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Baylor University, at its sole discretion, may provide a defined contribution to eligible participants. In addition, eligible participants may make voluntary contributions into the Plan on either a pre-tax or after-tax basis.
Full-time faculty and staff members who are at least 21 years of age, and have completed one year of service with an accredited college or university will be eligible to enroll into the Plan. Part-time faculty and staff members who are at least 21 years of age, and who have either worked the equivalent of 1,000 hours during their first year of employment with the university, or who have worked the equivalent of 1,000 hours during a subsequent calendar year will be eligible to enroll into the Plan.
If you are at least 21 years of age, and have completed one year of service with an accredited college or university, you will be immediately eligible to enroll into the Plan. If you satisfy the age requirement, but have not satisfied the service requirement, then you will need to complete the Prior University Work Experience Form to receive partial credit towards the one year of service requirement.
For employee contributions, complete the Baylor Retirement Plan Salary Reduction Agreement to elect how much you wish to have deducted from your pay.
Please Note: If you fail to establish your TIAA retirement account(s) prior to the funding of your first contribution, accounts will be established on your behalf and your funds will be placed in the plan default investment option which is the age appropriate Vanguard Target Retirement Fund. At that time, you can make changes to your investment elections and establish your beneficiary designations.
|Forms: Call 800.842.2776|
If you'd like to learn more about Pre-Tax vs. Roth contributions, then watch this Understanding The Roth Plan Option Presentation provided by CAPTRUST.
You can begin the process of requesting a withdrawal by logging into your TIAA Account or by calling 800.842.2252.