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Important changes are coming soon to retirement programs for state employees

Important changes are coming soon to retirement programs for state employees

The West Virginia Higher Education Policy Commission (the Commission) has recently voted to approve important plan management changes that will benefit all participants of the Qualified 401(a) Plan, and the 403(b) and 457(b) Supplemental Plans. There is no action required from WVU employees at this time. 

Starting in mid-September 2019, the Commission will introduce:

  • New investment options
  • Lower retirement plan servicing fees
  • New TIAA accounts
  • A single plan administrator/recordkeeper - TIAA
A transition guide with additional information will be mailed to state employees the week of August 12, 2019.
Employees may direct their questions to TIAA at 800-842-2252.