University of Pittsburgh. Your guide to the University of Pittsburgh Retirement Savings Plan updates

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "University of Pittsburgh. Your guide to the University of Pittsburgh Retirement Savings Plan updates"

Transcription

1 University of Pittsburgh Your guide to the University of Pittsburgh Retirement Savings Plan updates

2 This guide provides an overview of the updates to the Defined Contribution Program, which will now be referred to as the University of Pittsburgh Retirement Savings Plan. No action is required to continue your participation in the Retirement Savings Plan, but this may be a good time to review your savings goals and adjust your strategy as needed. Visit for online planning tools and other resources. The Non-Contributory Defined Benefit Plan ( pension plan ) is a separate and different plan administered for the University of Pittsburgh by a third-party vendor. During your career at the University of Pittsburgh, you may switch from the pension plan to the Retirement Savings Plan only once. If you decide to switch plans, please contact the Benefits Office directly Call or visit for more information.

3 Table of contents Plan updates coming soon... 4 Your investments... 8 Share class changes Additional investment options available TIAA-CREF is here to help University of Pittsburgh and TIAA-CREF Transition Q&A Appendix Contact information Call or visit for more information. 3

4 Plan updates coming soon Working with TIAA-CREF and Vanguard, the University of Pittsburgh is committed to offering you the services you need to pursue the retirement you want and deserve. Starting on February 9, 2015, important updates are coming to the University of Pittsburgh Retirement Savings Plan. Please note that these changes do not apply to the University s Non-Contributory Defined Benefit Plan ( pension plan ). Consolidated service provider same TIAA-CREF and Vanguard investments Starting February 9, 2015, the University of Pittsburgh will consolidate onto one recordkeeping system for all current TIAA-CREF and Vanguard investment options. TIAA-CREF will become the single service provider and will host this recordkeeping system for all University of Pittsburgh Retirement Savings Plan participants. It will now be easier for you to plan for retirement and manage your investments, as all of your TIAA-CREF and Vanguard investment options will reside in the same place. More convenience As a result of this change, managing your Retirement Savings Plan account will be more efficient. With a single service provider, you will find it easier to manage and monitor the progress of your retirement savings. Through the new single service provider arrangement, you will have: A single account statement that will include TIAA-CREF and Vanguard investments Online enrollment and fund selection Online asset transfer, making it easier to transfer between TIAA-CREF and Vanguard investment options Easy access to fund performance information to help decision making Retirement plan advice on all assets within the plans TIAA-CREF financial consultants will be able to provide advice on both TIAA-CREF and Vanguard assets that are recordkept on the TIAA-CREF platform 360 financial view with the ability to manage all University retirement assets and other savings in one place, including your current Vanguard investments and other personal retirement assets Lower fees on existing investments, plus new investment options More than half of the TIAA-CREF and Vanguard investment assets will automatically transfer to a lower-cost share class and reduce your investment expenses. If your funds are being offered at a lower-cost share class, that lower-cost share class will be applied so that you are immediately receiving cost savings from the new investment menu. See page 14 for more information on this share class change and how it can benefit you. Additionally, several new investment options will become available to plan participants. Please see page 15 for more information. 4 Call or visit for more information.

5 Plan updates coming soon, continued New online enrollment and account management system Also effective February 9, 2015, the University is introducing an enhanced and streamlined online experience through the University portal. With the new system, you will be able to complete all of the following account activities through the my.pitt.edu website: Enroll in the Retirement Savings Plan Manage your salary deferral contribution amounts Allocate your contribution amount among pre-tax, Roth and after-tax Choose or update your investments Transfer funds between TIAA-CREF and Vanguard investments Name or update your beneficiaries Update your personal profile (mailing address, , phone number, etc.) Update your delivery preferences Access financial planning tools You will use your current University of Pittsburgh user name and password to access this system. For log-on information, please visit Support for every step of your retirement journey Obtain personalized Retirement Savings Plan advice on all of the plan s investment options, including Vanguard options, from a trained TIAA-CREF financial consultant. TIAA-CREF s investment advice takes the form of specific asset allocation recommendations on mutual funds and annuities, which is provided by Ibbotson Associates, Inc., an independent thirdparty asset allocation provider. This service is available as part of your Retirement Savings Plan. 360 financial view Not only will you now have access to both TIAA-CREF and Vanguard funds on one system, but you can also use the 360 tool that gives you a complete view of your financial savings. This convenient tool gives you the ability to manage all of your other retirement assets, as well as other types of assets. You can obtain a complete picture of your finances, track your spending, set up alerts and create a budget. Additional flexibility for nonvested participants Even if you are not vested in the University of Pittsburgh Retirement Savings Plan, which means you do not own the University s matching contributions, you will now be able to direct the University s matching contributions across any of the TIAA CREF and Vanguard investment options. This new feature means you no longer have to wait until you have completed your three-year vesting period to allocate the University s matching contributions to Vanguard funds. In other words, if you are investing entirely with Vanguard, you will be able to invest the University s matching contributions in Vanguard funds during your vesting period. You can log on to my.pitt.edu using your University of Pittsburgh user name and password. Click Human Resources under the My Resources tab, then click Retirement Plan Access and the Manage Your Account tab to display options available to you. Call or visit for more information. 5

6 Plan updates coming soon, continued A new Retirement Choice account that will hold both TIAA-CREF and Vanguard investments As a part of the changes, new accounts (contracts) will be opened for all existing TIAA-CREF and Vanguard participants for contributions made after February 9, The new accounts are called Retirement Choice contracts. Your contributions, beginning February 9, 2015, will go into this new contract. Existing balances will remain where they are in your current contracts unless you decide to move them once the transition is complete. If you want to consolidate your University of Pittsburgh accounts, please call the University of Pittsburgh Retirement Plan Call Center at Please see the TIAA and CREF Annuity Contract Comparison Chart on page 22 for more information. Your contributions to the Supplemental plan Today, if you invest in the University of Pittsburgh unmatched supplemental plan, you can elect contribution amounts in a flat dollar amount or as a percentage of your salary. Using a percentage of salary for contributions better supports a robust savings plan, allowing for additional contributions with salary increases. Therefore, beginning February 9, 2015, only a percentage of your salary will be permitted as your contribution amount allowing for additional contributions with salary increases. If you are currently contributing a flat dollar amount, that amount will be converted to a percentage of your salary, and that percentage amount will be rounded up or down to the nearest two decimal places. For example, if you are currently contributing $100 per pay period and your monthly base salary is $3,000, your $100 contribution will be converted to 3.33%. With a percentage as your contribution amount, your retirement contributions follow changes in your salary. If you change this percentage in the future, please note only whole percentage contribution amounts will be available going forward. If you are affected by this conversion, you will receive a separate letter in the coming weeks with more information. Rounding rules for contribution amounts Your current percentage contribution amounts directed to the 403(b) plan will now be calculated to two decimal places for purposes of computing your contribution amount. For example, today if you are contributing 5% of your salary and that equals $ per pay period, that amount is rounded up to the next whole dollar amount of $111. Beginning February 9, 2015, your contribution amount will be exactly $110.86, which represents 5% of your salary. Here is what to expect: KEY DATES Beginning January 26, 2015 Week of January 26, 2015 EVENT On-site Transition Seminars and Drop-in Information Desks will begin. This will allow you to ask specific questions directly to a financial consultant. Please reference the enclosed Event Schedule for details. Welcome Package is sent to you that includes your new account information. Please review your investment options and beneficiary elections. If you have questions about these elections, please contact the Retirement Plan Call Center at January 31 through February 9, 2015 TIAA-CREF will perform a system upgrade between 11 p.m. (ET) on January 31, 2015, and 12 a.m. (ET) on February 9, In preparation of this upgrade, you will not be able to make a change in your salary deferral agreement during this period. 6 Call or visit for more information.

7 Plan updates coming soon, continued KEY DATES On or about February 4, 2015 February 9, 2015 On or about February 13, 2015 Week of February 16, 2015 Week of April 1, 2015 EVENT Blackout Period begins. During the Blackout Period, Vanguard participants will be restricted from changing investment choices, transferring funds and making withdrawals. See the Important Notice included in this package for details or reference it at Plan updates take effect. New online system becomes available. Blackout Period ends. You can access and update your entire retirement account. All TIAA-CREF future contributions and Vanguard funds will now show under your TIAA-CREF Retirement Choice account. TIAA-CREF Advice services become available for all participants. See page 16 for more information on this service. Single account statement available online or printed. Be prepared for the updates! 1. Be informed. Visit for information on the updates including a current schedule of on-site events. Review the new investment options (see the Investment Menu and Transfer Strategy insert) and any share class changes to your existing investments. Attend a Transition Seminar, webinar or view the online, narrated presentation. Visit the Drop-in Information Desk following a Transition Seminar to ask specific questions related to this transition. ONLINE To update your account online, go to my.pitt.edu. Be sure to review your new planning tools, Retirement Advisor and Retirement Income Planner. PHONE If you prefer, you can update your account by calling TIAA-CREF at , Monday through Friday, 8 a.m. to 10 p.m., or Saturday, 9 a.m. to 6 p.m. (ET). Once the transition is completed, you can schedule a One-on-One Advice Session with a TIAA-CREF financial consultant to review your options. You can receive personalized Retirement Savings Plan investment advice over the phone or in person. To schedule your session, call , Monday through Friday, 8 a.m. to 8 p.m. (ET). Or visit Review your beneficiary designation. 2. Take action. The updates will be effective on February 9, You can receive assistance updating your account by calling the Retirement Plan Call Center at Call or visit for more information. 7

