The University of Hartford provides all regular full-time and regular part-time faculty and staff with the opportunity to participate in an additional tax-deferred annuity managed by TIAA-CREF. Participation in the Group Supplemental Retirement Annuity Plan is voluntary and contributions can begin on the first full pay period following date of hire.
Employees can allocate contributions into any approved TIAA-CREF investment option. These options range in risk from low to moderate to high. Please refer to www.tiaa-cref.org or the most current Performance Update for investment performance information.
All contributions into the Group Supplemental Retirement Annuity are strictly employee dollars and are made on a voluntary pre-tax basis. This plan provides more liquidity of funds and is a viable option for employees who wish to contribute beyond the minimum requirements. This annuity also offers loan and hardship features. Please see the plan document for further details.
Application for the Contracts as well as a Salary Reduction Agreement must be completed to begin contributions into the Group Supplemental Retirement Annuity. All materials required for enrollment are available in HRD. Please contact your designated HR Representative for enrollment meeting schedules.
Changes to the Group Supplemental Retirement Annuity can be made directly with TIAA-CREF (such as reallocating premium, address changes or updating beneficiary information) at any time via mail, the TIAA-CREF Counseling Center or the Internet. Changes to the contribution amount into the Group Supplemental Retirement Annuity can be done via the completion of a revised Salary Reduction Agreement submitted to HRD.
An individual consultant from TIAA-CREF visits the campus monthly to conduct one-on-one counseling sessions with participants. Employees interested in meeting with the TIAA-CREF representative, should visit the TIAA-CREF website to schedule a meeting (instructions for scheduling individual counseling).
This page is designed to summarize the University of Hartford’s Group Supplemental Retirement Plan. It is not intended to be all inclusive. Where there are differences between the provisions of this website and more specific statements contained in University files (such as plan documents), those statements shall control.