AGO Opinion Topics: TAX DEFERRED ANNUITIES UNDER 403B INTERNAL REVENUE CODE

The department of Social and Health Services is not authorized to provide and pay for tax deferred annuities for those employees of the department eligible for such annuities pursuant to § 403(b) of the Internal Revenue Code;  however, those employees may be covered by the state deferred compensation program authorized by RCW 41.04.250-41.04.260.