Category: Benefits News

Retirement Plans Webinar Scheduled for July 30

TIAA will host a retirement benefits webinar for all UA system employees on July 30 at 9:00 a.m. Participants will learn more about the retirement plans offered by TIAA and how they complement the TRS pension.  Other topics include: the importance of starting to save early, budgeting, investing 101 basics, social security, and basic money management principles.  Register here.

Special TIAA Seminar on Recent Market Volatility

A TIAA Financial Essentials webinar

Global Lookout: When is it safe to come out?

Join us for a special webinar where Brian Nick, Nuveen Chief Investment Strategist,
will share his perspective on the recent market volatility.

He will cover what’s driving current volatility, some strategies to help you deal with
the current market swings, as well as what this could mean for you.

Register today for this live webinar on Wednesday, March 25, 2 p.m. to 3 p.m. (ET).

Featured speaker:
Brian Nick, CAIA
Nuveen Chief Investment Strategist

Brian has over fifteen years of experience analyzing economic and market data and developing
investment strategies for client portfolios.

As Chief Investment Strategist, Brian is a member of Nuveen’s Global Investment Committee, where he
works closely with the firm’s investment leaders to identify investment trends and provide insights on
events driving market activity. He is also a voting member of the asset allocation committee of Nuveen’s
parent company, TIAA. Previously, Brian served as Head of Tactical Asset Allocation for UBS Wealth
Management Americas, and as a senior investment strategist at Barclays Wealth. He began his career in
the Markets Group at the Federal Reserve Bank of New York.

Brian graduated with a bachelor’s degree in Economics and Government from Dartmouth College and a
master’s degree in Economics from New York University, and holds the designation of Chartered
Alternative Investment Analyst® (CAIA®).

Register and view the full information 

2020 Teacher’s Retirement Systems Seminars

2020 TRS Retirement Preparation Seminars

If you are within 5 years of retirement eligibility, learn more about your RSA Benefits at a 2020 TRS Retirement Preparation Seminars. Register online at www.rsa-al.gov or mail in a completed registration form

Dates for Tuscaloosa are: March 4th, March 5th, October 14th, and October 15th. Dates for other locations can be found here

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2020 TRS Early to Mid Career Seminars

The Retirement Systems of Alabama proudly offers our half-day seminars that focus on your retiremetn and insurance benefits. If you’ve just began work in public education or have less than 20 years of TRS service credit and are less than 55 years of age, then you are eligible to attend. You can register online now at  http://www.rsa-al.gov or mail in a completed registration form

Dates for Tuscaloosa are: March 3rd. Dates for other locations can be found here.

Changes are coming to the voluntary retirement plans

The University of Alabama System (UAS) is committed to providing our employees with competitive retirement benefits.  A comprehensive review of the UAS voluntary retirement plans was recently conducted to identify opportunities to streamline and simplify plan participation and administration while reducing fees. As a result of this review, UAS plans will transition from two providers, VALIC and TIAA, to one plan provider, TIAA. TIAA will be the sole provider to administer the UAS voluntary retirement plans beginning in the fall of 2019. Participants may continue to contribute to plans under VALIC or TIAA until the transition takes place.

As a result of this change, participants will benefit from:

  • Reduced plan fees
  • Easier access to participant account information
  • Simplified management of participant accounts
  • Enhanced investment options and financial services

There are no actions you need to take at this time

When the transition occurs this fall, retirement plan assets currently invested with VALIC will be transferred to TIAA. TIAA will provide additional education and retirement plan services to help participants make informed decisions about their financial future. TIAA is working to ensure participants will have all the information needed regarding this change and how they will be affected. Later this summer, additional transition details, including investment option changes, will be mailed to participants’ home address.

 We’ll help you through the transition

Retirement planning is important – to balance the desire to live well today, with the need to save and invest for tomorrow. As the transition moves forward, participants will be updated. TIAA will be onsite providing seminars and will be available to answer questions. Participants will continue to receive important information about these changes throughout the summer months. Please watch for and review all information you receive carefully so you can make the most of your retirement plan benefits.  If you are not currently participating in a voluntary retirement program, we hope you will take this opportunity to consider your options.