Policy A-16

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Supplemental Retirement Plans

Employees (50% or more FTE) can participate in either or both of these plans.

IU Tax Deferred Annuity Plan, a voluntary 403(b) plan

  • Employees may make voluntary salary deferral contributions up to IRS-allowed maximums.
  • Contributions and account earnings are tax deferred until withdrawn.
  • Withdrawals may only begin after age 59½ or after termination of employment with the university.
  • Employees can choose from investment opportunities at TIAA-CREF, Fidelity Investments, AUL, and AIG VALIC.
  • Effective July 1, 2008 all full-time new hires are automatically enrolled at five percent of salary, invested in age-appropriate TIAA-CREF Lifecycle® Funds

IU Retirement Savings Plan, a voluntary 457(b) plan

  • Employees may make voluntary salary deferral contributions up to IRS-allowed maximums.
  • Contributions and account earnings are tax deferred until withdrawn.
  • Withdrawals may only begin after termination of employment with the university.
  • Employees can choose from investment opportunities at TIAA-CREF and Fidelity Investments.
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