The RF helps you prepare for a financially secure retirement by contributing an amount based on a percentage of your RF bi-weekly earnings (as described on the Contributions page) to a retirement account at TIAA. This plan does not permit employee contributions. See the Optional Retirement Plan if you want to supplement your retirement income with payroll deductions.
All non-student RF employees who complete a waiting period of one year of qualified service (975 hours of service for a 37.5-hour work week or 1,000 hours for a 40-hour week) are eligible for the Basic Retirement Plan. The following individuals are not eligible to participate in this plan:
Full-time SUNY students employed in a specific RF student title; however, student service as an RF employee will be considered toward the waiting period if the student is subsequently appointed as a regular RF employee, and before incurring five consecutive one-year breaks in service
Members of a collective bargaining unit unless participation is agreed to pursuant to good faith bargaining
Persons engaged as independent contractors
For additional information, you may also refer to the Benefits Handbook and/or www.tiaa-cref.org/rfsuny.