8 Your investments If you are currently invested with TIAA-CREF only During the week of January 26, 2015, you will be automatically enrolled in a new TIAA-CREF Retirement Choice account and you will be sent a TIAA-CREF Welcome Package that includes your new account information. No action is required to continue your participation in the Retirement Savings Plan, but now may be a good time to review your savings goals and adjust your strategy as needed. Once you receive your Welcome Package, you can direct any future contributions to the new investment menu and update your beneficiary designation if you wish to make any changes. While your future contributions will be directed to the new Retirement Choice account, your existing balances will remain in your current contracts unless you decide to move them once the transition is complete. If you want to consolidate your University of Pittsburgh accounts, please call the University of Pittsburgh Retirement Plan Call Center at You should be aware there are some features of the new contracts that differ from your existing contracts (such as liquidity, interest rates and other considerations). Please make sure you understand those differences before you transfer any account balances to the new Retirement Choice account. Note that participants who no longer actively contribute to the plan will not be issued a new contract (i.e., retirees and terminated employees). Beginning January 31, 2015, future contributions will be redirected to the consolidated recordkeeping system. TIAA-CREF will perform a system upgrade between 11 p.m. (ET) on January 31, 2015, and 12 a.m. (ET) on February 9, You will not be able to make a change in your salary deferral agreement during this period. The deferral agreement includes the percentage you wish to contribute to the plan (including the election of the accelerated benefit and supplemental contributions), the mix of contributions between pre-tax, Roth and after-tax elections, and the split of the elections between Vanguard and TIAA-CREF. If you have questions or would like to access your account, please call the University of Pittsburgh Retirement Plan Call Center at , Monday through Friday, 8 a.m. to 10 p.m., or Saturday, 9 a.m. to 6 p.m. (ET). All salary deferral changes for an effective date of February 1, 2015, must be submitted by January 31, The deadline to make changes for an effective date of March 1, 2015, is February 28, Please note that going forward you will need to submit changes to your salary deferral amount one month prior to the effective date of the change. If you are currently contributing to the plan, your payroll contributions, including any eligible match, will continue. Contribution amounts will no longer be rounded, as explained on page 6. 8 Call or visit for more information.

9 Your investments, continued See the Investment Menu and Transfer Strategy insert to understand how your investments may be affected. All of the TIAA-CREF options will remain available, and many will automatically transfer to a lower-cost share class. Existing balances will remain in your current contracts unless you decide to move them once the transition is complete to the new Retirement Choice account. If you want to consolidate your University of Pittsburgh accounts, please call the University of Pittsburgh Retirement Plan Call Center at You should be aware there are some features of the new contracts that differ from your existing contracts (such as liquidity, interest rates and other considerations). Please make sure you understand those differences before you transfer any account balances to the new contracts. Please reference the TIAA and CREF Annuity Contract Comparison Chart on page 22 for more information on the new contracts. Current beneficiary elections will transfer to the new contracts. You will not need to re-establish your beneficiaries. Please note: If there is a non-spouse or trust listed as the primary beneficiary, the new beneficiary will be set to the plan default, which is 100% designated as your spouse or your estate if you are not married, and you will be notified to complete a new spousal consent form or submit a copy of the trust. We encourage you to schedule a One-on-One Advice Session with a TIAA-CREF financial consultant to review your options. TIAA-CREF s investment advice takes the form of specific asset allocation recommendations on mutual funds and annuities, which is provided by Ibbotson Associates, Inc., an independent third-party asset allocation provider. You can receive personalized Retirement Savings Plan investment advice over the phone or in person. To schedule your session, call , Monday through Friday, 8 a.m. to 8 p.m. (ET). Or visit Call or visit for more information. 9

10 Your investments, continued If you are currently invested with Vanguard only During the week of January 26, 2015, you will be automatically enrolled in a new TIAA-CREF Retirement Choice account and you will be sent a TIAA CREF Welcome Package that includes your new account information. Note that participants no longer actively contributing to the plan will still be issued a new contract for their Vanguard accumulations only. During the Blackout Period, beginning on or about February 4, 2015, future contributions and existing assets will be redirected to the consolidated recordkeeping system. No action is required to continue your participation in the Retirement Savings Plan, and your Vanguard investments will be part of the consolidated lineup. You will be unable to change your investment choices, transfer funds, initiate withdrawals or change your salary deferral amount during this period. For details, see the Blackout Notice included in this package or refer to it at TIAA-CREF will perform a system upgrade between 11 p.m. (ET) on January 31, 2015, and 12 a.m. (ET) on February 9, You will not be able to make a change in your salary deferral agreement during this period. The deferral agreement includes the percentage you wish to contribute to the plan (including the election of the accelerated benefit and supplemental contributions), the mix of contributions between pre-tax, Roth and after-tax elections, and the split of the elections between Vanguard and TIAA-CREF. For more information or if you have questions, please call the University of Pittsburgh Retirement Plan Call Center at , Monday through Friday, 8 a.m. to 10 p.m., or Saturday, 9 a.m. to 6 p.m. (ET). All salary deferral changes for an effective date of February 1, 2015, must be submitted by January 31, The deadline to make changes to your contributions for an effective date of March 1, 2015, is February 28, If you are currently contributing to the plan, your payroll contributions, including any eligible match, will continue. Contribution amounts will no longer be rounded, as explained on page 6. Beginning February 9, 2015, your existing assets and any future contributions to the University of Pittsburgh Retirement Savings Plan will be redirected from Vanguard to the new investment options. Current Vanguard funds that you own will remain fully invested during the transition and will be moved to the same Vanguard fund held on the TIAA-CREF platform. In some instances, they may be moved to a lower-cost share class. See the Investment Menu and Transfer Strategy insert to understand how your investments may be affected. Current beneficiary elections will transfer to the new contracts. You will not need to re-establish your beneficiaries. Please note: If there is a non-spouse or trust listed as the primary beneficiary, the new beneficiary will be set to the plan default, which is 100% designated as your spouse or your estate if you are not married, and you will be notified to complete a new spousal consent form or submit a copy of the trust. 10 Call or visit for more information.

11 Your investments, continued Once the transition is completed and the Blackout Period ends, you can direct your existing assets and any future contributions to other options on the new investment menu. We encourage you to schedule a One-on-One Advice Session with a TIAA-CREF financial consultant to review your TIAA-CREF and Vanguard options. TIAA-CREF s investment advice takes the form of specific asset allocation recommendations on mutual funds and annuities, which is provided by Ibbotson Associates, Inc., an independent third-party asset allocation provider. You can receive personalized Retirement Savings Plan investment advice over the phone or in person. To schedule your session, call , Monday through Friday, 8 a.m. to 8 p.m. (ET). Or visit If you are retired and have a distribution from Vanguard in process (e.g., Systematic Withdrawal, Required Minimum Distribution payment, etc.), you will need to re-establish this payment with TIAA CREF after February 3, You will receive additional communications if this applies to you. Vanguard investors please note: You will be able to invest in the same Vanguard funds you do today. No action is required to continue your participation in the Retirement Savings Plan, but now may be a good time to review your savings goals and adjust your strategy as needed. Call or or visit for more information. 11

12 Your investments, continued If you are currently contributing to both TIAA CREF and Vanguard Your investment elections for future contributions will be blended based upon your current deferral rates and investment elections with TIAA-CREF and Vanguard. In the following example, 50% of your contributions are going to TIAA-CREF and 50% are going to Vanguard. Within your TIAA-CREF contribution, you currently have allocated 50% to TIAA-CREF Fund 1 and 50% to TIAA CREF Fund 2. Within your Vanguard contribution, you currently have allocated 80% to Vanguard Fund A and 20% to Vanguard Fund B. Upon the transfer to the TIAA-CREF platform, your total fund allocation will be as shown in the chart at the right. Your allocations remain the same, but TIAA CREF and Vanguard are simply combined to equal 100%. Before the transfer: 50% TIAA-CREF Fund 1 50% TIAA-CREF Fund 2 80% Vanguard Fund A 20% Vanguard Fund B 50% 50% After the transfer: TIAA-CREF Fund 1 = 25% TIAA-CREF Fund 2 = 25% Vanguard Fund A = 40% Vanguard Fund B = 10% During the week of January 26, 2015, you will be automatically enrolled in a new TIAA-CREF Retirement Choice account and you will be sent a TIAA-CREF Welcome Package that includes your new account information. No action is required to continue your participation in the Retirement Savings Plan, but now may be a good time to review your savings goals and adjust your strategy as needed. Once you receive your Welcome Package, you can allocate future contributions to the new investment menu. Note that participants no longer actively contributing to the plan will be issued a new contract for their Vanguard accumulations only. TIAA-CREF accumulations will remain where they are. During the Blackout Period, beginning on or about February 4, 2015, you will be restricted from changing investment choices, transferring funds and initiating withdrawals on your Vanguard accounts. For details, see the Blackout Notice included in this package or refer to it at 12 Call or visit for more information.

