If your employer is a tax-exempt institution such as a hospital,university,or museum,then the salary reduction plan is called a Section 403(b)plan.

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A Section 403(b) plan is a retirement savings plan available to employees of tax-exempt organizations such as schools, hospitals, and religious groups, allowing them to save for retirement on a tax-deferred basis.

If Your Employer Is a Tax-Exempt Institution Such as a Hospital,university,or