Lynn works for a state university.In addition to her regular pension plan,Lynn established another retirement savings plan.She elected to have $5,000 of her salary withheld and contributed to a tax-sheltered annuity with an insurer.The type of plan that Lynn established is called a

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The tax-sheltered annuity plan that Lynn established with an insurer is a type of 403(b) plan, which is commonly offered to employees of educational and non-profit institutions.

Lynn Works for a State University