13 Your investments, continued TIAA-CREF will perform a system upgrade between 11 p.m. (ET) on January 31, 2015, and 12 a.m. (ET) on February 9, In preparation of this upgrade, you will not be able to make a change in your salary deferral agreement during this period. The deferral agreement includes the percentage you wish to contribute to the plan (including the election of the accelerated benefit and supplemental contributions), the mix of contributions between pre-tax, Roth and after-tax elections, and the split of the elections between Vanguard and TIAA-CREF. For more information or if you have questions, please call the University of Pittsburgh Retirement Plan Call Center at , Monday through Friday, 8 a.m. to 10 p.m., or Saturday, 9 a.m. to 6 p.m. (ET). If you are currently contributing to the plan, your payroll contributions, including any eligible match, will continue. Contribution amounts will no longer be rounded, as explained on page 6. Your beneficiary will automatically be set to the University of Pittsburgh s Retirement Savings Plan default, which is 100% designated as your spouse or your estate if you are not married. Once you receive your Welcome Package, you should take the time to review your beneficiary designation. Beginning February 9, 2015, your existing assets and any future contributions to the University of Pittsburgh Retirement Savings Plan will be redirected from Vanguard to the new investment options. Current Vanguard funds that you own will remain fully invested during the transition and will be moved to the same Vanguard fund held on the TIAA-CREF platform. In some instances, it may be moved to a lower-cost share class. See the Investment Menu and Transfer Strategy insert to understand how your investments may be affected. We encourage you to schedule a One-on-One Advice Session with a TIAA-CREF financial consultant to review your options. TIAA-CREF s investment advice takes the form of specific asset allocation recommendations on mutual funds and annuities, which is provided by Ibbotson Associates, Inc., an independent third-party asset allocation provider. You can receive personalized Retirement Savings Plan investment advice over the phone or in person. To schedule your session, call , Monday through Friday, 8 a.m. to 8 p.m. (ET). Or visit If you have a Transfer Payout Annuity that is being directed to Vanguard, you will need to re-establish this payment through TIAA-CREF after February 3, You will receive additional communications if this applies to you. The transfer of all 401(a)/403(b) participants Vanguard assets will take place as follows: Step 1: Funds move from Vanguard to TIAA-CREF Your Vanguard assets will be reregistered at TIAA-CREF. As part of the reregistration process, your account will remain fully invested and will share in the investment experience of the funds during the asset transfer process. Step 2: New share class will be applied If your funds are being offered at a lower share class, that lower class will be applied so that you immediately experience cost savings from the new menu. Call or visit for more information. 13

14 Share class changes New, lower-cost share classes As previously mentioned, more than half of the TIAA-CREF and Vanguard investment assets will be offered at a lower cost to you once all investments are moved to the consolidated recordkeeping system. The affected investments are outlined on the enclosed Investment Menu and Transfer Strategy insert. What does a lower share class mean for me? Investing in a fund in a lower share class means that more of your money goes to purchasing investments, with less going toward fees. As a result, you keep a larger portion of the potential returns generated by each fund. While returns cannot be guaranteed, paying lower fees can help you reach your retirement goals faster. There is no investment strategy difference between the funds with different share classes. The mutual fund will charge different fees and expenses depending on the class offered to the plan. The new share class offers lower fees for these funds, thereby giving your portfolio more earnings potential.* *Lower expenses do not necessarily translate into higher returns. Are the new share classes of funds managed any differently than the ones I have now? Do they earn more or less? The principal difference between the classes is that the expenses of the new share class are less than the current share class. These savings can add up over time. The expense ratio is the annual fee that all funds or ETFs charge their shareholders. It expresses the percentage of assets deducted each fiscal year for fund expenses, including 12b-1 fees, management fees, administrative fees, operating costs and all other asset-based costs incurred by the fund. Portfolio transaction fees, or brokerage costs, as well as initial or deferred sales charges are not included in the expense ratio. The expense ratio, which is deducted from the fund s average net assets, is accrued on a daily basis. If the fund s assets are small, its expense ratio can be quite high because the fund must meet its expenses from a restricted asset base. Conversely, as the net assets of the fund grow, the expense percentage should ideally diminish as expenses are spread across the wider base. Funds may also opt to waive all or a portion of the expenses that make up their overall expense ratio. Are the new share classes actually a different fund than what I have now? No. A mutual fund may offer multiple share classes. Regardless of share class, each shareholder owns a proportionately determined amount or share of the fund s investment portfolio. Each share class has a unique ticker symbol and is registered with the Securities Exchange Commission (SEC) as separate share classes of the existing mutual funds. So, while the fund ticker will change, you are still investing in the same fund, just at a lower cost. In 2015, the CREF Annuities will change its class structure, which will affect the CREF Accounts offered under the University of Pittsburgh plans. If you have a CREF Annuity, you will also receive an information package in early to mid-february concerning the new classes and your specific pricing. No action will be required regarding CREF. College Retirement Equities Fund or CREF was established in 1952 and introduced the first variable annuity. A variable annuity can provide lifetime income based on an investor s accumulated value, without the risk of running out of savings. Payments from variable annuities are not guaranteed, and the payment amounts may rise or fall depending on investment returns. 14 Call or visit for more information.

15 Additional investment options available As part of the plan updates, new investment options are also being made available, as shown in the table below. All currently available TIAA-CREF and Vanguard investment options will remain available. For a full list of available investment options, refer to the enclosed Investment Menu and Transfer Strategy insert or visit GUARANTEED* TIAA Stable Value Annuity ACTIVELY MANAGED FUNDS AND INVESTMENTS** TIAA-CREF Global Natural Resources Fund Institutional Class TIAA-CREF High-Yield Fund Institutional Class TIAA-CREF Social Choice Bond Institutional Class PASSIVELY MANAGED FUNDS AND INVESTMENTS*** TIAA-CREF Bond Index Fund Institutional Class TIAA-CREF Emerging Markets Equity Index Fund Institutional Class TIAA-CREF Enhanced Large-Cap Growth Index Fund Institutional Class On February 9, 2015, you can begin investing in the plan s new investment options. Please note that existing Vanguard assets will be available to invest once the Blackout Period has ended. These new choices offer you flexibility to create a retirement portfolio that is aligned with your investment preferences and goals. You can see details on the new investment options available online at TIAA-CREF Enhanced Large-Cap Value Index Fund Institutional Class TIAA-CREF Equity Index Fund Institutional Class TIAA-CREF International Equity Index Fund Institutional Class *** Guaranteed investments: Guarantees repayment of principal and a fixed or floating interest rate for a predetermined period of time. All guarantees are subject to the issuing company s claims-paying ability. *** Actively managed investments: Portfolio management strategy where the manager makes specific investments with the aim of outperforming an investment benchmark index. *** Passively managed investments: Investors expect a return that closely tracks the investment weighting and returns of a benchmark index and will often invest in an index fund. TIAA Stable Value is a guaranteed insurance contract and not an investment for federal securities law purposes. Any guarantees under annuities issued by TIAA are subject to TIAA s claims-paying ability. Please note these important rules that apply to the TIAA Stable Value Annuity: Equity Wash Rule: For TIAA Stable Value Fund, there is an equity wash rule. Under the 90-day equity wash (industry standard), you are prohibited from transferring from the TIAA Stable Value fund directly to Competing Funds (e.g., money market funds, short-term bond funds, the TIAA Real Estate Account, stable value funds and most guaranteed products). Assets must first be transferred to a Non-Competing Fund where they must remain for at least 90 days before being transferred to a Competing Fund. Frequent Trading: Frequent Trading-like restrictions, which are designed to mitigate the negative effects of short-term trading out of these funds and then back in again. Specifically, you are prohibited from transferring into TIAA Stable Value, within 30 days of a transfer out of TIAA Stable Value. Exemptions: Certain systematic transfers are exempt from equity wash and frequent trading-like restrictions. These include transfers resulting from advice sessions, Retirement Plan Portfolio Manager, systematic withdrawals and transfers, and asset allocation service. Call or visit for more information. 15

16 TIAA-CREF is here to help. Support for every step of your retirement journey Obtain personalized advice on the plan s investment options from TIAA-CREF and Vanguard. This service is available as part of your Retirement Savings Plan. TIAA-CREF can help tailor your portfolio to your individual needs using TIAA CREF and Vanguard investments, and is standing by to support you in building a strategy that can help you pursue your retirement savings goals. TIAA-CREF s investment advice takes the form of specific asset allocation recommendations on mutual funds and annuities, which is provided by Ibbotson Associates, Inc., an independent third-party asset allocation provider. Financial advice is designed to help you answer these important questions: Am I on track to reach my retirement savings goals? TIAA-CREF will help you analyze how your investments are performing and determine if you are saving enough to help meet your needs. Which combination of retirement plan investments is right for me? Obtain assistance picking the right investments, diversifying properly and allocating contributions to balance your need for growth potential with your tolerance for risk. How can I meet my income needs in retirement? Obtain help determining the amount you will need to meet your retirement income goals. TIAA-CREF will assume financial advice responsibility for all University of Pittsburgh Retirement Savings Plan participants. TIAA CREF financial consultants are trained and well versed on the University of Pittsburgh Retirement Savings Plan and all investments, both TIAA-CREF and Vanguard funds, available in the plan. TIAA-CREF s advice takes the form of specific asset allocation recommendations on mutual funds and annuities, which are provided by Ibbotson Associates, Inc., an independent third-party asset allocation provider. HOW TO ACCESS ADVICE Online: Obtain quick, convenient answers via the online tool. Visit my.pitt.edu, log on using your University of Pittsburgh user name and password. Click Human Resources under the My Resources tab. Click Retirement Plan Access. Select the Advice & Guidance tab, and look for Retirement Advisor under Popular Tools & Calculators. One-on-One Advice Sessions: You can receive personalized Retirement Savings Plan investment advice over the phone or in person at our local office or on the main campus. To schedule your session, call , Monday through Friday, 8 a.m. to 8 p.m. (ET). Or visit 16 Call or visit for more information.

