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Human Resources

Retirement Savings

Description 

Your retirement plan through Lewis & Clark is an important part of your total compensation package. As a valued employee, we want to help you build a more financially secure future. Retirement funds are held by TIAA (Teachers Insurance and Annuity Association and College Retirement Equities Fund) and employees choose from among a variety of investment options. The full description of Lewis & Clark’s retirement plan is available on the TIAA website or call 800-842-2776 to speak with a TIAA representative.

Employee Contributions (SRA):

  • Contributions - All employees can contribute to this plan up to the annual IRS limit. The limit for 2016 is $18,000. If you are age 50 or above, you can contribute an additional $6,000.
  • Eligibility - You can start contributing toward your retirement the month following your hire date. All of our employees are welcome to participate, including our adjunct faculty and temporary employees. New hires will be automatically enrolled in a 3% employee contribution to the plan and have 60 days to opt out if they do not wish to contribute.

Employer Contributions (GRA):

  • Contributions - Each month, Lewis & Clark contributes 9% of your monthly base salary with no employee match required. The college’s contributions are immediately vested meaning that they belong to the individual regardless of whether or not he/she continues to work at Lewis & Clark
  • Eligibility -  You must be 21 years or older and a regular (not adjunct) faculty or staff member, who works at least 1000 hours or more per year to participate in this benefit. There is a one year waiting period before Lewis & Clark will begin making contributions to your retirement account. This waiting period can be waived if a new employee was (1) employed for at least 1000 hours at an institution of higher education for a minimum of one year (2) within four months before the first day with Lewis & Clark and (3) the former employer made contributions to his/her retirement account. New employees must provide proof of participation in their former employer’s retirement plan within the first 30 days of employment Lewis & Clark.
  • Policy - For more details on the College’s GRA plan, please see our Retirement Plan Policy.

 

FAQ & Tips


Employee Contribution Change - You can change your contribution limits at any time, as many times as you would like. Changes are made in Workday. For easy instructions, please click here.

Manage Your TIAA Accounts Online - Take a tour of TIAA and set up your online account.

  • Secure: your personal information is protected
  • Convenient: enroll any time day or night
  • Simple: step-by-step instructions and progress meter guide you through the process



Contact


 TIAA  Account Advisor for Lewis & Clark College:

Patrick Egan
patrick.egan@tiaa-cref.org
503-265-3907
To sign up for a one-on-one meeeting, call 1-800-732-8353 or schedule online www.tiaa-cref.org/ScheduleNow (Choose One-on-One Consultations - At your workplace – Oregon – Lewis & Clark College)
Group #:
GRA: 101700
SRA: 101701
Hours:
8:00 a.m. - 6:00 p.m. (ET)
Phone:
800-842-2776
Website:
Address:
TIAA
P.O. Box 1259
Charlotte, NC 28201

 

Forms and Required Notices