Retirement Plan Distributions

As an active faculty or staff member, you were either eligible to participate in Penn’s Retirement Savings Plans or the Retirement Allowance Plan (RAP).

Basic, Matching, and Supplemental Retirement Annuity (SRA) Plans

When you decide to retire, you will have to make choices regarding your pension plan accounts. If you were participating in the

Basic, Matching, or SRA Plans, you may elect to receive a distribution of your account.

TIAA

If you were investing in TIAA, you should call the Retirement Call Center at 1-877-736-6738 to discuss your distribution options and request the applicable forms.

Vanguard

If you were investing with Vanguard, you should call Vanguard at 1-800-523-1188 to request the distribution forms and discuss your options.

You will be required to complete these forms and have them signed by a representative in the Human Resources/Benefits Office. Please contact the Benefits Office at 215-898-7282 to arrange for this signature.

Retirement Allowance Plan (RAP)

If you have a benefit under the RAP, you must contact the Human Resources/Benefits Office at 215-898-7282 approximately 90 days prior to your retirement date. A final benefit will be calculated and all of your payment options will be discussed at that time.

 

Questions?

Contact the Retirement Call Center
1-877-PENN-RET or 1-877-736-6738