Retirement Benefits
TIAA Retirement Plan
- View Stonehill's plan description document
- Learn about Stonehill-specific offerings
- Schedule a one-on-one interview with a TIAA professional
- New employee on-line enrollment
- View all of TIAA's products and service
- Create your user account login (you'll need your account numbers)
- View your account or change your allocations
- Update your contact and beneficiary information
- Contact TIAA by phone: 800-842-2252
All full-time faculty and staff may complete enrollment for their own deferral to Stonehill's retirement plan through the Teachers Insurance and Annuity Association (TIAA) as soon as administratively possible upon hire.
Under the plan, after meeting the one-year requirement, Stonehill automatically contributes 5% of your base salary to the plan. If you choose to make a contribution to the plan, Stonehill will currently match up to an additional 3%. For example, if you contribute 3%, the College will make an 8% contribution (5% automatic + 3% match). The maximum contribution by the College currently is 8%. All employee contributions are made on a tax-deferred basis and are exempt from federal and state withholding, unless you select a Roth plan. You are fully vested in all contributions immediately.
GROUP SUPPLEMENTAL RETIREMENT ANNUITY (GSRA) PLAN
Stonehill also offers a GSRA Plan through TIAA.
This 403(b) plan offers you the opportunity to save even more for your retirement by investing pre-tax dollars. The money you invest saves on taxes in two important ways. First, your contributions to a GSRA reduce your taxable income because you pay no federal and state income taxes on your contributions until you withdraw funds. Second, taxes on investment earnings are deferred until you withdraw funds. Your accumulations may remain in the plan until IRS guidelines require distributions. A GSRA plan requires certain minimum and maximum contributions.
- TIAA Website | 800-842-2252