Scope

Full-time faculty and salaried administrative employees.

Policy

As of 1/1/2024 full-time faculty and salaried administrative employees, will be immediately eligible for participation in the College’s retirement program. Employer contributions under this retirement plan will be made on a monthly basis and deposited to the employee’s TIAA/CREF Retirement Account in accordance with the following schedule:

Employer Contributions as a Percent of Base Salary = 6%

Employee Contributions are voluntary

Please refer to the Retirement Program benefits page for more information and the Summary Plan Document for complete plan details.

Procedure

Further information is available through the Human Resources Office or by contacting TIAA directly using the 800 phone number on your TIAA statement.

TIAA/CREF Contact Information:

Web Page

TIAA-CREF Automated Telephone Service: 1 800 842-2252

• Use touch-tone entry to change your allocation or transfer funds, get accumulation balances and last premium credited, and/or hear prerecorded information on CREF account performance and TIAA interest and dividend rates.
• Available 24 hours a day.

Speak with an individual consultant about your TIAA retirement plan or tax-deferred annuity.

Micah White, Financial Consultant | TIAA Retirement Advice and Counseling

777 E. Eisenhower Parkway | Suite 100,Ann Arbor, MI 48108

Toll Free: (734) 332-3513

[emailprotected]

Modification date 1/1/2024