17 University of Pittsburgh and TIAA-CREF The University of Pittsburgh and TIAA-CREF: A long-standing relationship The joint history of the two institutions dates back to 1917, when Samuel B. McCormick (Chancellor of the University of Pittsburgh, ) served on the Carnegie Commission of Insurance and Annuities that recommended the establishment of TIAA in its 1917 report. In 1919, the University of Pittsburgh s Board of Trustees approved and adopted a TIAA Plan, thereby making the University of Pittsburgh one of TIAA s original 30 founding institutions. TIAA CREF continues to serve the University today through the local Pittsburgh office in Bakery Square on Penn Avenue, which opened in The University of Pittsburgh Human Resources Department and the TIAA CREF Pittsburgh office have both participated in joint volunteer projects during the University of Pittsburgh United Way Day of Caring event, of which TIAA-CREF has been the lead sponsor for the past several years. Samuel B. McCormick Chancellor of the University of Pittsburgh, A strong financial supporter on the road to retirement For nearly 100 years, TIAA-CREF has been dedicated to serving the needs of retirement plan participants those, like you, who serve the greater good through work in the academic, medical, governmental, cultural and research fields. And, because those needs are complex, TIAA-CREF is positioned to help you plan for the kind of retirement you deserve. Call or visit for more information. 17

18 Transition Q&A 1. Why is the University of Pittsburgh updating the Retirement Savings Plan? The University of Pittsburgh is committed to providing a quality Retirement Savings Plan. The updates are designed to strengthen the plan and help you pursue your retirement savings goals more effectively and at a lower cost. By consolidating the TIAA-CREF and Vanguard investment lineups and administering them on a single recordkeeping system, you will enjoy a lower fee structure for many funds, as well as increased efficiencies in managing your Retirement Savings Plan account. 2. What do I have to do? No action is required to continue your participation in the Retirement Savings Plan, but you should confirm your beneficiary election. Also, now may be a good time to review your savings goals and adjust your strategy as needed. Visit for online planning tools and other actions you may want to take depending on where you are invested. Please refer to pages 8-13 for instructions based on where you are currently investing. 3. How can I become familiar with my new investment options? A menu of new investment options is included in this guide for your review. You can also access the list of investments through 4. I currently invest 100% of my accumulations with Vanguard. Will all of my investment options remain available? Yes. All investment options currently available to plan participants will continue to be offered on TIAA-CREF s recordkeeping system, and in several instances, the same funds will be offered at a lower cost. 5. Why are new Retirement Choice accounts (contracts) being issued? The University decided to adopt new contracts to give it more flexibility and control over the investment options offered in the Retirement Savings Plan. You continue to retain your Retirement Savings Plan assets, subject to the plan s vesting schedule. The new contracts allow you access to new investment options not previously available under some of the older contracts, such as TIAA Stable Value. See the Appendix on page 20 for more frequently asked questions on the Retirement Choice contracts and the TIAA and CREF Annuity Contract Comparison Chart on page 22 for a description of the key differences between the contracts. 6. Why did the University select TIAA-CREF as the retirement plan recordkeeper? The University of Pittsburgh has a long relationship with TIAA-CREF and Vanguard that will continue into the foreseeable future. As part of the move to a single service provider (TIAA-CREF), the University of Pittsburgh reviewed the complete investment offerings from both organizations. TIAA-CREF offers these unique benefits to University participants: Long history and relationship since 1920 Commitment to supporting participants, no matter which funds they choose to invest in Ability to allow investment in all current Vanguard funds Access to lower-cost TIAA-CREF and Vanguard investments Ability to offer mutual funds and lifetime income annuity products 7. Will I pay any fees to make investments in the retirement plan? As before, all investment options have expense ratios and other fund-specific fees that can be found in the prospectuses, which are available at Some investment options may also have redemption fees. As a result of these updates, many funds are available at a lower cost. 18 Call or visit for more information.

19 Transition Q&A, continued 8. What if I need help making investment choices? You can obtain help selecting your investments and receive personalized Retirement Savings Plan advice on the plan s investment options, including all Vanguard investments, from TIAA-CREF. This service is available as part of your Retirement Savings Plan. TIAA-CREF s investment advice takes the form of specific asset allocation recommendations on mutual funds and annuities, which is provided by Ibbotson Associates, Inc., an independent third-party asset allocation provider. Online: Obtain quick, convenient answers via the online tool. Visit my.pitt.edu, log on using your University of Pittsburgh user name and password. Click Human Resources under the My Resources tab. Click Retirement Plan Access and select the Advice & Guidance tab, and look for Retirement Advisor under Popular Tools & Calculators. One-on-One Advice Sessions: You can receive personalized Retirement Savings Plan investment advice over the phone or in person at our local office or on campus. To schedule your session, call , Monday through Friday, 8 a.m. to 8 p.m. (ET). Or visit 9. What should I expect from a One-on-One Advice Session? Advice sessions last approximately one hour. If possible, bring all of your investment account statements, including any retirement investments outside of the Retirement Savings Plan and your most recent Social Security statement. A TIAA-CREF financial consultant can use this information to understand your current financial situation and help you select the appropriate investment options. 10. My spouse/partner/friend is very involved in my finances. Can I bring him/her to a meeting? Yes. You can bring anyone you choose to group meetings or individual advice sessions. 11. Are there any withdrawal restrictions from the retirement plan? Please note distribution rules and plan provisions have not changed. As a reminder, distributions from 403(b) plans before separation from employment, death or disability may be prohibited, limited and/or subject to substantial tax penalties. Different restrictions may apply to other types of plans. Review the University s Summary Plan Description at for more information on distribution options. 12. What if I am retired and no longer contributing to the plan? Please refer to pages 8-13 in this guide, depending on how you are invested. 13. Which address will I use to establish or change my online salary deferrals going forward? Your default address for these actions will be your pitt.edu address. You may change the address used online at any time. In the event your University of Pittsburgh cannot be used, plan communications will be sent via the U.S. Postal Service. 14. Which browsers are compatible with TIAA-CREF s online system? Recommended browsers are Microsoft Internet Explorer 8.0 and 9.0; Mozilla Firefox 7.0 and later; Safari 3.0 and later; and any version of Chrome. Call or visit for more information. 19

20 Appendix Understanding the new Retirement Choice annuity contracts If you ve been a University of Pittsburgh Retirement Savings Plan participant for a while, you may wonder why you re receiving new contract certificates. The following frequently asked questions are intended to provide an explanation. 1. Why am I getting new contracts? The University of Pittsburgh has decided to adopt new contracts, giving the plan sponsor more flexibility and control over the investment options offered in the retirement plan. Participants continue to own their retirement plan assets, subject to their plan s vesting schedule. 2. What happens to my existing retirement annuity contracts? Your existing annuity contracts will remain in place. 3. Can I move assets to the new contracts? You may leave your assets in the old contracts or transfer your assets to the new Retirement Choice contracts. All transfers are subject to the liquidity rules of the old contracts. Please note: You may only transfer assets from an old contract to a new contract. You may not transfer assets back into an old contract once this transfer is made. 4. How do the contracts differ? Please note that the old and new contracts have different benefits and features. For instance, different liquidity rules and lower guaranteed minimum interest rates* apply to TIAA Traditional Annuity assets in the Retirement Choice contracts. See the TIAA and CREF Annuity Contract Comparison Chart on page 22 for a description of the key differences between the contracts. 20 Call or visit for more information.

21 Appendix, continued 5. How else do the contracts differ? Under the new Retirement Choice contracts, it will be easier for the University of Pittsburgh to monitor funds and expenses and make changes to the investment menu. Subject to the terms of the contracts offered under the plan, it will also be easier for the plan to require the transfer of existing participant plan assets to new investment options. Please see the TIAA and CREF Annuity Contract Comparison Chart on the next page for more information on this topic, or call TIAA CREF at What is a fiduciary of the contract and what is the fiduciary s role? The fiduciary may exercise their rights to change the investments offered under the plan. You may allocate contributions to the investment options, designate beneficiaries, elect lump-sum benefits (subject to plan rules), transfer invested dollars between available investment options, and choose forms of benefit payment. Your (and your beneficiary s) rights are subject to the terms of the plan and its vesting provisions. 7. What is the process to transfer my account balances to the new Retirement Choice contracts? If you have reviewed the different benefits and features available in the new Retirement Choice contracts and decided that they re right for you, call TIAA-CREF to request a transfer to your new contract. Please note that different liquidity rules and lower guaranteed minimum interest rates* apply to TIAA Traditional Annuity assets in the Retirement Choice contracts. You will receive a confirmation of the transaction by mail. In addition, once a transfer to the new contract is made, the amounts transferred cannot be transferred back to the old contract. For more information, please call TIAA CREF at , Monday to Friday, 8 a.m. to 10 p.m., or Saturday, 9 a.m. to 6 p.m. (ET). *All guarantees are subject to TIAA s claims-paying ability. Contact information PHONE UNIVERSITY OF PITTSBURGH RETIREMENT PLAN CALL CENTER Call Monday through Friday, 8 a.m. to 10 p.m., or Saturday, 9 a.m. to 6 p.m. (ET). ONLINE Visit to make transactions and access retirement planning tools. ONE-ON-ONE ADVICE SESSIONS Obtain personalized Retirement Savings Plan advice on the plan s investment options from a TIAA CREF financial consultant. This service is available as part of your Retirement Savings Plan. To schedule a session, call , Monday through Friday, 8 a.m. 8 p.m. (ET), or visit Call or visit for more information. 21

