Looking Ahead at Retirement
It’s never to early to start planning for retirement and as an employee at The University of Alabama, you have a number of ways to save. Below are retirement plans and saving options that employees have access to at The University of Alabama.
If you have any questions about The University of Alabama’s optional retirement plans or TRS mandatory retirement plan, contact the UA service center at 205-348-7732 or email at firstname.lastname@example.org.
Mandatory Retirement Plan
All persons employed by state-supported educational institutions are required to participate in the Teachers Retirement System benefit plan of Alabama. TRS has created a new Tier 2 Defined Benefit plan for employees hired after January 1, 2013.
For more information on the Teachers’ Retirement System, visit their website at www.rsa-al.gov/TRS/trs.html
The University of Alabama is proud to offer our employees retirement savings plans provided by two of the leading financial services companies in the country: TIAA and VALIC. All University Employees may choose to contribute to one or both of our 403(b) or 457(b) retirement savings plans. Although most participants choose to take advantage of pre-tax contributions, Roth post-tax contributions are available in both plans. All contributions are made by payroll deduction.
Saving and Retirement Courses
We know that your money matters and we want to help you invest in the most sensible and rewarding way. The University of Alabama offers courses that will get you ready to invest and prepare you for a happy retirement. For a listing of savings and retirement courses log in to the Human Resource Development Online Course Registration web page using your myBama email address and your CWID.
RetPrep Seminars are FREE full day retirement preparation seminars presented by Retirement System of Alabama.
Retirement Manager is a convenient web based access point for enrolling or changing the contributions to your optional retirement savings plans.