September 29, 2017

Enrollment in voluntary retirement savings plans always available

Purdue offers all employees, including temporary employees and student employees, the opportunity to contribute some of their salary to a tax-favored retirement program through automatic payroll deductions. The Purdue-dedicated Fidelity website is available around the clock, allowing Purdue faculty and staff to manage their voluntary retirement savings contributions and investment mix throughout the year.  
  
"Enrollment in voluntary retirement savings -- what many know as a tax-deferred annuity or TDA -- isn't limited to a single period of time," says Susan Davis, retirement programs administrator in Human Resources.
  
Through the Purdue-dedicated site at https://nb.fidelity.com/public/nb/atwork/home, faculty and staff can begin, stop, increase or decrease contributions to voluntary retirement savings at any time. The site also provides access anytime to change the future investment mix for any of the employee's Purdue retirement account contributions, including Purdue's contribution and the employee's contribution. Pre-tax and Roth savings options are available with a range of investment alternatives. Funds are immediately vested and may be retained or rolled over upon separation from Purdue. For more information, call Fidelity at 800-343-0860.

Graduate students and other staff not participating in a retirement plan funded by the University are also welcome to contribute to voluntary retirement savings through the Purdue/Fidelity arrangement. Contact Human Resources at 765-494-1686 to get started.


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