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All benefit-eligible UCAR employees currently contribute 5% of their salary to the TIAA-CREF Retirement Plan. And you are eligible to contribute more.
Employees under age 50 may contribute up to the 2014 annual limit of $17,500. Employees over age 50 may contribute an additional catch-up amount of $5,500 for a total 2014 annual maximum of $23,000. Please note that these amounts do not include the contributions made into your Mandatory Retirement Annuity (RA) account, your current 5% contribution.
To contribute additional funds to your retirement account, you may open a Group Supplemental Retirement Annuity account (GSRA) and contribute up to the annual limits described above. Access “http://www1.tiaa-cref.org/tcm/ucar“, click “Enroll Now” and then click "Supplemental/Optional Retirement Plan." If you already have an online profile with TIAA-CREF, enter your user ID, click "Login" and follow the prompts to open an account. If you do not have an online profile, please click "Register with TIAA-CREF" and follow the prompts.
After completing the enrollment on the website, please complete the TIAA-CREF Election Change Form with your requested per pay period contribution and forward to Irena Haimsky in Human Resources.
For more information about your TIAA-CREF benefits, contact Cyd Perrone, x8710, or Irena Haimsky, x8706. If you need investment advice, please contact TIAA-CREF directly at 1-800-842-2776.