If this exception applies to you, please contact the Benefits Office. TIAA-CREF and Fidelity are the current program vendors for the ORP retirement plan. There will be no future opportunity to choose again. The University also participates in the Social Security System. Eligible to set aside a portion of salary to increase retirement savings regardless of IRA or other retirement plans one may have.
Contributions reduce taxable income and the earnings on the contributions are tax deferred as well.
Saving with pre-tax dollars allows a higher saving rate and thus accumulations will grow faster. Limitations on the amount of contributions and on the withdrawal of funds are set by IRS guidelines. To get more information and to complete an agreement to participate, contact the Benefits Office in Rowe 108 or phone 3661. Eligible to purchase a CMU parking permit for a single vehicle. There is no University contribution toward the cost of a parking permit.