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Resources and Announcements

IRS Announces Retirement Plan Contributions for 2020

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
Exceptions to Tax on Early Distributions
Social Security 2019 Red Book  
A Summary Guide to Employment Supports for Persons with Disabilities under The Social Security Disability Insurance (SSDI) and Supplemental Security Income (SSI) Programs.

Discontinuation of Payment of Unused Sick Leave Program

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.