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). Participants select amongst a wide choice of investment options for both plans. Note: These plans are subject to the discretion of the University to modify, add or eliminate at any time. 

The Defined Contribution Retirement Plan allows eligible employees to contribution pre-tax dollars after meeting the required waiting period.  The 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.  The 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 is 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 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.   Link to TIAA CREF to schedule a meeting or locate a seminar in your area.

TIAA CREF Statement on Market Volatility