Retirement
TIAA 403(b) Automatic Enrollment
Beginning July 1, 2025, all benefits-eligible employees (including those enrolled with Utah Retirement System) will be automatically enrolled in a TIAA 403(b) supplemental account with 2% of your pre-tax salary being deferred to it each paycheck. You may opt out or change this enrollment.
This will not affect your existing 401(a) account with TIAA, nor the university’s 14.2% contribution to it.
Retirement Plans
Weber State University provides employer/employee-funded retirement plans from TIAA and Utah Retirement Systems.
For all employees hired on or after Nov. 16, 2015, 91风流 will contribute at the rate of 14.2% of your annual gross earnings into a TIAA 401(a) plan. You may designate how this contribution is invested among the investment options at the time of enrollment, or online in the future.
New employees who have previous service credit with Utah Retirement Systems (URS) and wish to remain in the URS may do so, but must designate at the time of enrollment. Previous employees of Weber State who are returning to work at the institution will be placed in the same retirement system in which they originally enrolled.
If you’re a 91风流 employee contemplating retirement, explore our Retirement Steps for Employees.
TIAA 403(b) Automatic Enrollment
Beginning July 1, 2025, benefits-eligible Weber State employees will be automatically enrolled in a TIAA 403(b) supplemental account with 2% of your pre-tax salary being deferred to it each paycheck. That amount will auto-escalate by 1% annually, each July 1, until reaching a maximum of 5%. This applies to all benefits-eligible employees, including those enrolled with URS.
You may opt out or make changes to this enrollment. This will not affect your existing 401(a) account with TIAA, nor the university’s 14.2% contribution to it.
- If you have already set up a 403(b) through TIAA and are contributing 2% of your salary or more (either pre-tax through the retirement plan or after-tax with Roth), you will not be impacted by this change.
- If you have already set up a 403(b) through TIAA and are contributing less than 2% of your salary (either pre-tax through the retirement plan or after-tax with Roth), your current contribution amount will be changed to 2% and your contribution rate will increase annually, as detailed here.
Employees who want to opt out or select a different deferral amount should do so before July 1, 2025. However, if you miss the opt-out deadline and are enrolled, you can log in and set your contribution rate to zero at any time. Any changes will become effective as soon as administratively possible. This will also be the case going forward; you can re-enroll at the deferral rate of your choosing any time.
In order for TIAA to facilitate these changes, you will not be able to make changes to your contributions or enroll in the program May 19 to June 1. However, during this time you’ll still be able to access your account, request fund transfers and investment changes, update beneficiary information, and review investment performance.
This means you will have between June 1 and June 30 to opt out or make changes to this automatic 403(b) enrollment with TIAA.
A communication will be sent to university employees regarding this change in early May 2025. Questions can be directed to Weber State Human Resources at hr@weber.edu or 801-626-6032.
Types of Retirement
Early Retirement
This is a program available to employees with at least 15 years of full-time salaried service who are within 10 years of their Social Security Administration full retirement age.
Typically, the retiree should allow at least six months for processing and review.
Full eligibility and application requirements for early retirement are explained in Weber State PPM 3-41.
Regular Retirement
You qualify for retirement from Weber State University if you have at least ten years of service and are at least 55 years old.
Contact benefits coordinator Bethany Rasmussen, bethanyrasmussen@weber.edu, for questions about the early and regular retirement application processes.
Contact a Retirement Counselor
Throughout your career, you should regularly speak to your retirement counselor to make sure you're on track.
When it comes time to retire, we recommend that you apply for retirement with URS or TIAA three months prior to your retirement date.
- URS – Ask for a retirement counselor: 800-695-4877
- TIAA – Ask for a retirement counselor: 866-842-2907
Contact Medicare
Enrolling in Medicare is time-sensitive and we recommend researching Medicare enrollment steps at least three months before you plan to retire.
You want to know how to enroll properly, how your retirement and Medicare work together, and be aware of any special enrollment periods as they relate to your particular situation. Medicare and Social Security are under the same umbrella. Be sure to ask any social security questions you may have.
- 1-800-Medicare, or
- U.S. Social Security Administration: 877-378-9081, or
Contact Sun Life Financial
If you are interested in porting or converting your life insurance, you must do so within 30 days from your termination date.
Contact your Department
- Write a letter of intent to retire to your supervisor.
- Remind your supervisor to submit a separation ePAR to the Payroll office at least one month before your retirement date if possible. Separation ePARs can be done earlier for retiring faculty.
- You will receive an auto-generated email that will outline the exit process and procedures. Be sure to complete each item on that list.
- Contact the Benefits Coordinator (ext. 7230) in the Human Resources office to schedule an exit appointment some time during the last week that you will be on campus. The coordinator will answer questions about your retirement process as well as your retiree fringe benefits.
- Please be sure to return all university property and your keys. If you have a P Card, contact purchasing to reconcile it.
If you have any questions or concerns about the retirement application process, contact Bethany Rasmussen at bethanyrasmussen@weber.edu or 801-626-7230.