Transition to Single Recordkeeper
Starting on March 26, 2020, the CMU Retirement Plans — the Faculty and Staff Retirement Plan (FSRP) and the 401(k) Plan — will all be administered by TIAA, and TIAA will become the single recordkeeper for the plans. Note that university contribution rates, eligibility and vesting requirements will remain the same.
Coming Soon: Watch this space for information about the new balance transfer date for Vanguard accounts. As you may recall, the balance transfer was postponed due to the impact of the coronavirus pandemic. Vanguard account holders will receive updated balance transfer information in the mail, and this space will reiterate that messaging and provide access to live webinars to learn more.
View the informational webinar to learn about the changes to the plans. You may also contact TIAA to schedule a one-on-one virtual appointment for assistance.