Texa$aver participants can defer unused annual leave payments to their 401(k) and/or 457 Plan account upon termination. The IRS allows deferred compensation plans to defer all or portions of their lump sum compensation that is paid within the 2 1/2 months following separation from service. Contact your HR or Payroll department before your last day of employment.

You can defer part or all of your unused annual leave payment to your Texa$aver account. If you do a partial deposit, you will receive a check for the remainder, which will be taxed. Maximum annual deferral limits apply.

No, you can only defer to a Texa$aver 401(k) or 457 Plan account.

Some higher education institutions allow you to defer annual leave to other deferred compensation programs. You can also defer your unused annual leave payment to a Texa$aver Plan account.