Retirement FAQs

Regular full-time or regular part-time faculty or staff member, after two years of service*.

TAR staff are eligible if they satisfy the two-year service requirement* and if they work a minimum of 1,计划年度内的000小时(7月1日至6月30日).

*For eligibility purposes, a year of service means a 12-month period starting with the date you commence employment and any anniversary date thereof during which you complete 1,000 or more hours of service.

在任何高等教育机构完成的服务, teaching hospital, not-for-profit research foundation, 或高等教育机构的非营利性支持组织, 以及在大学控制组的成员中服务, 会否计入两年服务规定.

在其他合资格院校服务而获学分, you may complete the retirement service credit waiver in HRMS (Main Menu>Self Service>Benefits>Retirement Service Credit). Please remember to submit your service credit waiver within 90 days of your hire date so that we may process contributions retroactively.

* As of August 1, 2023, members of the controlled group of the University of Rochester include: Highland Hospital, Highlands at Pittsford, Highlands at Brighton, Highlands Living Center, Inc, 泌尿外科医学家庭护理(以前是探访护士服务), Visiting Nurse Signature Care), Nicholas H. 诺伊斯纪念医院，琼斯纪念医院，F. F. Thompson Health System, Inc., St. 詹姆斯医院和芬格湖健康中心.

All employees are eligible to make Voluntary Contributions; except you are not allowed to participate if you are a student whose employment is incidental to your education at the University. 详细的资格信息可在 Eligibility and Enrollment page.

In addition, eligible employees will be automatically enrolled (explained below) to make Voluntary Contributions.

What is Automatic Enrollment?

Newly hired or rehired, regular full-time and regular part-time faculty and staff members will automatically be enrolled to make Voluntary Contributions. Automatic contributions will be made from your pre-tax eligible compensation each pay period at 3%. Effective July 1, 2020, your salary deferral election will increase 1% annually on the anniversary of your hire date to a maximum of 15%. 阁下可随时选择更改或停止供款.

你可选择在受雇后立即作出自愿性供款, and you may increase, 年内任何时间减少或开始作出自愿性供款. Complete your election online at TIAA.org/rochester or via telephone at (800) 410-6497, Monday–Friday, 8 a.m–10 p.m. (ET).

Effective July 1, 2024: 6.合格赔偿的2%，直到断点(65,000美元)，然后是10%.超过断点的合格薪酬的5%，不超过美国国税局的限额(345,000美元).

大学直接捐款直接存入您的TIAA账户, 也不会出现在你的薪水单上. 要查看您的供款，请在线登录您的TIAA账户 (TIAA.org/Rochester) or review your quarterly statement.

You are not required to take action to begin receiving University Direct Contributions; however, you can complete your enrollment, elect your investment allocations, 并在网上指定受益人 TIAA.org/rochester or by phone at (800) 410-6497.

You will receive your first contribution on earnings from the first full pay period in which you are eligible. 如果你在发薪期的中间才有资格, 你将会收到你的第一笔供款和下一个工资期的收入.

您可以通过以下两种方式中的一种或两种方式的结合做出贡献:

• Pre-Tax 403(b) – Tax-deferred Voluntary Contributions are deducted from your gross wages before amounts are taken out for income taxes and deductions. 自愿性供款会减少你的应课税入息, 这意味着你交的所得税少了吗.
• 罗斯税后403(b) -有罗斯税后选项, 在你的收入纳税后，你的捐款会从你的薪水中扣除, 这不会降低你当前的税收. 查找有关罗斯供款选项的详细信息 here.

Your combined pre-tax and Roth after-tax Voluntary Contributions to the Retirement Program may be made in any amount up to the limits imposed by the Internal Revenue Code.

2024历年年度自愿供款最高限额:

• For those under age 50: $23,000
• 12月31日之前年满50岁的:30,500美元

Note: Any employee contributions made to another employer’s plan in the current calendar year count in applying the employee contribution limits (i.e., the $23,000 and $30,500 limits).

You may be able to ‘roll’ a distribution from another unrelated employer’s plan and certain IRAs to the Retirement Program, provided that the distributing plan or IRA was qualified and the following requirements are met:

• The distribution was not a required minimum distribution because of your age 70 ½ (if you were born before July 1, 1949)或72(如果你出生在6月30日之后), 1949)
• The distribution was not part of a series of substantially equal periodic payments paid over 10 or more years, your lifetime, 或者你和你的受益人的一生;
• 转期不包括你自己的税后(罗斯)供款;
• 展期并不是艰苦分配.
• Rollover contributions will be subject to the same withdrawal rules that apply to your Voluntary Contributions.

If you have any questions about rollover contributions or would like to initiate a rollover into the Retirement Program, contact the record keeper, TIAA, at (800) 410-6497.

You may choose from wide range of mutual funds and annuity options from well-known financial providers. View the Investment Menu for more information. 有关这些基金的更多信息，包括业绩，可在以下网址找到 TIAA.org/rochester and select “Investment Options.”

TIAA can help you to understand, enroll, and manage your participation in the University of Rochester Retirement Program at no additional cost. Call (800) 410-6497 or visit TIAA.org/urschedule.

何时可提取累积款摘要

The IRS prohibits the termination of employment by an individual with the intent to be rehired in order to access funds in the Retirement Program of the University or members of its controlled group.

当你从学校及其控制小组成员中离职时, 您的帐户有四种选择:

• 继续在大学的记录管理员TIAA上维护你的账户.
• Withdraw your accumulations. 你将被要求缴纳普通所得税, 在大多数情况下，如果你在59岁半之前取钱，还会有10%的罚款.
• 将你的累积转入个人退休帐户*.
• Rollover your accumulations to another employer retirement plan, if the plan accepts the rollover.

注:如果你目前受雇于, 或者受雇于控制组的成员, you may not withdraw or rollover your University of Rochester Retirement Program accumulation.

* You cannot rollover Roth 403(b) accumulations to an IRA that does not qualify as a Roth IRA.

The IRS prohibits the termination of employment by an individual with the intent to be rehired in order to access funds in the Retirement Program of the University or members of its controlled group.

The 403(b) Retirement Program allows eligible employees the opportunity to save for retirement on a tax-advantaged basis and provides a direct contribution toward retirement savings. 详细的资格信息可以找到 here.

The Deferred Compensation 457(b) Plan allows eligible participants to accumulate tax-deferred savings for retirement or other financial needs beyond the limits of the University of Rochester 403(b) Retirement Program. 详细的资格信息可以找到 here.