HOW RETIREMENT PLANS WORK

A retirement plan is a valuable benefit of UW employment that helps you save for your retirement by deferring part of your pay into an investment plan for the future.

  • The contribution schedule, investment choices, income options, and vesting rules are established by the University of Washington.
  • You choose how much to invest, how to allocate your contributions, and name your beneficiaries.
  • Your employer selects the types of plans and features, including the contribution schedule, investment choices, income options and vesting rules.
  • You choose how much to invest, how to allocate your contributions, and name your beneficiaries.
Plans Available to You

Eligible faculty and staff can participate in the UW Retirement Plan and/or the Voluntary Investment Program. For information about the plan(s), see Your Plan and Investment Choices.

Enroll to Participate

When you enroll, you’ll:

  • Choose investments in the plan that suit your time horizon, investment objective, and risk tolerance.
  • Specify how your contributions are to be allocated among those investments.
  • Name your beneficiaries.
Need Help?

We understand that developing an investment strategy can seem overwhelming. If you select to participate in Tier 3 of the UW Retirement Plan or the Voluntary Investment Program, you have access to TIAA-CREF’s consultants and tools to help you plan for – and live well in – retirement.

We provide guidance and planning help at no additional cost.

For help, you can call us anytime at 800 842-2252.
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