NEW! UA is now offering a voluntary Roth 403(b)
Beginning with the pay period that starts on December 17th, 2023 (pays out on January 12, 2024), UA will now offer a Roth contribution option to the voluntary 403(b).
The Roth option allows for employees to contribute post-tax dollars to their 403(b) account. This is an enhancement to our current voluntary 403(b) program which is a tax-deferred program allowing for pre-tax contributions to a 403(b).
The Roth option is available with TIAA only. If you already have a TIAA voluntary 403(b) you can begin designating contributions as Roth contributions as early as December 17, 2023. If you do not have a TIAA voluntary 403(b) account already, you will need to open an account with them to begin making Roth contributions. To open an account with TIAA, please follow the instructions below.
TIAA-CREF
View the TIAA-CREF website
- Click on the yellow “enroll now” button
- Choose the University of Alaska Tax-deferred Annuity Plan (plan number 102246)
- Follow the steps to enroll in a 403(b)
- Complete a 403(b) Enrollment Form
Please work with your financial advisor prior to making any updates/changes to your retirement savings vehicles to be fully aware of any tax considerations - now and in your retirement. If you have questions about the Roth contribution option, you can set an appointment with a TIAA financial consultant, or call TIAA at 800-842-2252, weekdays, 8 a.m. to 10 p.m. (ET). You can also review high level information on TIAA’s Roth webpage. The UA Benefits team is not qualified to provide financial advice to employees.
To update either your pre-tax or post-tax contributions for calendar year 2024 complete the 403(b) NextGen form.
Emailed via benefits newsletter on 12/5/23, 12/12/23, 1/9/24.
Contact Benefits: (907) 450-8242 | ua-benefits@alaska.edu | schedule one-on-one time