人妻少妇专区

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 1,000 hours in the Plan Year (July 1-June 30).

*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.

Service completed at any higher educational institution, teaching hospital, not-for-profit research foundation, or not-for-profit support organization for higher educational institutions, as well as service at a member of the controlled group of the University, will count towards the two-year service requirement.

To receive credit for service at another eligible institution, you must complete the retirement service credit form that is in the on-boarding tasks in myURHR workday. If you do not complete it during that process, you will need to type in the search bar 鈥淐reate Request鈥� and click the 鈥淐reate Request鈥� result. You will then be prompted for a Request Type; select 鈥淎ll,鈥� then select 鈥淯R 403b Service Credit Request Form,鈥� and click 鈥淥K.鈥� Complete the form entirely and click 鈥淪ubmit鈥�. Please submit your service credit waiver within 90 days of your hire date so we may process contributions retroactively.

* As of August 1, 2023, members of the controlled group of the 人妻少妇专区 include: Highland Hospital, Highlands at Pittsford, Highlands at Brighton, Highlands Living Center, Inc, UR Medicine Home Care (previously Visiting Nurse Service, Visiting Nurse Signature Care), Nicholas H. Noyes Memorial Hospital, Jones Memorial Hospital, F. F. Thompson Health System, Inc., St. James Hospital, and Finger Lakes Health.

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. Detailed eligibility information can be found on the聽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%. You may elect to change or cease contributions at any time.

You may elect to make Voluntary Contributions as soon as you are hired, and you may increase, decrease or begin making Voluntary Contributions any time during the year. Complete your election online at聽聽or via telephone at聽(800) 410-6497, Monday鈥揊riday, 8 a.m鈥�10 p.m. (ET).

Effective July 1, 2024: 6.2% of eligible compensation, up to the breakpoint ($65,000), then 10.5% of eligible compensation in excess of the breakpoint, up to the IRS limit ($345,000).

No, the 人妻少妇专区 Retirement Program is not a matching plan. For the Plan Year during which you satisfy the eligibility requirements, Direct Contributions will be made for eligible compensation paid for full payroll periods after you satisfy the eligibility requirement, regardless of your Voluntary Contributions.

The University Direct Contribution is deposited directly into your TIAA account, and does not appear on your paycheck. To review your contributions, log into your TIAA account online聽聽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, and designate your beneficiaries online at聽聽or by phone at聽(800) 410-6497.

You will receive your first contribution on earnings from the first full pay period in which you are eligible. If you become eligible in the middle of a pay period, you will receive your first contribution with the next pay period鈥檚 earnings.

You can contribute in one of the two ways listed below or a combination of both:

• Pre-Tax 403(b) 鈥� Tax-deferred Voluntary Contributions are deducted from your gross wages before amounts are taken out for income taxes and deductions. This reduces your taxable income by the amount of your Voluntary Contributions, which means you pay less in income taxes.
• Roth After-Tax 403(b) 鈥� With the Roth after-tax option, your contribution is taken out of your paycheck after your income is taxed, which does not lower your current taxes.聽Find detailed information on the Roth contribution option聽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.

Maximum annual Voluntary Contribution limits for Calendar Year 2025:

• For those under age 50: $23,500
• For those age 50 or older by December 31: $31,000

• For those age 60, 61, 62, or 63 as of December 31, 2025鈥�$34,750

Note: Any employee contributions made to another employer鈥檚 plan in the current calendar year count in applying the employee contribution limits (i.e., the $23,500; $31,000 and $34,750 limits).

You may be able to 鈥榬oll鈥� a distribution from another unrelated employer鈥檚 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 陆 (if you were born before July 1, 1949) or 72 (if you were born after June 30, 1949)
• The distribution was not part of a series of substantially equal periodic payments paid over 10 or more years, your lifetime, or the lifetimes of you and your beneficiary;
• The rollover does not include your own after-tax (Roth) contributions;
• The rollover was not a hardship distribution.
• 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聽(800) 410-6497.

You may choose from wide range of mutual funds and annuity options from well-known financial providers. View the聽Investment Menu聽for more information. Additional information on these funds, including performance, can be found at聽聽and select 鈥淚nvestment Options.鈥�

TIAA can help you to understand, enroll, and manage your participation in the 人妻少妇专区 Retirement Program at no additional cost. Call聽(800) 410-6497聽or visit聽.

Summary of When You May Withdraw Accumulations

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.

When you sever from employment from the University and members of its controlled group, you have four options with your accounts:

• Continue to maintain your accounts with the University鈥檚 record keeper, TIAA.
• Withdraw your accumulations. You will be required to pay ordinary income taxes, as well as a 10% penalty if you withdraw before the age of 59陆 in most instances.
• Rollover your accumulations to an IRA*.
• Rollover your accumulations to another employer retirement plan, if the plan accepts the rollover.

Note: If you are currently employed by, or become employed by a member of the controlled group, you may not withdraw or rollover your 人妻少妇专区 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. Detailed eligibility information can be found聽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 人妻少妇专区 403(b) Retirement Program. Detailed eligibility information can be found聽here.