{"id":36886,"date":"2020-06-05T15:48:21","date_gmt":"2020-06-05T19:48:21","guid":{"rendered":"https:\/\/www.rochester.edu\/human-resources\/?p=36886"},"modified":"2021-11-04T11:24:02","modified_gmt":"2021-11-04T15:24:02","slug":"retirement-contribution-changes-from-the-university","status":"publish","type":"post","link":"https:\/\/www.rochester.edu\/human-resources\/2020\/06\/05\/retirement-contribution-changes-from-the-university\/","title":{"rendered":"Retirement Contribution Changes from the University"},"content":{"rendered":"<p>As recently <a href=\"https:\/\/www.rochester.edu\/coronavirus-update\/further-efforts-to-strengthen-financial-stability\/\">announced<\/a>, the University is making temporary modifications to the Retirement Program due to the financial effects of the COVID-19 pandemic. For fiscal year 2021, which began on July 1, 2020, the University is changing the retirement contribution formula. The University will provide a 6.2 percent contribution up to a maximum compensation amount of $100,000.<\/p>\n<p>As part of the University of Rochester Retirement Program, TIAA offers free virtual one-on-one consultation sessions to help you with your retirement and other financial goals. You can sign up for a session at <a href=\"https:\/\/www.tiaa.org\/public\/support\/contact-us\/consultations-seminars\">TIAA.org\/ScheduleNow<\/a> or by calling 800-410-6497. You can also explore your contribution options and edit your voluntary contributions through your TIAA account at any time.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As recently announced, the University is making temporary modifications to the Retirement Program due to the financial effects of the COVID-19 pandemic. For fiscal year 2021, which began on July&hellip;<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[356],"tags":[1222,856],"class_list":["post-36886","post","type-post","status-publish","format-standard","hentry","category-updates","tag-benefits","tag-retirement"],"acf":[],"yoast_head":"<title>Retirement Contribution Changes from the University | Office of Human Resources<\/title>\n<meta name=\"description\" content=\"The University is making temporary modifications to the Retirement Program due to the financial effects of the coronavirus (COVID-19) pandemic.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.rochester.edu\/human-resources\/2020\/06\/05\/retirement-contribution-changes-from-the-university\/\" 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