Retirement Benefits

Retirement Benefits


Supplemental Retirement Annuity

  • Employee contribution
  • No waiting period: can begin on the next available paycheck

2020 IRS Maximum Contributions
Under age 50: $19,500
Age 50+: $19,500 + $6,500 Catch Up

How to enroll

Open a TIAA account online at https://www.tiaa.org/tc

  • Designate beneficiaries
  • Allocate investment options

Submit a Salary Reduction Agreement Form to your HR Representative.

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).

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