Retirement Benefits

Retirement Benefits


Supplemental Retirement Annuity TC Basic Annuity (Retirement Annuity) TC Matching Contribution
  • Employee contribution
  • No waiting period: can begin on the next available paycheck
  • Employer contribution
  • Two year waiting period
  • Employee and Employer contribution
  • Two year waiting period


2024 IRS Maximum Contributions
Under age 50: $23,000
Age 50+: $23,000 + $7,500 Catch Up

 

Employee Contribution*

Employer Match*

Employer Basic*

0%

0%

5%

0.5%

1.25%

5%

1%

2.5%

5%

1.5%

3.75%

5%

2%

5%

5%

*Eligibility after 2 years of service, unless certificate of prior service is provided

How to Enroll

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

  • Designate beneficiaries
  • Allocate investment options

To elect your contributions: 

  • Log on to your TIAA online account 
  • Click on “Actions”
  • Click on “Manage contributions”

If you qualify for the two-year waiting period waiver, complete and submit the Certification of Prior Service Form as well. 

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