Unc Salary Reduction Agreement

Note: Contact the Kreditor to make sure your account is created and ready to receive contributions before filling out a salary reduction form for new registrations. Any university employee whose salary is subject to the FICA (Medicare/Social Security) tax can contribute to Plan 403b. Disclaimer: The content provided below is based on information received from the following sources and can be changed: the teacher and civil servants` pension system (TSERS), the UNC system office and the internal tax department. Jared McVey, CRPC® Director, Retirement Planner (704) 614-4167 jared.mcvey@fmr.com Visit Fidelity.com to make an appointment in North Carolina Deferred Compensation Plan (457) – Under this plan, revenues are protected against federal and federal income tax. This plan, controlled by Section 457 of the Internal Revenue Code and managed by Prudential, is designed as a long-term savings plan. For more information, please contact Prudential at 866-627-5267. Rob Sipprell, CRC® Board Advisor – Education Specialist North Carolina Total Retirement Plans 704-219-9431 robert.sipprell@prudential.com The UNC system proposes 403b plans either on the basis of upstream VAT or on the basis of after-tax. The suppliers of these plans are Fidelity and TIAA. Choose North Carolina State University as a campus. Select the Save Now button.

In the Save Online section, click on the “North Carolina State State Retirement Plans” link. You can then sign up for TIAA. Click above on the First Steps link, then under the following steps, click Save Now, then click Save with your passcode. Enter your SSN and 57555 as a passcode. This allows you to set up your account. For 2019, workers can contribute to the wage deduction up to the following limit: Eligible employees can register, modify or cancel supplementary pension contributions at any time throughout the year in order to affect paychecks corresponding to processing times. TIAA – UNC System 403 (b) and 457 (b) Gary Craddock Financial Consultant, Field Consulting Group (704) 988-2597 gcraddock@tiaa.org visit TIAA.org to make an appointment Fidelity and TIAA have representatives who are weekly on the NC State Campus. Employees can set schedules to meet in person or to talk to them by phone or email. Here are the interlocutors for the UNC 403b plans: Joshua Scott Financial Consultant Institutional Solutions – Relationships 919-687-5240 joshua.scott@tiaa.org Please note that if a participant does not complete this second step, contributions will be made to a life cycle fund with the selected provider based on the age of the participant. UnC System Voluntary 403 (b) – 457 (b) Retirement Program – TIAA and Fidelity, two highly respected financial services companies, have been selected to offer a wide range of services beyond 403 (b) and 457 (b) investment options through their equity and other high-level investment executives in the sector. Contributions can be pre-tax, after-tax or any combination of the two. Any money that is brought to the Prudential/NC 401k has the same contribution limits as the 403b and must therefore be aggregated to set the annual contribution limit.

The 457 plans provide separate contribution limits for those who wish to contribute to a 403b or 401k. Send completed forms by fax to: UNC Charlotte Benefits Office: 704-687-5254, Or by mail: 9201 University City Boulevard, Room 207, King Building, Charlotte NC 28223 Permanent Employees participating in the TSERS plan or ORP 401 (k) – The North Carolina Supplemental Withdrawal Plan was launched in 1984 by the General Assembly to provide academics with a tax-deferred retirement investment program. The plan is managed by Prudential Financial Retirement. For more information, please contact Prudential at 866-627-5267.