TIAA and Fidelity Supplement Retirement Account Contribution Changes
Beginning December 17, 2024, you’ll have access to the new USM Retirement@Work® portal, allowing you to enroll or modify your Supplemental Retirement Account (SRA) contributions electronically through Fidelity or TIAA.
What to Know?
- If you need to adjust your TIAA or Fidelity SRA plans for 2024, submit your changes (start, stop, or modify contributions) using the current Deduction Authorization form by November 20, 2024. Further instructions can be found here under the Voluntary Supplemental Retirement Section.
- You cannot change your 2024 contribution rate or newly enroll from November 18 to December 16, 2024.
- Once the new system goes live in December, you can resume making changes, but they will only take effect for the 2025 calendar year.
- This new system does not affect Supplemental Retirement Accounts with Nationwide; you can continue to make changes directly through Nationwide.
Stay tuned for additional updates!
Tags: General, Office of Human ResourcesCategorised in: General
This post was written by Barnes, Joy