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TIAA Supplemental Retirement Plans

TAX DEFERRED ANNUITY - 403(b) 

  • Deferrals of a portion of your salary are made to TIAA on a pre-tax basis.  Federal, state and local taxes are deferred.  Income reported to Social Security and Indiana Public Employees’ Retirement Fund is not affected.  Taxes will be paid on amounts as they are withdrawn from the plan at retirement.  There is no minimum amount that you must defer.  The maximum amount is determined annually by the Internal Revenue Code.   By request, the Employee Benefits Office will compute your maximum to assure that Federal limitations are not exceeded.

DEFERRED COMPENSATION PLAN - 457(b) 

  • In addition to tax-deferred annuities, ISU offers a TIAA 457(b) Deferred Compensation Plan that will allow you to contribute additional monies, above the annual maximum exclusion allowance permitted by current regulations. ISU requires the tax deferred annuity contribution to be maximized prior to enrollment into the 457(b) plan.

ROTH RETIREMENT ANNUITY 

  • Rather than deferring a portion of your salary on a pre-tax basis, you may choose to contribute to a Roth Annuity.  Taxes are paid when the contributions are earned.  Your withdrawals (including investment earnings or losses) will not be taxed if certain requirements are met.   There is no minimum amount that you must defer.  The maximum amount is determined annually by the Internal Revenue Code.   By request, the Employee Benefits Office will compute your maximum to assure that Federal limitations are not exceeded.

SALARY REDUCTION AGREEMENT FORM

Contact

Rankin Hall Room, 300
Terre Haute, IN 47809

Phone: (812) 237-4114
Fax:812-237-8331
ISU-HumanResources@mail.indstate.edu

Office Hours:
Monday-Friday 8 a.m. - 4:30 p.m.