All employees are eligible to participate in Supplemental Retirement Annuities (SRA) through payroll reduction. This program may be of special interest to the employee not eligible to join the contributory retirement plan or for the employee wishing to contribute more than 5%. Under the guidelines established by IRS Code Section 403(b) and 403(b)(7), the employee's annual salary is reduced by the amount of his/her permitted contribution for income tax purposes.

Employees may select from one of three vendors, including insurance and mutual funds companies. Although St. Edward's University does not restrict access to this money, IRS regulations and contract provisions may restrict access, even after termination of employment.

Hardship Withdrawal Policy:
Subject to vendor fees and IRS penalties, under a limited set of circumstances it may be possible to withdraw funds from your Supplemental Retirement Annuity for financial hardship. Please review the Supplement Retirement Plan Document at:

http://www.stedwards.edu/hr/files/u3/docs/Supplemental_Retirement_Plan.pdf.

 

Please contact your carrier for a Supplemental Retirement Plan Hardship Withdrawal Form.

TIAA-CREF: 1-800-842-2776

VALIC: 1-800-448-2542

Fidelity: 1-800-343-0860