News Item Details
Penn's New Retirement Savings Enrollment System
News from July 8, 2019
Retirement@Work, Penn's new enrollment system for the University's retirement savings plans, is live.
Through the new system, you now have access to streamlined features to help you connect, simplify, and save. When you log in, you will see an overall picture of your contribution elections at TIAA or Vanguard. This will be your platform for making the following changes:
- You can input the total percentage of your gross pay per pay period that you want to invest for retirement. If you are eligible for the Matching Plan, Retirement@Work will automatically allocate the first 5% to the Matching Plan and the rest to the Supplemental Plan. You’ll no longer need to input those contributions separately.
- If you want to choose your investment funds or designate beneficiaries, Retirement@Work will direct you to the TIAA and/or Vanguard website.
For more information about the Retirement@Work enrollment system, check out the Retirement@Work User Guide. Visit the Saving for Retirement webpage for details about Penn's Retirement Savings Plans.
If you have questions, please contact the Retirement Call Center at 877-736-6738.