Washington and Jefferson College
Salary Reduction Agreement for TIAA-CREF
FORM TO BE USED ONLY AFTER AUGUST 16, 2020
By this AGREEMENT, made between (Print Employee Name)
and Washington & Jefferson College (the “Institution”), we agree as follows:
Effective (Date) , the Employee’s basic monthly salary will be reduced by the
amount shown below to be remitted by the Institution and allocated between Institution approved
funding accounts of TIAA and CREF as designated by the Employee.
This Agreement shall be legally binding and irrevocable as to each of the parties hereto while
employment continues and with respect to amounts earned while the Agreement is in effect,
provided, however, that the amount of additional contribution may be changed at any time with
respect to amounts not yet earned.
The amount of salary reduction shall be:
OPTIONAL contribution
The pre-tax amount $ per month or $ per year
which will produce a total Institution contribution that does not exceed the employee’s
statutory exclusion allowance under sections 403(b), 415 or 402(g) of the Internal
Revenue Code.
ROTH additional contribution
The post-tax amount of $ per month or $ per year which will
produce a total Institution contribution that does not exceed the employee’s statutory
exclusion allowance under sections 403(b), 415 or 402(g) of the Internal Revenue Code.
Employee’s signature
To enroll go to www.tiaa.org/washjeff
Customer Service Support
866 207-6467
MONDAY - FRIDAY, 8 AM - 10 PM (ET) Last 4-Digits of Social Security Number
SATURDAY, 9 AM - 6 PM (ET)
1 800-842-2252 for additional support
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