ATTENTION: Regular-Status employees at 50-100% FTE
RCUH is now coordinating one-hour Individual/Employee Retirement (GRA/SRA) Plan Advisory Sessions with TIAA via virtual meetings December 13-15. Regardless of how long you have been employed, it is never too early or too late to consider retirement planning. During these individual personalized sessions, you will be able to discuss your personal financial/retirement goals with a TIAA Financial Consultant on a free and confidential basis.
Because these sessions are being held during normal business hours, all employees must notify their PIs and supervisors if they would like to attend. Principal Investigators are encouraged to allow their employees to attend the TIAA Advisory Sessions during work hours.
The SRA (Supplemental Retirement Annuity) plan, unlike the GRA (Group Retirement Annuity) plan, does not have a 12-month + 1000 work hour waiting period and you may enroll or make changes to your election at any time during the year. The SRA plan with TIAA is considered a 403(b) tax-deferred annuity plan which allows an employee to make contributions via payroll deduction from his/her pre-tax earnings over and above the amount being accumulated under the RCUH basic retirement plan (GRA).
For 2022, the IRS has announced maximum allowable contributions have increased to $20,500. Employees who are age 50 or over at the end of the calendar year can also make catch-up contributions of $6,500. Please visit the IRS website for more details regarding 403(b) Contribution Limits.
For more information about the GRA and SRA plans, please review Policy 3.560 RCUH Retirement Plans.
We have reserved the following dates and times for individual sessions:
|Monday, December 13||Virtual|
|Tuesday, December 14||Virtual|
|Wednesday, December 15||Virtual|
If you have questions or are unable to schedule an appointment online, please call TIAA’s Service and Scheduling Group at (800) 732-8353 Mon-Fri 7am – 1pm Hawaiʻi Standard Time.
Relevant Forms and Documents:
TIAA-SRA Supplemental Retirement Annuity – Agreement for Salary Reduction Form (B-6)
Meetings are accessible for individuals with disabilities. Individuals who require special needs accommodations may request assistance in writing to [email protected] prior to the scheduled meeting.