UNIVERSITY PARK, Pa. – Penn State offers two supplemental retirement programs through the Teachers Insurance and Annuity Association (TIAA). The 403(b) tax-deferred annuity and 457(b) deferred compensation plans are available regardless of an employee’s participation in the Penn State Alternate Retirement Plan, the State Employees’ Retirement System (SERS), or the Public School Employees’ Retirement System (PSERS).
Employees may enroll at any time throughout the year by completing an enrollment form through the benefits tab in Workday. During your enrollment, you will be able to select how your contributions will be allocated among investment options. You will also be asked to select your beneficiaries.
For more information on eligibility, contributions, and contributions limits, see the Universal Availability Notice. Employees with questions should reach out to TIAA at 800-842-2252.