Retirement Health Savings (RHS)
The RHSP is a mandatory benefit for all TPSA members and everyone will be enrolled in this Retirement Health Saving Plan. Please see TPSA Resolution 2022-120, page 17, (Section 4.3 B.) DEFERRED COMPENSATION. To avoid paying taxes, the Federal Tax rules stipulate that everyone in the group is in the plan. Therefore, you will have to plan ahead by either using, cashing out, or deferring your Sick/Vacation hours prior to separating or retiring to avoid utilizing the RHS Plan. Contact your Board members for more information or to request forms (please see attached for more information and frequently asked questions). NOTE: All new members must complete an enrollment form. In order to view your plan and set up your account, you need to create a log-in and password in the Mission Square website. On the website you will also be able to access all the forms necessary to manage your account.
If you have any questions regarding the TPSA RHS, please contact our Plan Specialist:
Mission Square Representative – CITY OF TORRANCE (TPSA) – RHS
Marcus Marshall
Mission Square Retirement Plans Specialist (202) 759-7203
Contact your Retirement Plans Specialist if you need assistance with:
- Enrolling in your plan
- Roll-ins to your Mission Square account
- Pre-retirement checkup
- Investment strategy and how much to save
- Distribution options
Access your account or contact MissionSquare Plan Services at (800) 669-7400, if you need assistance with:
- Account login or website resources
- Investment changes
- Withdrawals, contribution amounts, account maintenance and transactions
- Balance and quarterly statement inquiries
- Personal information updates
For more information on the TPSA RHS Plan: https://www.msqplanservices.org/myplan/803581