Retirement Investing Plans

TIAA-CREF: 1.800.842.2776

The University currently offers two voluntary, tax sheltered retirement saving plans to employees: Defined Contribution Retirement Plan and Tax-Deferred Annuity Plan.  Both plans are funded through the Teachers Insurance and Annuity Association College Retirement Equities Fund (TIAA CREF). Employees select amongst a wide choice of investment options for both plans. 

The Defined Contribution Retirement Plan has a percentage contribution from the University of an eligible employee's salary and requires a matching contribution from the employee of 5%.  Both the University and employee contributions are immediately vested.

The Tax-Deferred Annuity Plan allows an employee to contribute additional pre-tax dollars up to IRS limits.  An employee may enroll in this plan at anytime after employment with the University begins.  There are no employer contributions into this plan and all employee contributions are immediately vested.

An individual who has terminated employment with the University, either through retirement or for other reasons, will be granted complete control of accumulated funds, including transfer to other plans or cash surrender. (Distribution of these funds are governed by the IRS. Inappropriate cash out of these funds could result in excess taxes and penalties. Please contact TIAA-CREF at 1.800.842.2776 for information the concerning withdrawal option for the Retirement and SRA funds.)

On-Campus Seminars and Counseling

Periodically, TIAA-CREF offers on-campus Financial Education seminars and one-on-one counseling to faculty and staff that are designed to help you learn the essential information you need to plan for your financial future.   

TIAA CREF Statement on Market Volatility