This form is to designate Supplemental (Unmatched) and Matched Retirement Contributions. If you intend to contribute the maximum annual contributions, please complete the Retirement Plan Maximize Contributions form.
Williams College will send an amount equal to this salary reduction to TIAA-CREF as contributions on behalf of the Employee to the following funds in the percentages indicated in this form: the College Retirement Annuity Plan (RA); and/or the Group Supplemental Retirement Annuity (GSRA).
A Participant’s optional unmatched contributions must be allocated by the Participant to either a Group Supplemental Retirement Annuity or Retirement Annuity.
NOTE: You must have fulfilled the one-year of service requirement to contribute unmatched contributions to the Retirement Annuity (RA).
Williams College will equally match the amount of this salary reduction and send the employee’s salary reduction amount and the College matching contribution to TIAA on behalf of the Employee, allocated among TIAA and CREF accounts as designated by the Employee.
Eligibility is reached:
See Retirement Plan Eligibility and Credited Service for more details.
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 elected percentage 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 for unmatched supplemental contributions and/or optional matched contributions 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.
You have not made any elections at this time. Please confirm your selections before submitting this form.
HR should take action on this request.