401(a) Defined Contribution Plan
Mandatory for all benefits-eligible employees
Benefits-eligible employees are required to contribute six percent (6%) of their
gross pay into a TIAA 401(a) Defined Contribution Plan which will be matched by an additional
six percent (6%) provided by the University. Both the employee and employer contributions
are fully vested and available to the employee should employment with WVU be discontinued.
Participation is required by West Virginia State law and begins with the employee’s
first paycheck. Loans are available from your contributions to your account.
Employees determine their investment allocation(s) among the many accounts available and maintain control through allocation changes and transfer options within the vendors’ systems.
Retirement Vendor Contacts:
TIAA Retirement:
Enroll Here! or call 1.800.842.2252
Schedule a one-on-one consultation.
West Virginia State Teacher’s Retirement System (TRS):
The University also has a grandfathered retirement plan called the WV State Teachers
Retirement System (TRS) that was closed to new enrollees in higher education by
the state in 1991. State Teachers may be contacted at 800-654-4406.