Savings/Retirement
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Employees hired prior to state transition (7/1/1977) made mandatory retirement contributions to either the City of Cincinnati Retirement System or the Teachers Insurance and Annuity Associate/College-College Retirement Equities Fund (TIAA-CREF). At conversion, all new staff employees contributed to the Ohio Public Employees Retirement System (OPERS) and new faculty made contributions to the State Teachers Retirement System (STRS). City and TIAA-Cref participants were given a one-time chance to change to the state systems. TIAA/Cref participants may still change to Vanguard or Fidelity.
In 1998 an Alternative Retirement Plan (ARP) was offered to new full-time faculty and exempt staff and those with less than five years state service. In 2005 the ARP was extended to the non-exempt staff and students. The ARP, like the grandfathered TIAA/CREF, is a defined contribution plan--income only, based on return of investment.
Income, disability, and health care are offered by the retirement systems. For information, contact:
CITY OF CINCINNATI RETIREMENT SYSTEM
OHIO PUBLIC EMPLOYEES RETIREMENT SYSTEM (OPERS)
STATE TEACHERS RETIREMENT SYSTEM (STRS)
The university offers retirees under the grandfathered plans (TIAA-CREF, Fidelity, Vanguard) the opportunity to participate in a group medical and dental plan. Information on this plan may be obtained from the HR Service Center or the Retiree Workbook. |
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For additional information on the Alternative Retirement Plans, contact the provider directly. To download a copy of the Retirement Plan Election Form, click here.
| AIG VALIC |
1-800-892-5558 x89020 |
| AXA |
1-800-551-2423 |
| Great American Life Insurance Company (Brecek & Young) |
1-800-789-6771 x11811 |
| ING |
1-800-451-4702 |
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Lincoln National Life Insurance Company (Daugherty & Assoc) |
1-513-745-7007 |
| Metropolitan Life Insurance Company |
1-800-492-3553 x1144 |
| Nationwide Life Insurance Company (Horan Securities) |
1-800-544-8306 |
| TIAA-CREF |
1-877-277-6446 |
For more information on the history of the retirement plans at UC, click here.
For answers to frequently asked questions on retirement, click here.
ADDITIONAL SAVINGS OPPORTUNITIES
403(b) Tax Deferred Opportunities & 457-B_Tax_Deferred Opportunities
To add or update contributions to the 457-B plan you cannot use the online Salary Reduction Agreement form provided by the university, but must contact Ohio Deferred Compensation directly.
US Series EE Savings Bonds
INFORMATION ON RETIREMENT PLANNING
6 Steps to Improve Your Retirement Planning
What to Look for in a Retirement Plan Provider
Retirement Savings Tax Planning Tips
Please contact the HR Service Center for retirement questions at (513) 556-6381.
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