515-0910
beverly.tims@tccd.edu

Nancy Ball, Director of Employee Relations
817-515-5247
Fax: 817-515-0908
nancy.ball@tccd.edu

 

 

Updated August 27, 2013

 

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