Important Enhancements Announced to USM Supplemental Retirement Plans
We are pleased to share that changes to the USM Supplemental Retirement Plans have been approved and are effective on February 18, 2020.
Enhancements include a new Roth option, new investment options, change to retirement plan fees, and new self-directed brokerage options. Please see the Chancellor’s announcement and the TIAA and Fidelity guides on the Retirement Benefits webpage.
Those currently enrolled can expect communications directly from their vendor in the coming weeks. For those who would like to enroll, please consult with Fidelity or TIAA prior to filling out your enrollment and payroll deduction forms.
We encourage you to continue saving towards your retirement and to communicate regularly with your supplemental plan vendor. Please visit the Retirement Benefits webpage for contact information or to schedule an individual counseling session.
Tags: Benefits, Faculty and Staff, Office of Human ResourcesCategorised in: General
This post was written by Morrow, Jennifer G.