Resources and Announcements
The IRS announces the limits on retirement contributions:
-403(b) & 457(b) limit increases from $19,000 to $19,500
-Over age 50 catch up contribution increases from $6,000 to $6,500
-401(a) compensation limit increases from $280,000 from $285,000
Read more about Supplemental Retirement Accounts (SRA) and how to make changes to your retirement contributions.
Complete a Salary Reduction Agreement to make changes to an existing SRA with TIAA.
TIAA On-Campus Counseling Sessions
To schedule an individual session on campus, please visit the TIAA scheduling website or call (800) 732-8353.
IRS Retirement Topics
Effective June 22, 2017 the West Virginia State Legislature has eliminated funding for the State Employee Sick Leave Fund. The fund was created by W. Va. Code §5-5-6 in 2009 and provided eligible employees an option to receive payment for their unused sick leave. Effective with the elimination of the sick leave fund due to recent state budget cuts, requests for payment of unused sick leave are no longer being accepted or approved by the State Department of Administration.
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 savings.
Please visit the Annual 403(b) Universal Availability Notice website for additional information.