The Tax-Deferred Annuity (TDA) gives employers a way to make additional, pre-tax retirement contributions for their staff: TDA contributions can:

• Supplement an employee's other sources of retirement income
  
  
• Help pastors who live in parsonages build assets for housing in retirement—sometimes called an "equity" allowance
  
  
• Thank an employee with an extra bonus to reward extra effort, express appreciation or celebrate an anniversary or other event

TDA contributions can be as little as $50 a month. Members do not pay federal income taxes on these employer contributions or earning on the contributions until payments begin in retirement. At retirement, members may be in a lower tax bracket and may be eligible for other tax benefits.

TDA members can choose to invest 100% of their contributions in one or more of MMBB's investment funds. If no fund(s) choice is made, all contributions will be invested in the Balanced Fund, the most highly diversified fund of the options. Loans and withdrawals from TDA accounts may be available before retirement to eligible members.