Retirement Salary Reduction Agreement - Maximize Contributions Header Image

Retirement Plan: Salary Reduction Agreement to Maximize Contributions

This form is to designate Maximized Retirement Contributions. To designate Matched Retirement Contributions and Supplemental (Unmatched) Retirement Contributions, please complete the Retirement Plan: Salary Reduction Agreement form.

Please note that any contributions from prior employers may count toward the IRS maximum, please check with Benefits for more information.



Effective Date for Maximized Contributions*
Match Eligibility*
Catch-Up Contribution Eligibility*
Catch-Up Contribution Election*

Please note that, if eligible, the first 3% of salary subject to this election will be contributed to the Retirement Annuity Plan and that the remaining unmatched contributions will be allocated in the percentage(s) as indicated on this form.

A Participant’s optional unmatched contributions must be allocated by the Participant to either a Group Supplemental Retirement Annuity and/or a Retirement Annuity.

  • Amounts allocated to the Group Supplemental Retirement Annuity (GSRA) can be withdrawn from the Plan by the Participant for any reason immediately after he or she attains age 59-½.
  • A Retirement Annuity (RA) receives a higher interest rate under the TIAA Traditional Annuity. However, amounts allocated to a Retirement Annuity can only be transferred from TIAA Traditional to CREF (or TIAA Real Estate) over a 10-year period.
Retirement Fund Account Selection*
This must equal 100%


Subject to any limitations set forth in the Internal Revenue Code and effective for salary paid on or after the effective date as designated in this form, the Employee’s base salary as defined in the College Retirement Income Plan will be reduced by the legal maximum contribution each year and will be dispensed into the College Retirement Annuity Plan (RA) and/or the Group Supplemental Retirement Annuity (GSRA) in the elected percentages as designated in this form. 

These contributions will be allocated among TIAA accounts as designated by the Employee.

This agreement will continue in effect so long as the Employee’s employment with the College continues or until a new salary reduction agreement is executed by the Employee and the College; provided, however, that either the Employee or the College may terminate this agreement at any time by giving at least thirty (30) days written notice of the date of termination.

This agreement is subject to the provisions of the College Retirement Income Plan as amended from time to time, including the vesting provisions in the plan.

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