Retirement Benefits
Supplemental Retirement Annuity
- Employee contribution
- No waiting period: can begin on the next available paycheck
2024 IRS Maximum Contributions
Under age 50: $23,000
Age 50+: $23,000 + $7,500 Catch Up
How to enroll
Open a TIAA account online at https://www.tiaa.org/tc
- Designate beneficiaries
- Allocate investment options
Plan Administrator: Mercer, 888-824-2391
This plan is a defined benefit pension plan.
The plan allows only for College contributions.
Employees are automatically enrolled after reaching 1,000 hours of service in a 12-month period.
Employees are 100% vested after 5 years of service (0% vested until 5 years is met).