22 Appendix, continued TIAA and CREF Annuity Contract Comparison Chart Feature TIAA Traditional Annuity Guaranteed Minimum Rate (All guarantees are subject to TIAA s claims-paying ability.) TIAA Traditional Annuity Guaranteed Minimum Rate for payout annuities Transfers and Cash Withdrawals from TIAA Traditional Annuity Retirement Choice Annuity A rate between 1% and 3% is set by formula, under the terms of the contract, each calendar year for contributions, rollovers and transfers made between January 1 and December 31. This rate continues to be applied to this money for at least 10 years. The rate is based on the average five-year Constant Maturity Treasury Rate as reported by the Federal Reserve. Principal is always guaranteed. Opportunity for crediting of additional amounts in excess of the guaranteed rate. When declared, this rate remains in effect for the 12-month period beginning March 1. Additional amounts are not guaranteed for future years. 2% Made in 84 monthly payments. If plan permits, available in a lump sum within 120 days of terminating employment, subject to a 2.5% surrender charge. Retirement Annuity (RA) and Group Retirement Annuity (GRA) 3% for all contributions, rollovers and transfers Principal is always guaranteed. Opportunity for crediting of additional amounts in excess of the guaranteed rate. When declared, this rate remains in effect for the 12-month period beginning March 1. Additional amounts are not guaranteed for future years. 2.5% RA: Made in 10 annual installments over nine years and one day. Lump-sum withdrawals and transfers are not available. GRA: If the plan permits, available in a lump sum within 120 days of terminating employment, subject to a 2.5% surrender charge. Otherwise, made in 10 annual installments over nine years and one day. Supplemental Retirement Annuity (SRA) and Group Supplemental Retirement Annuity (GSRA) 3% for all contributions, rollovers and transfers Principal is always guaranteed. Opportunity for crediting of additional amounts in excess of the guaranteed rate. When declared, this rate remains in effect for the 12-month period beginning March 1. Additional amounts are not guaranteed for future years. 2.5% Available any time, subject to plan rules 22 Call or visit for more information.

evolution The of your Yale University Retirement Program

evolution The of your Yale University Retirement Program evolution The of your Yale University Retirement Program Evolving the Yale University Retirement Program Table of contents One provider, more options...3 What to expect...8 Key dates...11 Frequently asked

More information

Wellesley College Retirement Plan Transition Guide. Inside is everything you need to know about the transition to the new Investment Menu.

Wellesley College Retirement Plan Transition Guide. Inside is everything you need to know about the transition to the new Investment Menu. Learn Prepare Engage Wellesley College Retirement Plan Transition Guide Inside is everything you need to know about the transition to the new Investment Menu. 1 Introduction 2 Building Your Retirement

More information

SYSTEMATIC WITHDRAWALS AND TRANSFERS FROM TIAA TRADITIONAL

SYSTEMATIC WITHDRAWALS AND TRANSFERS FROM TIAA TRADITIONAL SYSTEMATIC WITHDRAWALS AND TRANSFERS FROM TIAA TRADITIONAL THE TIAA TRADITIONAL ANNUITY The TIAA Traditional Annuity is a guaranteed annuity backed by TIAA s claims-paying ability. In the accumulation

More information

Get a head start on your future. A step-by-step guide to the coming Cornell University Retirement Plan updates

Get a head start on your future. A step-by-step guide to the coming Cornell University Retirement Plan updates Get a head start on your future. A step-by-step guide to the coming Cornell University Retirement Plan updates Retirement program updates are coming. Cornell University is committed to offering you the

More information

REVIEWING YOUR TIAA-CREF INCOME CHOICES A GUIDE TO YOUR PAYMENT OPTIONS

REVIEWING YOUR TIAA-CREF INCOME CHOICES A GUIDE TO YOUR PAYMENT OPTIONS REVIEWING YOUR TIAA-CREF INCOME CHOICES A GUIDE TO YOUR PAYMENT OPTIONS FLEXIBILITY & CHOICE TIAA-CREF UNDERSTANDS YOUR FINANCIAL PRIORITIES can change over time, which is why we offer you a wide range

More information

Get a head start on your future. A step-by-step guide to the coming University of Dallas Retirement Program changes

Get a head start on your future. A step-by-step guide to the coming University of Dallas Retirement Program changes Get a head start on your future. A step-by-step guide to the coming University of Dallas Retirement Program changes Table of Contents Be prepared for the changes ahead 1 Your new investment menu 2 Investment

More information

Transfers and Withdrawals from the Tiaa Traditional annuity

Transfers and Withdrawals from the Tiaa Traditional annuity Transfers and Withdrawals from the Tiaa Traditional annuity Tiaa s Transfer Payout annuity This guide has information about moving funds out of the Tiaa Traditional annuity using the Transfer Payout annuity

More information

Overview. Retirement Plan

Overview. Retirement Plan Overview Retirement Plan Retirement Plan 74 Regardless of your age, the time for thinking about retirement is now. With careful planning, you can help make your retirement years a more comfortable and

More information

TIAA-CREF THE BROWN UNIVERSITY DEFERRED VESTING RETIREMENT PLAN. Summary of Plan Services and Costs

TIAA-CREF THE BROWN UNIVERSITY DEFERRED VESTING RETIREMENT PLAN. Summary of Plan Services and Costs THE BROWN UNIVERSITY DEFERRED VESTING RETIREMENT PLAN Summary of Plan Services and Costs July 3, 2013 This summary provides important information to assist you in making decisions related to your participation

More information

SAVING FOR RETIREMENT. The ROTH

SAVING FOR RETIREMENT. The ROTH SAVING FOR RETIREMENT The ROTH CONTRIBUTION Option ABOUT TIAA-CREF TIAA-CREF is dedicated to serving the retirement needs of those in the academic, medical, cultural and research fields. We are committed

More information

Which retirement plan is right for you

Which retirement plan is right for you Which retirement plan is right for you Facts to help you make an informed choice between the Iowa Public Employees Retirement System (IPERS) and the Iowa Association of Community College Trustees Defined

More information

THE CLAREMONT COLLEGES Academic Retirement Plan

THE CLAREMONT COLLEGES Academic Retirement Plan THE CLAREMONT COLLEGES Academic Retirement Plan Plan Overview: The Academic Retirement Plan (ARP) is the primary retirement plan for The Claremont Colleges The ARP is a defined contribution plan qualified

More information

The Roth contribution option

The Roth contribution option The Roth contribution option For retirement plans Contents The Roth contribution option savings choice 2 Learn about the differences between pretax and after-tax contributions Comparing Roth after-tax

More information

August 26, 2015. Re: Important information about your retirement plan

August 26, 2015. Re: Important information about your retirement plan MANHATTANVILLE COLLEGE 2900 PURCHASE STREET PURCHASE, NY 105772131 August 26, 2015 SECTION1 Re: Important information about your retirement plan The enclosed information is being provided to help you make

More information

Transfer Payout Annuities

Transfer Payout Annuities Transfer Payout Annuities Transfers and Withdrawals from TIAA Traditional tiaa-cref.org The TIAA Traditional Annuity In this guide, you ll learn about our Transfer Payout Annuity (TPA), a transfer and

More information

Minimum distribution. Making it simple

Minimum distribution. Making it simple Minimum distribution Making it simple Required minimum distributions What you need to know What are required minimum distributions?... 03 TIAA-CREF s Minimum Distribution Option (MDO)... 04 Is the Minimum

More information

Summary Plan Description

Summary Plan Description Summary Plan Description Prepared for DePauw University Retirement Plan January 2012 TABLE OF CONTENTS Page INTRODUCTION...1 ELIGIBILITY...1 Am I eligible to participate in the Plan?...1 What requirements

More information

Empower Retirement TM IRA

Empower Retirement TM IRA Empower Retirement TM IRA Whether you ve been a participant in an employer-sponsored group retirement plan, are new to retirement saving, or are just exploring other retirement savings options, the Empower

More information

UNC Retirement Program Frequently Asked Questions

UNC Retirement Program Frequently Asked Questions UNC Retirement Program Frequently Asked Questions Q1. Why is The University making these changes? At The University of North Carolina (UNC), we know how important it is to prepare for retirement. We are

More information

TRANSFER PAYOUT ANNUITIES

TRANSFER PAYOUT ANNUITIES SAVING FOR RETIREMENT TRANSFER PAYOUT ANNUITIES TRANSFERS AND WITHDRAWALS FROM TIAA TRADITIONAL TIAA-CREF: FINANCIAL SERVICES FOR THE GREATER GOOD TIAA-CREF is dedicated to serving the retirement needs

More information

Payout Guide A GUIDE TO OPTIONS FOR YOUR STATE OF MICHIGAN 401(K) AND 457 PLAN ACCOUNTS. 1-800-748-6128 http://stateofmi.ingplans.

Payout Guide A GUIDE TO OPTIONS FOR YOUR STATE OF MICHIGAN 401(K) AND 457 PLAN ACCOUNTS. 1-800-748-6128 http://stateofmi.ingplans. Payout Guide A GUIDE TO OPTIONS FOR YOUR STATE OF MICHIGAN 401(K) AND 457 PLAN ACCOUNTS 1-800-748-6128 http://stateofmi.ingplans.com State of Michigan 401(k) and 457 Plan Participant: You ve worked hard

More information

Understanding Your Retirement Plans Changes Essential Information for Participants of the tufts university retirement plans

Understanding Your Retirement Plans Changes Essential Information for Participants of the tufts university retirement plans Understanding Your Retirement Plans Changes Essential Information for Participants of the tufts university retirement plans 2 Introducing the changes to your Tufts University retirement plans Effective

More information

July 28, 2015. Re: Important information about your retirement plan

July 28, 2015. Re: Important information about your retirement plan JOHN CARROLL UNIVERSITY One John Carroll Blvd. UNIVERSITY HEIGHTS, OH 441184520 July 28, 2015 SECTION1 Re: Important information about your retirement plan The enclosed information is being provided to

More information

ROTH 403(b) CONTRIBUTIONS

ROTH 403(b) CONTRIBUTIONS SAVING FOR RETIREMENT ROTH 403(b) CONTRIBUTIONS A NEW WAY TO SAVE FOR RETIREMENT TIAA-CREF: FINANCIAL SERVICES FOR THE GREATER GOOD TIAA-CREF is dedicated to serving the retirement needs of those in the

More information

Your retirement plan choices

Your retirement plan choices Your retirement plan choices Why join? If you want to retire someday, then saving is a must. It s the single most effective way to reach a comfortable retirement. It s important because experts estimate

More information

Overview. Supplemental Retirement and Savings Plan

Overview. Supplemental Retirement and Savings Plan Overview Savings Plan Savings Plan In addition to the Boston University Retirement Plan, you may also accumulate funds for your future through the Boston University Supplemental. Your contributions to

More information

ADVANCING YOUR FINANCIAL FUTURE

ADVANCING YOUR FINANCIAL FUTURE ADVANCING YOUR FINANCIAL FUTURE The Washington University Retirement Savings Plan Table of contents Making it easier to plan and invest for retirement...4 Plan information for TIAA-only participants...5

More information

Summary Plan Description

Summary Plan Description Summary Plan Description Prepared for The College of Wooster Defined Contribution Plan July 2011 TABLE OF CONTENTS INTRODUCTION...3 ELIGIBILITY...4 A. Am I eligible to participate in the Plan?...4 B. What

More information

PERSI. It s Your Choice to Go Now, Go BIG! Plan Highlights. Learn about your PERSI Choice 401(k) Plan. Ready, Set, Go: the PERSI Base Plan.

