This is a plan called a 403(b) that is for retirement. It is offered by many different charities and public schools. This type of plan is similar to a 401(k) plan offered by different employers and maintained by a for profit company. Peoples who salary are contributed to a Roth account are taxed currently, but is tax free when it is distributed.
People who's distributions before -tax 403(b) account are taxed at regular income, occurs. People can take what is called tax-free withdrawls form their Roth 403(b) account and not have to receive penalties for withdrawl, only if the person has held the account for 5 years and reached age 59 and one half.
Annuity table, is a tool that is used to determing the current value of structured payments made in series. When people figure the present values of future payments of the annuity, this may be computed by using a financial software or calculator that has been created for that particular purpose.