Possible changes to faculty/staff retirement account management

Hello, Everyone.

You may have heard that there is a plan to reduce the choices for managing faculty and staff retirement accounts to one: TIAA. Faculty have expressed concerns about this, many of which you may read (or have read) on UA Discuss. It is strongly recommended that you attend one of the upcoming informational meetings. I am pasting below part of the email sent by Jes Kraus to faculty and staff announcing these meetings:

Three public meetings have been scheduled to provide an update on the results of the RFP process to employees who participate in UVM’s retirement plan. Retirement Plan Oversight Committee members, as well as the principal consultant from Cammack Retirement Group, will present information and be available to answer any questions you may have:

•    Wednesday, April 24, 11:30 AM -12:30 PM, Silver Maple Room (Davis Center)
•    Wednesday, April 24, 3:30 – 4:30 PM, Memorial Lounge (Waterman Building)
•    Thursday, April 25, 12:30-1:30 PM, Memorial Lounge (Waterman Building) 

All employees who participate in UVM’s retirement plan are encouraged to attend one of these public meetings.  Please coordinate attendance with your department supervisor as needed, and feel free to contact hrsinfo@uvm.edu or call 802-656-3150 if you have any questions.  If you need an accommodation to participate, please contact the University’s ADA Coordinator, Amber Fulcher, at (802) 656-0945.

Again, please think about attending one of these sessions and see UA Discuss for  more information as well.

In solidarity,

Julie Roberts

President-elect, VP

United Academics