PERSI. It s Your Choice to Go Now, Go BIG! Plan Highlights. Learn about your PERSI Choice 401(k) Plan. Ready, Set, Go: the PERSI Base Plan. PERSI PERSI Choice 401(k) Plan It s Your Choice to Go Now, Go BIG! Plan Highlights Learn about your PERSI Choice 401(k) Plan Ready, Set, Go: the PERSI Base Plan The PERSI Base Plan gets you into the game,

More information

UNIVERSITY OF PITTSBURGH. 403(b) PLAN. 401(a) RETIREMENT PLAN SUMMARY PLAN DESCRIPTION

UNIVERSITY OF PITTSBURGH. 403(b) PLAN. 401(a) RETIREMENT PLAN SUMMARY PLAN DESCRIPTION UNIVERSITY OF PITTSBURGH 403(b) PLAN and 401(a) RETIREMENT PLAN SUMMARY PLAN DESCRIPTION Revised: November 2009 TABLE OF CONTENTS Subject Chapter Page HOW DO I... I 2 UNDERSTANDING YOUR ACCOUNTS II 5 PARTICIPATION

More information

Great-West Lifetime. Not a Deposit Not FDIC Insured Not Guaranteed by Any Bank Not Insured by Any Federal Government Agency Funds May Lose Value

Great-West Lifetime. Not a Deposit Not FDIC Insured Not Guaranteed by Any Bank Not Insured by Any Federal Government Agency Funds May Lose Value Great-West Lifetime Advantage IRA Solution Not a Deposit Not FDIC Insured Not Guaranteed by Any Bank Not Insured by Any Federal Government Agency Funds May Lose Value Great-West Lifetime Advantage IRA

More information

THE UNIVERSITY SYSTEM OF MARYLAND MAKING RETIREMENT PROGRAM ENROLLMENT EASY FOR YOU

THE UNIVERSITY SYSTEM OF MARYLAND MAKING RETIREMENT PROGRAM ENROLLMENT EASY FOR YOU THE UNIVERSITY SYSTEM OF MARYLAND MAKING RETIREMENT PROGRAM ENROLLMENT EASY FOR YOU WHAT MAKES TIAA-CREF DIFFERENT It is in our interest to serve your interests at TIAA-CREF; you re more than just a client

More information

Guide to online withdrawals

Guide to online withdrawals Streamlined withdrawal processing The online withdrawal process on the secure My TIAA-CREF website has the same easy-to-use navigation and functionality as other websites that you visit regularly to shop,

More information

Get a head start on your future. A step-by-step overview of the coming Swarthmore College Regular Retirement Plan updates

Get a head start on your future. A step-by-step overview of the coming Swarthmore College Regular Retirement Plan updates Get a head start on your future. A step-by-step overview of the coming Swarthmore College Regular Retirement Plan updates Welcome to your updated retirement program. What do the updates mean to you? How

More information

TRANSFER, ROLLOVER OR EXCHANGE INTO YOUR ACCOUNTS AT TIAA-CREF

TRANSFER, ROLLOVER OR EXCHANGE INTO YOUR ACCOUNTS AT TIAA-CREF For account information, or to check the status of your request or any questions: Call 800 842-2776 Monday Friday 8 a.m. 10 p.m. (ET) Saturday 9 a.m. 6 p.m. (ET) Or visit us online at tiaa-cref.org 24

More information

Your guide to the UMass Supplemental Retirement Program Transition

Your guide to the UMass Supplemental Retirement Program Transition University of Massachusetts 403(b) and 401(a) Supplemental Retirement Savings Plans Your guide to the UMass Supplemental Retirement Program Transition At the University of Massachusetts we re committed

More information

Summary Plan Description

Summary Plan Description Summary Plan Description Prepared for Loyola University Maryland Retirement Plan July, 2014 INTRODUCTION As of 07/01/2014, Loyola has restated the Loyola University Maryland Retirement Plan (the Plan )

More information

LIVING WELL IN RETIREMENT. Minimum Distribution: Making it simple

LIVING WELL IN RETIREMENT. Minimum Distribution: Making it simple LIVING WELL IN RETIREMENT Minimum Distribution: Making it simple TIAA-CREF: FINANCIAL SERVICES FOR THE GREATER GOOD. TIAA-CREF is dedicated to serving the retirement needs of those in the academic, medical,

More information

PLAN HIGHLIGHTS. Guide to understanding your. Trinity Health. Retirement Program. For former Holy Cross 403(b) Plan participants

PLAN HIGHLIGHTS. Guide to understanding your. Trinity Health. Retirement Program. For former Holy Cross 403(b) Plan participants PLAN HIGHLIGHTS Guide to understanding your Trinity Health Retirement Program For former Holy Cross 403(b) Plan participants HC UNDERSTANDING THE TRINITY HEALTH RETIREMENT PROGRAM The Trinity Health Retirement

More information

2012 House Officer November Lump Sum Payments And Retirement Savings

2012 House Officer November Lump Sum Payments And Retirement Savings UNIVERSITY OF MICHIGAN BENEFITS OFFICE RETIREMENT PLAN ADMINISTRATION WOLVERINE TOWER LOW RISE G405 3003 SOUTH STATE STREET ANN ARBOR, MI 48109-1278 benefits.umich.edu/plans/retire 2012 House Officer November

More information

Summary Plan Description. The University of Chicago Contributory Retirement Plan

Summary Plan Description. The University of Chicago Contributory Retirement Plan The University of Chicago Contributory Retirement Plan ( CRP ) Summary Plan Description July 2005 The University of Chicago Contributory Retirement Plan Table of Contents Your CRP Benefits... 1 CRP Highlights...

More information

Taking the next step. A guide for beneficiaries

Taking the next step. A guide for beneficiaries Taking the next step A guide for beneficiaries TIAA-CREF listening, caring, ready to serve At TIAA-CREF, we ve been helping people build their financial futures for nearly a century. We started out offering

More information

JOHNS HOPKINS UNIVERSITY. Retirement Choice Decision Guide. Changes begin January 1, 2016

JOHNS HOPKINS UNIVERSITY. Retirement Choice Decision Guide. Changes begin January 1, 2016 JOHNS HOPKINS UNIVERSITY Retirement Choice Decision Guide Changes begin January 1, 2016 ACTION REQUIRED BEGINNING OCTOBER 14, 2015 You MUST take action during the Retirement Choice period Between October

More information

A guide to payment options for employees of tax-exempt institutions. 457(b) Deferred Compensation Plan. Income choices from TIAA-CREF

A guide to payment options for employees of tax-exempt institutions. 457(b) Deferred Compensation Plan. Income choices from TIAA-CREF A guide to payment options for employees of tax-exempt institutions 457(b) Deferred Compensation Plan Income choices from TIAA-CREF TIAA-CREF: leaders in retirement planning After you stop working for

More information

Tax-smart ways to save and invest. TIAA-CREF Financial Essentials

Tax-smart ways to save and invest. TIAA-CREF Financial Essentials Tax-smart ways to save and invest TIAA-CREF Financial Essentials Today s agenda: 1. Finding funds for saving 2. Tax law provisions promoting saving 3. TIAA-CREF savings opportunities 4. TIAA-CREF can help

More information

A NEW WAY TO SAVE FOR RETIREMENT INTRODUCING THE ROTH OPTION C46803

A NEW WAY TO SAVE FOR RETIREMENT INTRODUCING THE ROTH OPTION C46803 A NEW WAY TO SAVE FOR RETIREMENT INTRODUCING THE ROTH OPTION C46803 TODAY S DISCUSSION 1. WHAT IS THE ROTH OPTION? 2. WHO MIGHT BENEFIT? 3. CONTRIBUTION LIMITS 4. DISTRIBUTION AND ROLLOVER OPTIONS 5. WHAT

More information

Your Retirement Income Options. TIAA-CREF Financial Essentials

Your Retirement Income Options. TIAA-CREF Financial Essentials Your Retirement Income Options TIAA-CREF Financial Essentials Today we will discuss: 1. Determining your retirement income needs Income sources Covering your expenses 2. Threats to your retirement cash

More information

The IBM 401(k) Plus Plan. Invest today for what you hope to accomplish tomorrow

The IBM 401(k) Plus Plan. Invest today for what you hope to accomplish tomorrow The IBM 401(k) Plus Plan Invest today for what you hope to accomplish tomorrow The IBM 401(k) Plus Plan Dollar-for-dollar company match, automatic company contributions, broad range of investment options

More information

Amherst College Defined Contribution Retirement Plan for Amherst College and Folger Shakespeare Library Employees

Amherst College Defined Contribution Retirement Plan for Amherst College and Folger Shakespeare Library Employees Amherst College Defined Contribution Retirement Plan for Amherst College and Folger Shakespeare Library Employees Inside is detailed information you need to know about the transition to the new Investment

More information

South Carolina Deferred Compensation Program Features and Highlights

South Carolina Deferred Compensation Program Features and Highlights Retire from work, not life.. South Carolina Deferred Compensation Program Features and Highlights The South Carolina Deferred Compensation Program is a powerful tool to help you reach your retirement dreams.

