Yes. Roth (after-tax) contributions are available in both the 403(b) and 457(b) Supplemental Retirement Savings Plans. Eligible employees may choose to contribute to either or both plans, depending on their individual savings goals. 

Your plan provider (Corebridge or Empower) will display Roth (after-tax) and pre-tax contributions as separate sources or balances on your account statement and online dashboard.

Several options are available to help you understand how Roth contributions work and whether they’re right for you.

• Contact Your Plan Providers directly:  You can speak with a representative who can explain how Roth contributions work and answer your questions.
  • Corebridge Financial : 1-800-448-2542
    https://www.corebridgefinancial.com/rs/fcps
  • Empower Retirement :  877-449-3277
    https://fcps.empower-retirement.com
• Recorded Presentations: FCPS investment providers hosted informational sessions about Roth (after-tax) contributions and recordings are available. See  Roth Contributions .
• Online Roth calculators: Both Corebridge and Empower offer Roth contribution calculators and planning tools through their websites/participant dashboards.
• Consult a Financial or Tax Advisor: A financial planner or tax advisor can help you understand your taxes and can help you plan for retirement.

No. You do not need to open a separate account. Once you elect Roth (after-tax) contributions, Corebridge and/or Empower will automatically create a Roth source within your existing 403(b) and/or 457(b) account. Your pre-tax and Roth (after-tax) balances will appear as separate sources but remain part of the same account.

• Salary Reduction Agreements submitted to TSA Consulting Group (TSACG) by the 20th of the month take effect on the first day of the next month.
• Salary Reduction Agreements submitted on or after the 21st take effect on the first day of the following month.

Yes. You may start, stop, or change your Roth or pre-tax contribution amounts at any time by submitting a new Salary Reduction Agreement (SRA) through TSACG .

Yes. You may switch between Roth and pre-tax contributions as needed. However, once money is contributed as Roth, it remains designated as Roth and cannot be converted back to pre-tax.

1. Enroll with your new plan provider (Corebridge or Empower)
2. Submit a request online to move your 403(b) account from one FCPS-approved provider to another through TSA Consulting Group ( https://transaction.tsacg.com/index.php ). This serves as approval for the transfer of funds.
3. Important: If you wish to continue contributing to the FCPS 403(b) plan, submit a new Salary Reduction Agreement to direct future contributions to your new provider. 

An in-plan Roth conversion allows you to transfer money from your existing pre-tax 403(b) and/or 457(b) account into a Roth (after-tax) account.

Yes. Both the FCPS 403(b) and 457(b) plans allow in-plan Roth conversions. Eligibility depends on individual circumstances. Please consult directly with Corebridge Financial or Empower Retirement to confirm your eligibility.

Yes. You may convert part or all of your eligible pre-tax balance to Roth.

Yes. The amount you convert is treated as taxable income in the year of the conversion. This may increase your total taxable income and could affect your tax bracket, credits, or deductions.  You may wish to consult with a tax advisor before initiating an in-plan conversion.

No. An in-plan Roth conversion is not considered a withdrawal, so early-withdrawal penalties do not apply at the time of conversion.

No. Once money is converted to Roth, it cannot be changed back to pre-tax.  Roth conversions are permanent.

Corebridge Financial Corebridge requires participants to work with an investment advisor to complete an in-plan Roth conversion. If you do not already have an advisor, you may contact Corebridge directly or find an available Corebridge investment advisor.  

• Corebridge Financial : 1-800-448-2542
  https://www.corebridgefinancial.com/rs/fcps
  
  Find an advisor here:  Approved Providers

Empower Retirement You may initiate an in-plan Roth conversion by logging into your Empower Retirement account or by contacting Empower directly. 

• Empower Retirement :  877-449-3277
  https://fcps.empower-retirement.com

To make a qualified tax- and penalty-free withdrawal of Roth contributions and earnings, both of the following conditions must be met:

• The account has been established for at least five taxable years, and
• The withdrawal is made on or after age 59½, or as a result of disability or death.

Withdrawals that do not meet these conditions are considered nonqualified and may be subject to taxes and penalties.

Withdrawals that do not meet the requirements above are considered nonqualified withdrawals. These are treated as a proportionate return of both your Roth contributions and earnings. The portion that represents earnings is subject to ordinary income tax and may also be subject to a 10% federal penalty tax for early distributions. The portion that represents a return of Roth contributions is not taxable.

For more details, refer to  IRS Publication 571 or  IRS Publication 575 .

The five-year period begins on January 1 of the year you make your first Roth contribution to your FCPS 403(b) or 457(b) account—not on the specific date of your first contribution.

Example: If your first Roth contribution is deducted from your paycheck in February 2026, the five-year period starts on January 1, 2026. You will meet the five-year requirement on January 1, 2031, provided you are also age 59½ or older (or meet another qualifying event).

The five-year period applies separately to each employer’s plan. If you change employers, a new five-year period begins for your new Roth 403(b) or 457(b) account. However, if you transfer your FCPS Roth 403(b) and/or 457(b) account through a direct rollover to another employer’s Roth 403(b) or 457(b) plan, your original five-year start date may carry over.

To qualify for tax-free withdrawals, you must meet both of the following conditions:

1. Your Roth account has been open for at least five taxable years, and
2. You are age 59½ or older, disabled, or deceased (for beneficiaries).

For more information about Roth contribution rules, refer to  IRS Publication 571 (Tax-Sheltered Annuity Plans – 403(b) Plans).

No. If you leave FCPS before meeting the IRS qualifications for a tax-free withdrawal (age 59½ and at least five years since your first Roth contribution), you are not required to withdraw your balance. You may leave your balance in the FCPS 403(b) and/or 457(b) plan, or roll it into another eligible Roth account to preserve your tax benefits.

Yes. You can roll over your Roth 403(b) or 457(b) account to a Roth IRA or another employer’s Roth-qualified plan. The five-year rule may continue based on when your first Roth contribution was made, depending on IRS rollover rules.

For more details on Roth withdrawal rules, refer to  IRS Publication 571  or  IRS Publication 575 .