Explore your plan

By deciding to plan and save for your retirement, you’ve made a decision you can feel good about. You've realized that a sound savings plan can help you achieve a more secure financial future.

Prince William County Schools 403(b) and 457(b) Retirement Plans

PWCS offers two voluntary supplemental retirement savings programs. To determine eligibility or learn about vesting schedule, maximum contributions, and more, view your  plan highlights  or your plan's  Summary Plan Description.

You can also choose to set aside additional money for retirement on an after-tax basis through a Roth 403(b) plan.

If you have questions, contact your  Lincoln Financial retirement consultant.

You'll thank yourself later

The sooner you start saving, the better. Once you decide to save for your retirement, the next step is to decide how much to save.  Check our retirement tools and calculators.

You'll start by deciding either a flat dollar amount or a percentage of your income you can save and then this amount will be automatically invested in your retirement account each pay period. But before you do that, it's important to educate yourself on general financial, investment and retirement information so you can make informed decisions.

Make the most of pretax and Roth contributions

Will you benefit most from saving for retirement on a pretax basis, after-tax or both?  Explore the differences between Roth and traditional contributions.

Note: Prior to January 1, 2003, PWCS  had the Multi-Fund® Variable Annuity option for their 403(b) plan. This product is no longer available. To transfer assets to the Lincoln Alliance® Program, please contact your Lincoln representative

Resources for your retirement needs

Annual contribution limits

Find out how much you could save for your retirement each year.

Social Security benefits

Learn how to apply for Social Security benefits online.

Understand your 457(b) plan

Learn more about this governmental plan for state or local employees.

Mutual funds in the Lincoln Alliance® program are sold by prospectus. An investor should carefully consider the investment objectives, risks, and charges and expenses of the investment company before investing. The prospectus and, if available, the summary prospectus contain this and other important information and should be read carefully before investing or sending money. Investment values will fluctuate with changes in market conditions, so that upon withdrawal, your investment may be worth more or less than the amount originally invested. Prospectuses for any of the mutual funds in the Lincoln Alliance® program are available at 800-234-3500.

The Lincoln Alliance® program includes certain services provided by Lincoln Financial Advisors Corp. (LFA), a broker-dealer (member FINRA, SIPC) and retail and financial planning affiliate of Lincoln Financial Group, 1301 S. Harrison St., Fort Wayne, IN 46802. Account values are subject to fluctuation included loss of principal. Unaffiliated broker-dealers also may provide services to customers. Lincoln Investment Advisors Corporation (LIAC) is the investment management organization of Lincoln Financial Group.

Variable annuities are long-term investment products designed for retirement purposes and are subject to market fluctuation, investment risk, and possible loss of principal. Variable annuities contain both investment and insurance components, and have fees and charges, including mortality and expense, administrative, and advisory fees. Optional features are available for an additional charge. The annuity’s value fluctuates with the market value of the underlying investment options, and all assets accumulate tax-deferred. Withdrawals of earnings are taxable as ordinary income and, if taken prior to age 59½, may be subject to an additional 10% federal tax. Withdrawals will reduce the death benefit and cash surrender value.

Investors are advised to consider the investment objectives, risks, and charges and expenses of the variable annuity and its underlying investment options carefully before investing. The applicable variable annuity prospectus contains this and other important information about the variable annuity and its underlying investment options. Please call 800 4LINCOLN (800 454 6265) for a free prospectus. Read it carefully before investing or sending money. Products and features are subject to state availability.

Multi-Fund® variable annuities (contract numbers 18829, 18831, 25982, 28645, 28883, 30070-B, and state variations) are issued by The Lincoln National Life Insurance Company, Fort Wayne, IN, and distributed by Lincoln Financial Distributors, Inc., a broker-dealer. The Lincoln National Life Insurance Company does not solicit business in the state of New York, nor is it authorized to do so. Contractual obligations are subject to the claims-paying ability of The Lincoln National Life Insurance Company.

Some investment options may not be available in all states and your employer may restrict the availability of some investment options. The investment return and principal value of an investment will fluctuate so that when withdrawn from the contract it may be worth more or less than the original cost.

There is no additional tax-deferral benefit for an annuity contract purchased in an IRA or other tax-qualified plan. Not for use in New York.

This material is provided by The Lincoln National Life Insurance Company, Fort Wayne, IN, and, in New York, Lincoln Life & Annuity Company of New York, Syracuse, NY and their applicable affiliates (collectively referred to as “Lincoln”). This material is intended for general use with the public. Lincoln does not provide investment advice, and this material is not intended to provide investment advice. Lincoln has financial interests that are served by the sale of Lincoln programs, products and services.