More information

IMPORTANT INFORMATION FOR FOREIGN ADDRESS PARTICIPANTS IN THE VILLANOVA UNIVERSITY 403(b) RETIREMENT SAVINGS PLAN

IMPORTANT INFORMATION FOR FOREIGN ADDRESS PARTICIPANTS IN THE VILLANOVA UNIVERSITY 403(b) RETIREMENT SAVINGS PLAN August 22, 2014 IMPORTANT INFORMATION FOR FOREIGN ADDRESS PARTICIPANTS IN THE VILLANOVA UNIVERSITY 403(b) RETIREMENT SAVINGS PLAN Starting October 15, 2014, Villanova University will make several changes

More information

Your Columbia University Retirement Savings Program

Your Columbia University Retirement Savings Program Your Columbia University Retirement Savings Program For Faculty and other Officers first hired before July 1, 2013 Revised May 2014 There s No Time Like the Present to Plan for the Future Whether you are

More information

Summary Plan Description

Summary Plan Description Summary Plan Description Prepared for Trinity University Defined Contribution Retirement Plan, Trinity University Tax Deferred Annuity Plan INTRODUCTION Trinity University has restated the Trinity University

More information

Strength of Many. Convenience of One. Voya Select Advantage IRA. Mutual Fund Custodial Account

Strength of Many. Convenience of One. Voya Select Advantage IRA. Mutual Fund Custodial Account Strength of Many. Convenience of One. Voya Select Advantage IRA Mutual Fund Custodial Account Life brings change. C hange often comes from life events such as switching jobs or retiring. What impact will

More information

Children s Mercy Hospital Retirement Plan. Tax Deferred Annuity (TDA) Plan Enrollment Guide

Children s Mercy Hospital Retirement Plan. Tax Deferred Annuity (TDA) Plan Enrollment Guide Children s Mercy Hospital Retirement Plan Tax Deferred Annuity (TDA) Plan Enrollment Guide Welcome to your Children s Mercy Tax Deferred Annuity (TDA) Retirement Plan. The TDA Plan (a 403[b] plan often

More information

The George Washington University Retirement Plans. How to get started

The George Washington University Retirement Plans. How to get started The George Washington University Retirement Plans How to get started Table of Contents Why Save 3 Plans at a Glance 4 Approved Investment Providers 7 How to Enroll 8 Provider Fact Sheets 9 Investment Education

More information

JOHNS HOPKINS UNIVERSITY 403(b) PLAN and JOHNS HOPKINS UNIVERSITY INCOME DEFERRAL 403(b) PLAN FOR RESIDENTS, INTERNS AND POSTDOCTORAL FELLOWS

JOHNS HOPKINS UNIVERSITY 403(b) PLAN and JOHNS HOPKINS UNIVERSITY INCOME DEFERRAL 403(b) PLAN FOR RESIDENTS, INTERNS AND POSTDOCTORAL FELLOWS JOHNS HOPKINS UNIVERSITY 403(b) PLAN and JOHNS HOPKINS UNIVERSITY INCOME DEFERRAL 403(b) PLAN FOR RESIDENTS, INTERNS AND POSTDOCTORAL FELLOWS Summary of Plan Services and Costs This summary provides important

More information

Your Columbia University Retirement Savings Program

Your Columbia University Retirement Savings Program Your Columbia University Retirement Savings Program For Faculty and other Officers first hired on or after July 1, 2013 Revised May 2014 There s No Time Like the Present to Plan for the Future Whether

More information

Overview of Your TIAA-CREF Investment Solutions SM Accounts

Overview of Your TIAA-CREF Investment Solutions SM Accounts Overview of Your TIAA-CREF Investment Solutions SM Accounts TIAA-CREF Investment Solutions SM now offers you nine mutual funds in addition to our fixed and variable annuity accounts. TIAA-CREF Investment

More information

TIAA TRADITIONAL ANNUITY PRODUCT COMPARISON NOVEMBER 2008

TIAA TRADITIONAL ANNUITY PRODUCT COMPARISON NOVEMBER 2008 TIAA TRADITIONAL ANNUITY PRODUCT COMPARISON NOVEMBER 2008 PRODUCT OBJECTIVE To provide safety of principal, stability, guaranteed minimum interest crediting rates, plus the potential for additional amounts

More information

CARNEGIE MELLON UNIVERSITY FACULTY AND STAFF RETIREMENT PLAN - UNIVERSITY CONTRIBUTIONS

CARNEGIE MELLON UNIVERSITY FACULTY AND STAFF RETIREMENT PLAN - UNIVERSITY CONTRIBUTIONS CARNEGIE MELLON UNIVERSITY FACULTY AND STAFF RETIREMENT PLAN - UNIVERSITY CONTRIBUTIONS OPEN YOUR RETIREMENT ACCOUNT ENROLLMENT INSTRUCTIONS NEED HELP? Call 800 TIAA-CREF (800 842-2273) Monday to Friday

More information

SAVING FOR RETIREMENT LOANS FROM YOUR RETIREMENT ACCOUNTS

SAVING FOR RETIREMENT LOANS FROM YOUR RETIREMENT ACCOUNTS SAVING FOR RETIREMENT LOANS FROM YOUR RETIREMENT ACCOUNTS TABLE OF CONTENTS 02 Borrowing Limits and Collateral 03 Getting Your Loan 05 Repaying Your Loan 09 Retirement, Group Retirement, Retirement Choice

More information

VRS Hybrid Retirement Plan Features and Benefits. Version 02/15

VRS Hybrid Retirement Plan Features and Benefits. Version 02/15 VRS Hybrid Retirement Plan Features and Benefits Version 02/15 Introductions Virginia Retirement System & ICMA-RC 2 Today s Agenda Learn About Your Plan Your Investment Options Benefit Payments & Distribution

More information

CBS & YOU PREPARE. DECIDE. ACT.

CBS & YOU PREPARE. DECIDE. ACT. YOUR HR/BENEFITS PROGRAM PREPARE. DECIDE. ACT. YOUR HR PORTAL Dear YOUR CBS CBS Employee: 401(K) PLAN Congratulations, you re now eligible to participate in the CBS 401(k) Plan. As you ll see, your CBS

More information

Highlights of the. Boehringer Ingelheim. Retirement Savings Plan Retirement Plan. This brochure is intended for eligible employees of

Highlights of the. Boehringer Ingelheim. Retirement Savings Plan Retirement Plan. This brochure is intended for eligible employees of Highlights of the Boehringer Ingelheim: Retirement Savings Plan Retirement Plan This brochure is intended for eligible employees of Boehringer Ingelheim hired after December 31, 2003. Table of Contents

More information

Get help achieving your financial goals.

Get help achieving your financial goals. Get help achieving your financial goals. TIAA-CREF: Committed to your overall financial well-being Did you know? TIAA was founded in 1918 to provide retirement security to university faculty. TIAA-CREF

More information

GSEPS PLAN HIGHLIGHTS

GSEPS PLAN HIGHLIGHTS GSEPS PLAN HIGHLIGHTS The Georgia State Employees Pension and Savings Plan (GSEPS) is a retirement benefit plan that offers you both the security of a traditional pension plan and the opportunity to invest

More information

TIAA-CREF TRANSFER OR ROLLOVER AUTHORIZATION

TIAA-CREF TRANSFER OR ROLLOVER AUTHORIZATION TIAA-CREF TRANSFER ROLLOVER AUTHIZATION Use this form to authorize the transfer or rollover of funds to TIAA-CREF You may photocopy this form for multiple transfers A separate transfer form with an original

More information

Frequently Asked Questions (FAQs) Regarding 401k Vendor Change: Dow Corning Employees Capital Accumulation Plan (CAP)

Frequently Asked Questions (FAQs) Regarding 401k Vendor Change: Dow Corning Employees Capital Accumulation Plan (CAP) Frequently Asked Questions (FAQs) Regarding 401k Vendor Change: Dow Corning Employees Capital Accumulation Plan (CAP) Section 1: Introduction... 1 Section 2: What Happens When... 2 Section 3: Brokerage

More information

THE EMPLOYEE INVESTMENT PROGRAM

THE EMPLOYEE INVESTMENT PROGRAM THE EMPLOYEE INVESTMENT PROGRAM The Employee Investment Program (EIP or Program) has two components: 1) The Employee Investment Plan Account governed by Internal Revenue Code Section 403(b) - the account

More information

Princeton University Retirement Savings Plan Summary Plan Description

Princeton University Retirement Savings Plan Summary Plan Description Princeton University Retirement Savings Plan Summary Plan Description Retirement Savings Plan Summary Plan Description September, 2011 Contents Introduction... 1 Eligibility and Enrollment... 2 Eligibility...

