August 02, 2017 17:07 Updated Follow “Pre-tax” means you have the money taken out of your paycheck before taxes are applied. Learn more here. Related articles How do I make voluntary pre-tax contributions to my Annuity Savings Account? Am I allowed to make voluntary contributions to my PERF plan? Where can I find INPRS retirement plan fact sheets? Why are you changing payers to State Street Corporation? What's the difference between a TRF pension and an Annuity Savings Account?