You have to enroll in the plan. You are not automatically enrolled.
The 403(b) plan is a voluntary, defined-contribution, tax-deferred as well as Roth after-tax plan governed by the Internal Revenue Code 403(b). TIAA is the administrator for the voluntary retirement program. Vesting in the 403(b) plan is immediate. UAB matches the individual’s contributions up to 5 percent of gross monthly pay not to exceed the IRS 401(a) annual compensation limit. Eligibility for matching is limited to full-time regular exempt employees.
You will find enrollment instructions for the 403(b) plan in the benefits portal. Log in. Click on the retirement tab and look for TIAA enrollment information.
For more information, please contact the Benefits Office.