More information

Defined Contribution and Tax-deferred Annuity Retirement Plan. Summary Plan Description

Defined Contribution and Tax-deferred Annuity Retirement Plan. Summary Plan Description Defined Contribution and Tax-deferred Annuity Retirement Plan Summary Plan Description Updated September 2015 This document provides each Participant with a description of the Institution's Defined Contribution

More information

Saving for retirement with a 403(b) plan

Saving for retirement with a 403(b) plan Saving for retirement with a 403(b) plan 2 Saving for retirement with a 403(b) plan Saving for retirement with a 403(b) plan Retirement can be a welcome turning point in your life a time to enjoy hobbies,

More information

The IBM 401(k) Plus Plan. Invest today for what you hope to accomplish tomorrow

The IBM 401(k) Plus Plan. Invest today for what you hope to accomplish tomorrow The IBM 401(k) Plus Plan Invest today for what you hope to accomplish tomorrow The IBM 401(k) Plus Plan Dollar-for-dollar company match, automatic company contributions, broad range of investment options

More information

Getting Started About the 401(k) plan. Who is eligible to enroll? What is a Roth 401(k) contribution? Why should I participate in the Program?

Getting Started About the 401(k) plan. Who is eligible to enroll? What is a Roth 401(k) contribution? Why should I participate in the Program? The State of Tennessee 401(k) Deferred Compensation Program (your Program) is a supplemental retirement savings program that is designed to work with the Tennessee Consolidated Retirement System (TCRS)

More information

Summary Plan Description

Summary Plan Description Summary Plan Description Prepared for Furman University Tax Deferred Annuity Plan INTRODUCTION Furman University has restated the Furman University Tax Deferred Annuity Plan (the Plan ) to help you and

More information

AUI Supplemental Retirement Annuity Plan Summary Plan Description

AUI Supplemental Retirement Annuity Plan Summary Plan Description AUI Supplemental Retirement Annuity Plan Summary Plan Description November 2011 TABLE OF CONTENTS PAGE 1. What kind of plan is this?...1 2. Who is eligible to participate in the Plan?...2 3. Do I need

More information

Lifetime retirement income

Lifetime retirement income Lifetime retirement income The foundation to seeking a secure future Retirement income options from TIAA-CREF TIAA-CREF understands that your financial priorities can change over time. This is why we

More information

Strategies for staying on track. throughout your retirement

Strategies for staying on track. throughout your retirement Strategies for staying on track throughout your retirement TIAA-CREF and you: Planning an income for life For nearly a century, we at TIAA-CREF have dedicated ourselves to helping those who serve others

More information

401(k) Savings Plan. As of the first day of month on or following three full months of Honda employment, unless you elect not to participate

401(k) Savings Plan. As of the first day of month on or following three full months of Honda employment, unless you elect not to participate 401(k) Savings Plan The Honda 401(k) Savings Plan (Savings Plan or the Plan) allows you to save and invest for retirement with tax advantages and a savings match and other contributions from Honda. Highlights

More information

Retire from work, not life..

Retire from work, not life.. Retire from work, not life.. Program Features and Highlights The South Carolina Deferred Compensation Program (Program) is a powerful tool to help you reach your retirement dreams. As a supplement to other

More information

Supplemental 457(b) Plan Guide. A quick reference for governmental plan sponsors

Supplemental 457(b) Plan Guide. A quick reference for governmental plan sponsors Supplemental 457(b) Plan Guide A quick reference for governmental plan sponsors For Institutional Investor Use Only. Not for Use With or Distribution to the Public. Table of Contents Introduction 1 457(b)

More information

Strategies for staying on track to your retirement

Strategies for staying on track to your retirement Strategies for staying on track to your retirement TIAA-CREF and you: Planning an income for life For more than 90 years, we at TIAA-CREF have dedicated ourselves to helping those who serve the greater

More information

Your Thrift Plan Handbook... THRIFT PLAN. Thrift Plan for Retirees Table of Contents. Keys to having made the most of your savings:

Your Thrift Plan Handbook... THRIFT PLAN. Thrift Plan for Retirees Table of Contents. Keys to having made the most of your savings: Preset Mixes Table Your Thrift Plan Handbook... Keys to having made the most of your savings: THRIFT PLAN Be sure to choose a payment option To make the most of your benefits, meet with a Deseret Mutual

More information

How to make changes to your annuity income

How to make changes to your annuity income How to make changes to your annuity income What s inside 2 Your annuity income 4 TIAA Traditional annuity income 6 TIAA and CREF variable annuity income 9 Ways to adjust your annuity income 9 Transfer

More information

The Ascension Health Retirement Savings Plan. St. Mary s

The Ascension Health Retirement Savings Plan. St. Mary s The Ascension Health Retirement Savings Plan St. Mary s Our Name is Changing Diversified is the recordkeeper for the Ascension Health Retirement Savings Program. Diversified has long been focused on helping

More information

Loans from your Retirement Accounts

Loans from your Retirement Accounts Loans from your Retirement Accounts Table of contents 1 Borrowing limits and collateral 2 Getting your loan: What you need to know 4 Repaying your loan: What you need to know 6 Loans from retirement plans

More information

LOANS. TIAA-CREF Retirement Plan Loans

LOANS. TIAA-CREF Retirement Plan Loans LOANS TIAA-CREF Retirement Plan Loans TIAA-CREF Retirement and Group Retirement Annuities are tax-deferred annuities mainly used to fund retirement plans established by an employer. Depending on your employer

More information

401(k) Plan for your retirement and achieve your financial goals.

401(k) Plan for your retirement and achieve your financial goals. 401(k) Plan for your retirement and achieve your financial goals. Index Quick Index Contributions and Vesting Pages 1-3 Loans Page 4 Distributions/Withdrawals Pages 5-6 Beneficiaries Page 7 Roth 401(k)

More information

SUMMARY REVIEW COLORADO COUNTY OFFICIALS AND EMPLOYEES RETIREMENT ASSOCIATION 457 DEFERRED COMPENSATION PLAN FOR THE

SUMMARY REVIEW COLORADO COUNTY OFFICIALS AND EMPLOYEES RETIREMENT ASSOCIATION 457 DEFERRED COMPENSATION PLAN FOR THE SUMMARY REVIEW FOR THE COLORADO COUNTY OFFICIALS AND EMPLOYEES RETIREMENT ASSOCIATION 457 DEFERRED COMPENSATION PLAN TABLE OF CONTENTS INTRODUCTION... i HIGHLIGHTS... 2 PARTICIPATION... 2 Eligibility to

More information

U.S. Bank 401(k) Savings Plan Summary Plan Description

U.S. Bank 401(k) Savings Plan Summary Plan Description U.S. Bank 401(k) Savings Plan Summary Plan Description January 2012 This document constitutes part of a prospectus covering securities that have been registered under the Securities Act of 1933. HR1201W

More information

A guide to your retirement income options with TIAA-CREF

A guide to your retirement income options with TIAA-CREF A guide to your retirement income options with TIAA-CREF Helping you make important decisions about your retirement How will I know when the time is right to retire? Making the decision to retire is no

More information

Ferrum College Tax-Deferred Annuity (TDA) Plan

Ferrum College Tax-Deferred Annuity (TDA) Plan Ferrum College Tax-Deferred Annuity (TDA) Plan Restated as of February 8, 2000 Summary Plan Description This document provides each Participant with a description of the Institution's Tax-Deferred Annuity

More information

PLAN FOR YOUR FUTURE. 71% say retirement WHY ENROLL? GET STARTED TODAY ONE TWO THREE

PLAN FOR YOUR FUTURE. 71% say retirement WHY ENROLL? GET STARTED TODAY ONE TWO THREE Regions Financial Corporation 401(k) Plan PLAN FOR YOUR FUTURE You may spend 20 years or more in retirement that s a long time to go without a paycheck! Of course, there will still be bills to pay, so

More information

Traditional and Roth IRAs. Invest for retirement with tax-advantaged accounts

Traditional and Roth IRAs. Invest for retirement with tax-advantaged accounts Traditional and Roth IRAs Invest for retirement with tax-advantaged accounts Your Retirement It is your ultimate reward for a lifetime of hard work and dedication. It is a time when you should have the

More information

It s your future. Choose Pension2 TM. Pension2. Program Highlights

It s your future. Choose Pension2 TM. Pension2. Program Highlights It s your future. Choose Pension2 TM. Pension2 Program Highlights It s your future. Choose Pension2. Your plans for the future are important to us at CalSTRS. For more than 100 years, we have been the

More information

SKIDMORE COLLEGE RETIREMENT SUMMARY PLAN DESCRIPTION

SKIDMORE COLLEGE RETIREMENT SUMMARY PLAN DESCRIPTION SKIDMORE COLLEGE RETIREMENT SUMMARY PLAN DESCRIPTION Human Resources (518) 580-5800 OVERVIEW Skidmore College s Retirement Plan is designed to provide employees with flexibility in meeting individual financial

More information

KEOGHS: RETIREMENT PLANS FOR SELF- EMPLOYMENT INCOME

KEOGHS: RETIREMENT PLANS FOR SELF- EMPLOYMENT INCOME PensionPrimer KEOGHS: RETIREMENT PLANS FOR SELF- EMPLOYMENT INCOME A Topic of Interest to Retirement Plan Administrators Keoghs, tax-deferred retirement plans for self-employed individuals and their employees,

More information

DB1/ 62652676.8. Princeton University Retirement Plan Summary Plan Description

DB1/ 62652676.8. Princeton University Retirement Plan Summary Plan Description Princeton University Retirement Plan Summary Plan Description Princeton University Princeton University Retirement Plan Summary Plan Description January 2012 Table of Contents Page INTRODUCTION... 1 ELIGIBILITY

More information

How to Set Up a Self-Directed Brokerage Account

How to Set Up a Self-Directed Brokerage Account How to Set Up a Self-Directed Brokerage Account Your North Dakota Public Employees Retirement System 401(a) Defined Contribution Plan and 457(b) Deferred Compensation Companion Plan How to Set Up a Self-Directed

More information