TO: All Eligible Regular-Status Employees that wish to maintain the Maximum Allowable Contribution in the Calendar Year
There is no change to the maximum dollar contributions for the 403(b) Supplemental Retirement Annuity plan, tax year 2021. The effective January 1st, 2021 maximum contribution limits are found in the table below:
|Under 50 years old||$19,500.00|
|50 years old and above||$26,000.00|
To review if you are currently participating to the SRA plan and the amount you are contributing:
- Visit the Employee-Self Service portal > Benefits > Benefits Summary > SRA (TIAA) under the Employee paid column. SRA contributions are deducted each pay period.
If you are contributing to one of the amounts below and will still be in the same age category in the year 2021, there is NO ACTION NEEDED if you wish to continue to contribute to the maximum allowable.
If you are under 50 Years old: $812.50 per pay period
If you are 50 years old and above: $1,083.34 per pay period
If you would like to adjust your SRA contribution, please follow the procedure below.
- Complete the Agreement for Salary Reduction Form (Form B-6).
- Submit the form to RCUH Human Resources no later than December 23rd, 2020 (if you would like to contribute for the effective date 12/16/20) via:
- Scan/email to [email protected]
- Fax to (808) 956-5022
- Mail to:
John A. Burns Hall, 4th Floor Makai Wing
1601 East-West Road
Honolulu, HI 96848
If you have any questions, please contact RCUH Human Resources Department’s Benefits Office via email at [email protected].
Thank you and Happy Holidays!