Rollover Options, Withdrawals and Loans
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Rollovers and Distributions
As an active employee, you can request to roll over assets from another employer’s qualified plans into your 一本道无码 retirement plan. If you terminate employment with the university, you can request a distribution of your vested assets.
- Roll over assets from another institution to 一本道无码: Complete the Moving Funds to TIAA Form [pdf]. You will need proof that the assets are coming from a qualified plan or traditional IRA. Contact your vendor for more information.
- Distributions when employment ends: If you leave the university, contact TIAA to take a distribution or roll over funds to another institution or vendor. You can complete your request online or get paperwork from TIAA and submit the completed paperwork directly to TIAA. TIAA will securely contact 一本道无码's Retirement team to verify your employment end date and vesting.
In-Service Withdrawals
You may be able to withdraw funds from your retirement savings prior to separation from the university if you meet eligibility requirements.
Employee Supplemental and Rollover Contributions
- You are eligible to take in-service withdrawals from your employee source contributions for any reason after age 59.5.
- Hardship distributions are available at any age under the IRS Safe Harbor hardship rules. Contact TIAA for the necessary forms, and TIAA will process.
University Contributions
Vested university contributions — contributions made on your behalf by the university — are available for distribution upon separation of service from 一本道无码. You may be eligible to take an in-service withdrawal from contributions vested if you are over the age of 59.5 and certain requirements are met as defined by plan rules. Please contact the 一本道无码 Retirement team for more information.
Loans
Loans can be taken from employee source contributions at any age.
Loans are administered by TIAA. Contact TIAA at 800-842-2776 for loan information and loan requests. Refer to the loan policy for each plan (located in the document appendix):
When taking out a new loan, you will be:
- Offered a fixed rate of interest, and the loan will be funded directly from your retirement account. The loan amount will be deducted from your account, and payments, including interest, will be credited back to your account.
- Charged a one-time origination fee of $75 for general purpose loans and $125 for primary residence loans. There is also an annual loan maintenance fee of $25.
- Allowed a maximum of two outstanding loans at any one time. Former employees are not eligible to request new loans.