No income taxes are paid until distribution is made.
Designated contributions are place in individual accounts or annuity contracts as elected.
The authorization does not imply any endorsement of company stability or of the products that are offered. Each of the companies on the list will, with a phone call, provide prospectuses and related company information. If you contribute to an Optional Retirement Plan, they will need the total amount of past retirement contributions. If you contribute to the Arizona State Retirement Plan or the Public Safety Retirement Plan, they will need your estimate of retirement income. The required data can be obtained from the Benefits section, Main Campus Human Resources Department.