Resources and Announcements
The IRS announces the limits on retirement contributions:
-403(b) & 457(b) limit remains the same at $19,500
-Over age 50 catch up contribution remains the same at $6,500
-401(a) compensation limit increases from $285,000 from $290,000
Read more about Supplemental Retirement Accounts (SRA) and how to make changes to your retirement contributions.
TIAA New and Resources
West Virginia Higher Education Policy Commission (the Commission) has adopted retirement plan changes as a result of the Coronavirus Aid, Relief and Economic Security (CARES) Act
- CARES Act and Required Minimum Distributions
- Schedule a virtual individual counseling session with a TIAA financial consultant:
Social Security News and Resources
Join Social Security for a full-day virtual event on Tuesday, June 15, 2021 (beginning at 9:45 a.m.) to discuss lessons learned from past tests of policies and programs to improve beneficiary work outcomes and directions for future research.
- Get Your Social Security Benefit Statement (SSA-1099 / SSA-1042S)
Tax season is approaching, and replacing your annual Benefit Statement has never been easier. The Benefit Statement, also known as the SSA-1099 or the SSA-1042S, is a tax form we mail each year in January to people who receive Social Security benefits. It shows the total amount of benefits you received from us in the previous year so you know how much Social Security income to report to the Internal Revenue Service on your tax return.
If you live in the United States and you need a replacement form SSA-1099 or SSA-1042S, simply go online and get an instant, printable replacement form using your personal my Social Security account at www.ssa.gov/myaccount. A replacement SSA-1099 or SSA-1042S is available for the previous tax year after February 1.
- Statement about Service from Andrew Saul, Commissioner of Social Security
- New Standardized Benefit Verification letters now available online!
- Social Security Announces New Online Video Hearings
- Supplemental Security Income Recipients Will Receive Automatic COVID-19 Economic Impact Payments
- New Guidance about COVID-19 Economic Impact Payments for Social Security and Supplemental Security Income (SSI) Beneficiaries
- Social Security Benefits Will be Paid On Time and Other Updates Related to the COVID-19 Pandemic
- Social Security Offices Closed to the Public
- Inspector General Warns Public About New Social Security Benefit Suspension Scam
Visit https://www.ssa.gov/coronavirus/ for up to date information.
To get more Social Security news, follow the Press Office on Twitter @SSAPress.
IRS Retirement Topics
Annual 403(b) Universal Availability Notice West Virginia University
(the "University") is a participating employer of the West Virginia Higher
Education Policy Commission and West Virginia Council for Community and Technical
College Education 403(b) Tax Deferred Retirement Savings Plan (the "Plan").
All employees of the University, including employees not eligible for benefits,
can voluntarily elect to defer a portion of their wages to the Plan for retirement
Please visit the Annual 403(b) Universal Availability Notice website for additional information.