All University of Arizona employees are eligible to participate in these supplemental retirement plans.
Both programs are offered through payroll deduction. When calculating your annual contribution amount, remember that voluntary deductions, such as these, are only deducted from the first two paychecks of each month.
Comparison of Supplemental Retirement Plans
Voluntary 403(b) Plan
IRS Tax Code: 403(b)
Offers employees the opportunity to defer tax on a portion of earnings, by purchasing traditional annuity or mutual fund products through the University's authorized investment companies.
VALIC - George Maytorena (520) 312-2843; Gerry Petersen (520) 275-4032;
Bob Twesten (520) 400-2363
Fidelity Investments - Damond Petersen (866) 588-2612
TIAA-CREF - Donn Fitch (866) 548-3705, ext. 7709
To make payroll deduction contribution changes to an existing 403(b) account, or apply for a loan or hardship withdrawal, visit Retirement Manager. Retirement Manager is a secure internet based self-service tool that allows you to manage your 403(b) account(s).
Retirement Manager User Guide
Beginning October 5, 2009, you will need to use your EmplID to log into Retirement Manager. If you do not know your EmplID, please visit http://newid.arizona.edu or contact the Benefits Adminstration Team at 520-621-3662, option 3 or email.
To open a 403(b) account, contact an authorized investment company representative.
The routine deadline for enrollments and changes to 403(b) accounts is non-pay week Wednesday at 5:00 p.m.
Voluntary 403(b) Plan Document
2009 403(b) One-On-One Consultation Schedule
15 Year Service Catch-Up Contribution Form
2008 Enhancements to the Voluntary 403(b) Plan
Deferred Compensation Plan
IRS Tax Code: 457
State of Arizona plan administered by Nationwide, allows employees to defer a pre-tax portion of earnings into a supplemental retirement account. To open an account, contact William Dettmers at 520-770-1076, ext. 1155.
Maximum Deferral Amount (MDA) Limits for 403(b) and 457 Plans
| Calendar/Plan Year | 2008 | 2009 |
| Annual Maximum Deferral Amount (MDA) | $15,500 | $16,500 |
| Annual Maximum Deferral Amount (MDA) for participants age 50 and older in plan year | $20,500 | $22,000 |
| Special catch-up contribution for employees with more than 15 years of service | Contact your investment company representative | |
