Retirement Savings
Moravian Retirement Plan
The ƽ Retirement Plan is available to employees based on the following:
- Full-time – employees who work a minimum of 30 hours per week are eligible for all employee benefits; does not include temporary appointments.
- Part-time – employees who work less than 30 hours per week are eligible for retirement benefits
- Part-time employees are eligible to contribute to their ƽ Retirement Plan
- Part-time employees who work at least 1000 annual hours are eligible for the ƽ Retirement Plan
- Temporary – employees hired on a casual or intermittent basis for a short duration to provide a limited service or for a specific function receive only access to contribute to the ƽ Retirement Plan and those benefits mandated by law.
- Interns – employees hired into a temporary position usually not for more than 2 years in a role that provides for professional experience receive housing, a meal plan, access to contribute to the ƽ Retirement Plan and access to a student health plan and limited tuition benefits.
- Graduate Assistants - A graduate student is employed to assist faculty or staff members with administrative functions within a University department who is not performing research or teaching responsibilities; receive an hourly rate and tuition for six (6) courses per academic year and access to contribute to the ƽ Retirement Plan.
Deferral options are listed below. View the Summary Plan Description and most recent plan amendments or contact Sabrina Senick, senicks@moravian.edu, for more details.
Employer-funded account | Employee-funded account |
|---|---|
| Contributions can be made by ƽ on a discretionary basis.* Check with HR for the current contribution amount! Employee contribution is not required to receive the employer contribution. Eligible employees are automatically enrolled in the employer-funded retirement plan. A default investment option is selected. | Contribution types Pre-Tax All eligible new hires will have 4% of their paycheck automatically deferred on a pre-tax basis. There is an opt out option. Automatic enrollments will be increased by 1% on an annual basis. After-Tax Moravian offers an after-tax Roth deferral option, where no taxes are paid when money is withdrawn. |
Your contributions
| Online salary deferral | ||
| Change your retirement contribution amount by logging in to your . Locate the contributions link under the Actions header. Follow the prompts to start or make changes to your contributions. | ||
| Automatic increase feature | ||
| Automatically increase your retirement plan contributions to help you save more for your retirement. You select the amount of the increase, the frequency and the start date! | ||
| ||
| Getting online access is easy | ||
| Visit . Click Log in in the upper-right corner and then Register for access. |
Carrier Information
TIAA
- Website:
- Phone: 800-842-2776
When was the last time you increased your contributions? A TIAA financial consultant can help you consider how to save more for retirement. Call TIAA at 800-732-8353, weekdays, 8 a.m. to 8 p.m. (ET), or on line.
- Understand all your investment options
- Determine how much to save
- Make informed choices and monitor your progress
*Moravian ministers under call may be required to remit the institutional contribution to the designated provincial church pension plan.